Home > Boards > US OTC > Medical - Healthcare >

China SXT Pharmaceuticals, Inc. (SXTC)

Add SXTC Price Alert      Hide Sticky   Hide Intro
Search This Board: 
Last Post: 9/26/2019 11:09:02 AM - Followers: 4 - Board type: Free - Posts Today: 0

China SXT Pharmaceuticals

China Sxt Pharmaceuticals, Inc. engages in the development, manufacture, marketing, sales, research and development of Chinese traditional medicine. It sells Advanced TCMP, Fine TCMP and Regular TCMP products. The company sell its products under "Suxuantang" brand name. The company was founded by Zhou Feng in 2005 and is headquartered in Taizhou, China.
Founded: 2005
SubsidiariesTaizhou Su Xuan Tang Biotechnology Co., Ltd.Jiangsu Su Xuan Tang Pharmaceutical Co., Ltd.


China SXT Pharmaceuticals, Inc. Announces Final Closing of Initial Public Offering


Published: Jan 4, 2019 7:30 a.m. ET


Shares to Commence Trading Today on the NASDAQ Capital Market as "SXTC"


TAIZHOU, China and NEW YORK, Jan. 4, 2019 /PRNewswire/ -- China SXT Pharmaceuticals, Inc. (the "Company") SXTC, -10.48% a specialty pharmaceutical company focusing on the research, development, manufacture, marketing and sales of Traditional Chinese Medicine Pieces ("TCMPs"), today announced the final closing of its initial public offering on January 3, 2019. Together with the first closing on December 31, 2018, the Company raised approximately $10.2 million in gross proceeds, before deducting underwriting discounts, commissions and other offering expenses, by issuing 2,546,275 ordinary shares at a public offering price of $4.00 per share. The shares are scheduled to commence trading on the NASDAQ Capital Market today at around 2:05 p.m. ET under the ticker symbol "SXTC".

Boustead Securities, LLC acted as the sole underwriter for the offering. Hunter Taubman Fischer & Li LLC acted as U.S. legal counsel to the Company, and Sichenzia Ross Ference LLP acted as legal counsel to the underwriter.

The Company intends to use the proceeds from this offering primarily for: i) expanding its manufacturing facility; ii) recruiting additional employees; iii) research and development of new drug candidates; and iv) general working capital.

A registration statement relating to the securities being sold in this offering was declared effective by the Securities and Exchange Commission ("SEC") on September 28, 2018. The offering of these securities will be made only by means of a prospectus, forming a part of the registration statement. A copy of the final prospectus relating to the offering may be obtained by contacting Boustead Securities, LLC email: offerings@boustead1828.com or by calling +1 (949) 502-4409 or standard mail at Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 265, Irvine, CA 92618, USA. In addition, a copy of the final prospectus relating to the offering may be obtained via the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About China SXT Pharmaceuticals, Inc.


Incorporated in 2005 and headquartered in Taizhou City, Jiangsu Province, China, China SXT Pharmaceuticals, Inc. is an innovative pharmaceutical company based focusing on the research, development, manufacture, marketing and sales of traditional Chinese medicine pieces, which is a type of Traditional Chinese Medicine that has been processed to be ready for use. For more information, please visit www.sxtchina.com.

About Boustead Securities, LLC

Boustead Securities, LLC ("Boustead") is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead's core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States and around the world, Boustead's team moves quickly and provides a broad spectrum of sophisticated financial advice and services. For more information, visit www.boustead1828.com.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company's statements regarding trading on the NASDAQ Capital Market are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements.These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; the growth of the pharmaceutical market, particularly the Traditional Chinese Medicine Pieces ("TCMPs") market, in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the  international markets the Company serves and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward - looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

At the Company:Alex Shi, CFO 
Email: ir@sxtchina.com

Investor Relations:Tony Tian, CFA          
Weitian Group LLC 
Email: ttian@weitianco.com 
Phone: +1 732-910-9692

At Boustead Securities:Dan McClory, Managing Director and Head of Equity Capital Markets and Head of China 
Email: dan@boustead1828.com 
Phone: +1 949-502-4408

View original content:http://www.prnewswire.com/news-releases/china-sxt-pharmaceuticals-inc-announces-final-closing-of-initial-public-offering-300772831.html

SOURCE China SXT Pharmaceuticals, Inc.


Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
SXTC News: China SXT Pharmaceuticals, Inc. Granted to Establish Taizhou Research Center for Advanced TCMP Engineering Techniques 09/11/2019 07:00:00 AM
SXTC News: China SXT Pharmaceuticals, Inc. Announces Filing of Annual Report on Form 20-F for Year Ended March 31, 2019 08/19/2019 08:00:00 AM
SXTC News: China SXT Pharmaceuticals, Inc. Receives New Pharmaceutical GMP Certificate 08/12/2019 08:00:00 AM
SXTC News: China SXT Pharmaceuticals, Inc. Receives National High-tech Enterprise Qualification 04/02/2019 06:30:00 AM
SXTC News: China SXT Pharmaceuticals, Inc. Announces Financial Results for the Six Months Ended September 30, 2018 03/28/2019 06:30:00 AM
#5   Wake up, sell now. willlbone 09/26/19 11:09:02 AM
#4   only 2,546,275 shares issued and they have a SchlumpyStock-Picker 01/31/19 09:26:27 AM
#3   * * $SXTC Video Chart 01-30-2019 * * ClayTrader 01/30/19 05:20:01 PM
#2   BOTTOMED AND READY TO ROCK UP! Pugsieboy 01/17/19 10:20:31 AM
#1   And now it begins.... Heather Connors 01/05/19 04:55:40 AM