IT Tech Packaging Responds to Unusual Market Activity
PorAinvest
jueves, 11 de septiembre de 2025, 9:22 am ET1 min de lectura
ITP--
IT Tech Packaging produces corrugating medium paper, offset printing paper, and tissue paper products using recycled paper as its primary raw material. The company's operations are primarily conducted through its subsidiaries and contractual arrangements with Hebei Baoding Dongfang Paper Milling Company Limited, a People’s Republic of China company, referred to as the variable interest entity (VIE) [2].
The company's recent financial performance has shown mixed results. In the third quarter of 2024, revenue increased by 59.03% to $25.08 million, driven by higher sales volume of corrugating medium paper (CMP). However, the company reported a net loss of $1.97 million, or $0.20 per share, and EBITDA increased to $2.03 million from $1.69 million .
IT Tech Packaging has also announced a public offering of 6,899,500 shares of its common stock at $0.20 per share, expected to raise approximately $1.4 million in gross proceeds. The offering is set to close on May 14, 2025, with Maxim Group LLC serving as the sole placement agent .
The company's stock price has been volatile, with the current stock price as of September 8, 2025, being $0.204 . The market capitalization of IT Tech Packaging is approximately 3.5M .
IT Tech Packaging encourages investors to monitor the company's official announcements and financial disclosures for any updates related to unusual market activity or other significant developments.
IT Tech Packaging, a leading manufacturer and distributor of diversified paper products in North China, has issued a response to unusual market activity in its common stock on the NYSE American. The company has made inquiries and found no material development in its business or affairs that could account for the unusual market action. IT Tech Packaging produces corrugating medium paper, offset printing paper, and tissue paper products using recycled paper as its primary raw material.
IT Tech Packaging Inc. (NYSE American: ITP), a leading manufacturer and distributor of diversified paper products in North China, has issued a statement addressing unusual market activity in its common stock on the NYSE American. The company has conducted an inquiry and determined that no material development in its business or affairs could account for the unusual market action [1].IT Tech Packaging produces corrugating medium paper, offset printing paper, and tissue paper products using recycled paper as its primary raw material. The company's operations are primarily conducted through its subsidiaries and contractual arrangements with Hebei Baoding Dongfang Paper Milling Company Limited, a People’s Republic of China company, referred to as the variable interest entity (VIE) [2].
The company's recent financial performance has shown mixed results. In the third quarter of 2024, revenue increased by 59.03% to $25.08 million, driven by higher sales volume of corrugating medium paper (CMP). However, the company reported a net loss of $1.97 million, or $0.20 per share, and EBITDA increased to $2.03 million from $1.69 million .
IT Tech Packaging has also announced a public offering of 6,899,500 shares of its common stock at $0.20 per share, expected to raise approximately $1.4 million in gross proceeds. The offering is set to close on May 14, 2025, with Maxim Group LLC serving as the sole placement agent .
The company's stock price has been volatile, with the current stock price as of September 8, 2025, being $0.204 . The market capitalization of IT Tech Packaging is approximately 3.5M .
IT Tech Packaging encourages investors to monitor the company's official announcements and financial disclosures for any updates related to unusual market activity or other significant developments.
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