Dogness (International) Corporation Announces Agreement for a Registered Direct Placement of Approximately $ 3.96 Million of Class A Common Shares

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DONGGUAN, China, July 15, 2021 / PRNewswire / – Dogness (International) Corporation (“Dogness” or the “Company”) (NASDAQ: DOGZ), developer and manufacturer of a full line of Dogness, OEM and private label pet products, announced today that it has entered into a securities purchase agreement with certain institutional investors for a registered direct offering of approximately $ 3.96 million Class A ordinary shares at the price of $ 1.82 per share. The Company will issue a total of 2,178,120 Class A common shares to investors. The aggregate gross proceeds from the sale of the Securities, before deduction of fees payable to the Selling Agent and other estimated offering fees payable by the Company, will be approximately $ 3.96 million.

The net proceeds of this offering will be used for general working capital purposes. The end of the internship should take place on or around July 19, 2021, subject to satisfaction of the usual closing conditions.

These securities are offered by means of a prospectus supplement in accordance with the prior registration statement in effect of the Company and the base prospectus contained therein. A store registration statement relating to these securities has been filed and declared effective by the Securities and Exchange Commission (the “SEC”). A prospectus supplement relating to the Offer will be filed with the SEC.

FT Global Capital, Inc. acted as exclusive placement agent in connection with the offer.

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

For more information on this transaction, please see Form 6-K to be filed with the SEC.

About Dogness

Dogness (International) Corporation was founded in 2003 from the belief that pet dogs and cats are important and beloved members of the family. With its smart products, hygiene products, health and wellness products and leash products, Dogness is able to simplify the lifestyle of pets, make them more scientific and improve the relationship between pets and their caregivers. The company guarantees industry-leading quality through its fully integrated vertical supply chain and world-class research and development capabilities, which have resulted in more than 200 patents and pending patents. Dogness products reach families all over the world through global chain stores and distributors. For more information, please visit: ir.dogness.com.

Forward-looking statements

Nothing in this press release should be construed as an offer to buy or sell any securities. Any such offer may only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release regarding our prospects for future growth are forward-looking statements regarding our future business expectations intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those contained in these forward-looking statements. The risks and uncertainties associated with these statements include, without limitation, the risks and uncertainties regarding the lingering effects of the Covid-19 pandemic on the businesses of our customers and the disposable income of end buyers, our ability to raise capital on special terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in exchange rates, our ability to manage growth, our ability to realize income from expansion of operations and assets acquired in China and the United States, our ability to attract and retain highly qualified professionals, the concentration of customers, the concentration of industrial segments, the reduction of the demand for technology in our key areas of intervention, our ability to lead well and to integrate potential acquisitions and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future results of operations are described in more detail in our filings with the United States Securities and Exchange Commission. These sheets are available on www.sec.gov. Dogness may, from time to time, make additional written and oral forward-looking statements, including statements contained in documents filed by the Company with the Securities and Exchange Commission and in our reports to shareholders. In addition, please note that all forward-looking statements contained in this document are based on what we believe to be reasonable assumptions as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company, unless required by law.

SOURCE Dogness International Corporation

Related links

www.dogness.com

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