Dogness (international) corporation closes $12 million offering

Dongguan, china , june 3, 2022 /prnewswire/ -- dogness (international) corporation ("dogness" or the "company") (nasdaq: dogz), a developer and manufacturer of a comprehensive line of dogness-branded, oem and private label pet products, today announced that it closed a previously announced offering with institutional investors, raising approximately $12 million in gross proceeds from the sale of (i) an aggregate of 3,636,365 class a common shares and (ii) warrants to purchase an aggregate of 2,181,819 class a common shares to the investors.  the company plans to use the net proceeds from the offering for working capital and general business purposes, as it continues to focus on the growth of its business enhancing pet lifestyles through an expanding portfolio of traditional and smart tech products.
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