Nisun announces updates on capital allocation

Shanghai , june 16, 2022 /prnewswire/ -- nisun international enterprise development group co., ltd ("nisun" or the "company") (nasdaq: nisn), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced updates on its use of proceeds from its december 2021 underwritten public offering of approximately $77 million of its class a common shares and pre-funded warrants to purchase class a common shares ("offering"). since the completion of the offering, the company has invested approximately $32 million of the net proceeds into its two subsidiaries, nisun ocean (qingdao) supply chain investment co., ltd.
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