TDH Holdings, Inc.Announces Agreement for the Registered Direct Offering of $ 9.1 Million of Common Shares and Warrants

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QINGDAO, China, September 30, 2021 / PRNewswire / – TDH Holdings, Inc. (NASDAQ: PETZ) (“TDH” or the “Company”), a PRC-based company specializing in the development, manufacture and sale of pet food products in China and beyond, today announced that it has entered into a securities purchase agreement with certain investors for a registered direct placement of $ 9.1 million common shares and related warrants at the price of $ 0.89 per share and $ 0.02 by mandate. The Company will issue a total of 10,000,000 common shares and warrants to purchase a total of 20,000,000 common shares from investors. The warrants are initially exercisable at $ 2.16 per share. The aggregate gross proceeds from the sale of the securities, before deduction of fees payable to the Selling Agent and other estimated offering fees payable by the Company, will be approximately $ 9.1 million.

The Company expects to use the net proceeds of this offering on strategic acquisitions and investments in complementary activities. However, the Company currently has no agreement, arrangement or commitment for a specific material acquisition. The end of the internship should take place on or around September 30, 2021, subject to the satisfaction of the usual closing conditions. Boustead Securities, LLC acted as exclusive placement agent in connection with the Offer.

These securities are offered by way of a prospectus supplement in accordance with the Company’s then current prior registration statement and the base prospectus contained therein. A store registration statement relating to these securities has been filed and declared effective by the Securities and Exchange Commission (the “SEC”). A prospectus supplement relating to the Offer will be filed with the SEC.

This press release does not constitute an offer to sell or the solicitation of an offer to buy such securities, and there will be no sale of such securities, in any state or other jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or other jurisdiction.

For more information on this transaction, please see Form 6-K to be filed with the SEC.

About TDH Holdings, Inc.

Founded in April 2002, TDH Holdings, Inc. (the “Company”) is a developer, manufacturer and distributor of a variety of pet food products under multiple brand names which are sold in the China, Asia and Europe. You can find more information about the company at www.tdhpet.com.

Forward-looking statements

Nothing in this press release should be construed as an offer to buy or sell any securities. Any such offer may only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release regarding our prospects for future growth are forward-looking statements regarding our future business expectations intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those contained in these forward-looking statements. The risks and uncertainties associated with these statements include, without limitation, the risks and uncertainties regarding the lingering effects of the Covid-19 pandemic on the businesses of our customers and the disposable income of end buyers, our ability to raise capital on special terms, fulfillment of customer orders, profit fluctuations, exchange rate fluctuations, our ability to manage growth, our ability to generate income through business expansion and acquired assets in China and the United States, our ability to attract and retain highly qualified professionals, customer concentration, concentration of industry segments, reduced demand for technology in our key focus areas, our ability to lead to properly and integrate potential acquisitions and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future results of operations are described in more detail in our filings with the United States Securities and Exchange Commission. These files are available on www.sec.gov. Dogness may, from time to time, make additional written and oral forward-looking statements, including statements contained in documents filed by the Company with the Securities and Exchange Commission and in our reports to shareholders. In addition, please note that all forward-looking statements contained in this document are based on what we believe to be reasonable assumptions as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company, unless required by law.

For more information please contact:

Feng zhang, CFO
TDH Holdings, Inc.
E-mail: [email protected]
Telephone: +86 18311021983

SOURCE TDH Holdings, Inc.


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