Bon natural life limited announces pricing of $12 million best efforts offering

Xi'an, china, march 17, 2025 (globe newswire) -- bon natural life limited (nasdaq: bon) (“bon” or the “company”), one of the leading bio-ingredient solutions providers in the natural, health and personal care industries, today announced that it has priced a best efforts offering of units as described below for aggregate gross proceeds to the company of $12 million, before deducting placement agent fees and other estimated expenses payable by the company. the offering of ordinary units (or pre-funded units in lieu of such ordinary units) comprised of 8,333,332 shares of the company's class a ordinary shares (or pre-funded warrants in lieu of class a ordinary shares for the pre-funded units), series a warrants to purchase one class a ordinary shares at an exercise price of $1.44 per share (the “series a warrants”) and series b warrants to purchase class a ordinary shares at an exercise price of $2.16 per share (the “series b warrants” and, together with the series a warrants, the “warrants”).
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