Bon Natural Life Limited Announces Pricing of $12 Million Best Efforts Offering

Core Viewpoint - Bon Natural Life Limited has announced a best efforts offering of units for aggregate gross proceeds of $12 million, aimed at expanding its operations in the natural, health, and personal care industries [1][3]. Offering Details - The offering consists of 8,333,332 shares of Class A ordinary shares and associated Series A and Series B Warrants, with exercise prices of$1.44 and $2.16 per share respectively [2]. - The purchase price for each ordinary unit is set at$1.44, while pre-funded units will be priced at $1.439 [3]. - The offering is expected to close around March 18, 2025, pending customary closing conditions [3]. Use of Proceeds - The net proceeds from the offering will be utilized for sales network expansion, research and development, production capacity expansion, and general corporate purposes [3]. Placement Agent - Univest Securities, LLC is acting as the sole placement agent for this offering [4]. Company Background - Bon Natural Life Limited is a Cayman Islands company focused on providing bio-ingredient solutions in the natural, health, and personal care sectors [6].