IPO - SHINECO, INC.

Form Type: S-1/A

Filing Date: 2025-03-13

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225010206

Filing Summary: This document is an amendment to the Form S-1 registration statement filed by Shineco, Inc. on March 13, 2025, indicating the registration of up to 15,000,000 shares of common stock for sale by selling stockholders. The shares were issued pursuant to a Securities Purchase Agreement dated December 24, 2024, and will not involve the company receiving any proceeds from these sales. The potential offering is subject to various risks including legal and operational uncertainties associated with operations in China, the impact of PRC regulations on overseas listings, and the risks related to currency exchange controls. Furthermore, Shineco emphasizes that it is a holding company with no direct operations of its own but functions through its subsidiaries in China. The prospectus highlights the high degree of risk associated with the securities being offered and outlines the potential effects of recent Chinese governmental regulations on their business operations and stock listing status.

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