Sino-Global announces closing of approximately $ 13.6 million registered direct placement

ROSLYN, NY, Feb. 10, 2021 / PRNewswire / – Sino-Global Shipping America, Ltd. (NASDAQ: SINO) (“Sino-Global”, the “Company” or “SINO”), a global shipping and freight company not based on asset-based integrated logistics solutions provider, today announced the closing of its previously announced recorded direct offer and its simultaneous private placement with certain investors qualified to purchase a total of $ 13,599,792.50 its common shares and warrants.

Maxim Group LLC acted as sole placement agent for the offering.

After deducting the placement agent’s commission and other estimated offering costs payable by Sino-Global, the net proceeds of the Company were approximately $ 12.3 million. Sino-Global intends to use the net proceeds of the offering for working capital and other general corporate purposes.

The ordinary shares sold under the registered direct offering were sold in accordance with an in-store registration statement on Form S-3 (File No. 333-222098), previously filed with the Securities and Exchange Commission ( the “SEC”) on Dec. 15, 2017 and declared in force on February 16, 2018. A dated prospectus supplement February 6, 2021 and the accompanying prospectus relating to and describing the terms of the registered direct offer was filed with the SEC on February 8, 2021. The warrants, sold as part of the Concurrent Private Placement, along with the underlying common stock, have not been registered under the Securities Act of 1933, as amended. Copies of the prospectus supplement and accompanying prospectus relating to the registered direct offering can be obtained from the SEC website or by contacting Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, New York State 10174, at (212) 895-3500.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. before registration or qualification. under the securities laws of any such state or jurisdiction.

About Sino-Global Shipping America, Ltd.

Founded in United States in 2001, Sino-Global Shipping America, Ltd. is a company specializing in maritime transport, chartering, logistics and related services. Based at new York, Sino-Global has offices in Los Angeles, Mainland China, Australia, Canada and Hong Kong. The Company’s current service offerings include shipping agency services, shipping and charter services, inland transportation management services and vessel management services. Additional information about Sino-Global is available on the company’s website at The Company regularly posts important information on its website.

Forward-looking statements

Certain statements made herein are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook” and “project” and other similar expressions which predict or indicate future events or trends or which are not statements of historical matters. forward-looking includes the timing of the proposed transaction; the business plans, goals, expectations and intentions of the parties upon completion of the transaction, and SINO’s estimated and future operating results, business strategies, competitive position , industry environment and potential growth opportunities. These forward-looking statements reflect the current analysis of existing information and are submitted its at various risks and uncertainties. Therefore, caution should be exercised in relying on forward-looking statements. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors. Except as required by securities laws, the Company assumes no obligation to update these forward-looking statements.

The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: There is uncertainty as to the spread of the COVID-19 virus and the impact it will have on operations of SINO, the demand for SINO’s products and services, global supply chains and general economic activity. These and other risks and uncertainties are detailed in other public documents filed with the SEC by SINO.

Additional information regarding these and other factors that may affect our expectations and projections will be available in our periodic filings with the SEC, including our annual report on Form 10-K for the year ended 30 June 2020. Documents filed by SINO with the SEC are publicly available. on the SEC’s website at SINO disclaims any obligation to update forward-looking statements, whether as a result of new information, future events or otherwise.

For more information please contact:
Tuo Pan
Interim Chief Financial Officer
[email protected]


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SOURCE Sino-Global Shipping America, Ltd.

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