LexTrader
6 years ago
On December 31, 2018, Delta Technology Holdings Limited (the “ Company ”) entered into certain securities purchase agreement (the “ SPA ”) with certain non-affiliate “non-U.S. Persons” (the “ Purchasers ”) as defined in Regulation S of the Securities Act of 1933, as amended (the “ Securities Act ”) pursuant to which the Company agreed to offer and sell up to 7,500,000 of its ordinary shares (the “ Shares ”), par value $0.0001 per share, at a per share purchase price of $0.55 up to an aggregate gross proceeds of four million one hundred twenty-five thousand dollars ($4,125,000).
The net proceeds of the Offering shall be used by the Company for working capital and general corporate purposes. The parties to the SPA have each made customary representations, warranties and covenants. The completion of the transaction contemplated by the SPA is subject to certain closing conditions including but not limited to shareholders and Nasdaq’s approval of the issuance of the Shares.
The form of the SPA is filed as Exhibit 99.1 to this Current Report on Form 6-K and such document is incorporated herein by reference. The foregoing is only a brief description of the material terms of the SPA, and does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to such exhibits.
Global_Warming_Hoax
6 years ago
This post reinforces some M&A Rumors for DELT Ms. Joan Wu has joined the Firm as a partner at the New York office. Her practice focuses on corporate, securities as well as mergers and acquisitions. Ms. Wu represents both public and private companies across the globe, including China, Taiwan, Hong Kong and North America, in securities offerings and M&A transactions
stocktrademan
7 years ago
DELT buy 2.4090
double bottom
bullish divergence
resistance breakout
all time high volume confirmation
macd zero crossup
stochastics crossing up out of oversold area
blockchain technology (what cryptocurrencies use, but the technology it can be adapted to anything that deals with record keeping actually)
http://www.deltath.com/en/
Delta Technology, a China-based nano-cap company that invests in green innovation with a focus on chemical products, is reportedly partnering with Chinese giants like Alibaba Group Holding Ltd. BABA, ZTE, and Huawei to create a blockchain framework for the internet of things specifically for the chemical industry, eTradeWire said.
https://www.benzinga.com/news/18/01/10994838/delta-technology-rises-200-on-rumored-blockchain-involvement
normal chart
log chart
stock1ace1
7 years ago
Delta Technology Holdings Limited Announces Its Strategic Partner Plan
Source: PR Newswire (US)
ZHENJIANG, China, May 23, 2017 /PRNewswire/ -- Delta Technology Holdings Limited (Nasdaq:DELT) today announced its strategic partner plan. Currently Delta has nearly released its full production capacity, but still cannot meet the market demand. Therefore, Delta is seeking strategic partners and is now contacting and negotiating with several large-and-medium-sized OCT/PCT manufacturers in China. Delta proposes to sell the OCT/PCT and the downstream products of the said manufacturers by signing exclusive sale agreements.
Thus, it can bring win-win results for both Delta and its strategic partners. Delta can make more profit by furtherly increasing its sales and expanding its market, while its partners can also increase their profits and get their payment steadily by furtherly releasing their production capacity, and increasing their yield and sales with Delta's strong sales ability and channels. Although the partners' unit profit will be less, they will face no violent and direct competition against Delta.
About Delta Technology Holdings Ltd.
Founded in 2007, Delta Technology is a leading China-based chemical company producing and distributing organic compounds. The end application markets of the Company's products include 380 clients in the automotive, pharmaceutical, agrochemical, dye & pigments, aerospace, ceramics, coating-printing, clean energy and food additive industries. Delta Technology has approximately 300 employees, many of whom are highly-qualified experts and technical personnel. The Company serves more than 380 clients in various industries and has announced its plans to move into the Biotechnology sector.
Safe Harbor Statement
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded or followed by or that otherwise include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans," and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in DELT's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by DELT.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/delta-technology-holdings-limited-announces-its-strategic-partner-plan-300462135.html
SOURCE Delta Technology Holdings Limited
Copyright 2017 PR Newswire
stock1ace1
7 years ago
ZHENJIANG, China, May 23, 2017 /PRNewswire/ -- Delta Technology Holdings Limited (Nasdaq:DELT) today announced its strategic partner plan. Currently Delta has nearly released its full production capacity, but still cannot meet the market demand. Therefore, Delta is seeking strategic partners and is now contacting and negotiating with several large-and-medium-sized OCT/PCT manufacturers in China. Delta proposes to sell the OCT/PCT and the downstream products of the said manufacturers by signing exclusive sale agreements.