#USA #New York #Digital Transformation #High-Trend International #HTCO

HTCO Secures $3 Million Financing to Accelerate Digital Transformation

In a significant development for HTCO (NASDAQ: HTCO), the company recently disclosed the successful initial closing of a financing agreement amounting to $3 million as part of a broader plan involving potential investment of up to $20 million. This funding is primarily intended to bolster the company's strategic development efforts focused on enhancing its AI platform. The ultimate goal is to improve operational efficiency and further advance digital transformation across the organization.

The financing will be structured into multiple phases, with the first tranche already completed. Notably, this initial $3 million does not include any warrants, a move that helps maintain HTCO's disciplined approach to capital management. The company has emphasized this decision as a strategic alignment with its ongoing efforts to foster sustainable growth and shareholder value.

According to the terms of the agreement, the accredited investor will adhere to specific trading limits—capping any share transactions at 15% of the total daily trading volume. This condition is designed to protect market stability and the interests of all shareholders, new and existing alike.

Furthermore, the shares issued in connection with this initial financing will only be available for trading after HTCO files an F-1 registration statement with the U.S. Securities and Exchange Commission. This filing must be effective within 120 days, ensuring compliance with regulatory requirements and maintaining transparency with investors.

HTCO has indicated that while the initial funding meets its immediate needs, it has not ruled out the possibility of pursuing additional financing as needed. Future decisions regarding capital sourcing will depend on ongoing assessments of operational requirements and market conditions.

Chairman Chris Nixon Cox expressed optimism about the financing, noting that it reflects robust market confidence in HTCO's long-term vision. With an eye on marine digital transformation, the company aims to drive technological advancements and optimize its capital efficiency to generate sustainable value for shareholders.

About High-Trend International Group

High-Trend International Group is recognized as a leading global player in ocean technology. Its core businesses encompass international shipping operations and initiatives aimed at achieving marine carbon neutrality, which aligns with contemporary sustainability goals.

Cautionary Notes

It is important to note that this announcement included forward-looking statements as defined by the Securities Act and the Exchange Act. These statements, marked by terms such as “may,” “could,” “expect,” and “anticipate,” are inherently uncertain and based on current expectations and assumptions of the company’s performance. The outcomes may significantly differ from those projected due to various operational risks and market factors.

Investors are encouraged to remain aware of the potential volatility in the market and not to place excessive reliance on these forward-looking statements, as the company will continue to adapt its strategies and responses based on evolving conditions.