Origin Agritech Receives Full US$2.8 Million from Previously Announced Private Placement at US$1.40 Per Share
Key Highlights
- ➤US$2.8 million raised through issuance of 2,000,000 shares at US$1.40
- ➤No warrants or placement agent fees leave substantially all proceeds for Origin
- ➤Proceeds target working capital, R&D expansion, and debt repayment
- ➤Shares outstanding increased from 12,144,586 to 14,144,586
- ➤Xinjiang production facility retained through subsidiary sale and leaseback
Expert Statements
Weibin Yan, Chief Executive Officer of Origin Agritech
“We raised this capital at US$1.40 per share with no warrants and no intermediaries taking a cut, so nearly every dollar goes to work”
Weibin Yan, Chief Executive Officer of Origin Agritech
“With our Xinjiang production base running under the leaseback, we are putting these funds behind the breeding and trait programs in our commercial pipeline and the working capital to bring those varieties to market. We thank our investors, who took the time to understand a seed and biotechnology business before they committed.”
No warrants and no placement agent fees; proceeds fund working capital, R&D, and debt reduction ahead of the Company's fiscal 2027 commercialization programs
BEIJING, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Origin Agritech Limited (NASDAQ: SEED) ("Origin" or the "Company"), a leading Chinese agricultural technology company, today announced that it has received the full US$2,800,000 gross subscription amount from its previously announced private placement of 2,000,000 ordinary shares at US$1.40 per share and has issued all of the shares to the investors. The investors, two individuals and one investment company, purchased under three Securities Purchase Agreements dated February 1, 2026, each on the same terms and at the same price.
Get started
Create a free account to read the full story.