India, Oct. 13 -- On Tuesday, Origin Agritech Limited (SEED), a Chinese agricultural technology company, received the full $2.8 million from its previously announced private placement of 2 million ordinary shares at $1.40 per share. The company has issued all shares to three investors under agreements dated February 1, 2026.
The placement included no warrants or placement agent fees, allowing nearly all proceeds to go to the business.
The funds add to Origin's resources following the sale of its Xinjiang Originbo subsidiary and leaseback of its seed production facility, which preserves production capacity and key personnel.
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