Oriental Rise Holdings Limited Public Offering
New York, July 23, 2025 (GLOBE NEWSWIRE) – Oriental Rise Holdings Limited (Nasdaq: ORIS) (the “Company”), an integrated supplier of white- and black- tea products in mainland China, today announced the closing of its previously announced public offering (the “Offering”) of 14,800,000 Units on a best efforts basis at a public offering price of $0.4681 per Unit, for gross proceeds of approximately $6,900,000 before deducting placement agent fees and other offering expenses.
The Crone Law Group, P.C., led by Partner Joe Laxangue, acted as U.S. counsel to the Company in connection with the Offering.
Each Unit consisted of one Ordinary Share and one Common Warrant to purchase one Ordinary Share. Each Common Warrant is immediately exercisable at an exercise price of US$0.4681 per share and will expire five years from the date of issuance. The Common Warrants may, at any time and in the holders’ sole discretion, be exercised in whole or in part by means of a zero exercise price option, in which the holders will receive two (2) times the number of Ordinary Shares that would be issuable upon a cash exercise of the Common Warrant, without payment of additional consideration.
In addition, the exercise price for the Common Warrants will be adjusted downward on the 5th and 10th trading days following the closing of this Offering to the price that is equal to 70% and 50%, respectively, of the initial exercise price of the Common Warrants. Upon each adjustment to the exercise price for the Common Warrants, the number of issuable warrant shares will proportionately increase so that the nominal aggregate exercise price of the Common Warrants will remain the same.
Maxim Group LLC acted as the exclusive placement agent, on a reasonable best-efforts basis for the Offering.
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