05:47 PM EDT, 07/15/2024 (MT Newswires) -- Shineco ( SISI ) said late Monday it closed a public offering of about 1.9 million shares at $1.07 each, raising about $2 million.

Underwriters have a 45-day option to acquire up to 280,374 additional shares to cover possible over-allotments, the firm said.

Shineco ( SISI ) shares were up about 25% in after-hours activity.

Price: 1.2300, Change: +0.25, Percent Change: +25.51