Eshallgo Inc (EHGO) News & EventsEHGONews & EventsEshallgo Inc

EShallGo Issues 1.75 Million Class A Shares at $1.00 Each

EShallGo announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 1.75 million Class A Ordinary Shares, at an offering price of $1.00 per share in a registered direct offering. The gross proceeds to the company from the registered direct offering are estimated to be approximately $1.75M before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about August 20, 2026, subject to the satisfaction of customary closing conditions. Univest Securities, LLC is acting as the sole placement agent.

Eshallgo Enters Strategic Partnership with Zhongshan Senwei

Eshallgo announced the launch of its second major international partnership initiative. EShallGo USA, a wholly-owned subsidiary of the Company, has entered into an exclusive strategic cooperation agreement with Zhongshan Senwei Office Supplies, a leading manufacturer of compatible color printing consumables industry in China. This partnership expands EHGO's international business development efforts and represents another step in the Company's strategy of bringing high-quality Chinese office technology products to overseas markets. Founded in 2009, Zhongshan Senwei is a manufacturer of compatible office consumables with established R&D and production capabilities. Pursuant to the agreement, Zhongshan Senwei will be responsible for product development, manufacturing, quality control and export fulfillment of compatible consumables, while EHGO California will serve as the exclusive distributor for the North American market, overseeing sales, marketing, customer service and channel development.

EShallGo Issues 750,000 Class A Shares at $1.00 Each

EShallGo announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 750,000 Class A Ordinary Shares, at an offering price of $1.00 per share in a registered direct offering. The gross proceeds to the company from the registered direct offering are estimated to be approximately $750,000 before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about July 1, subject to the satisfaction of customary closing conditions. Univest Securities is acting as the sole placement agent.