MingZhu Logistics shares jump 13.82% premarket after completing $8M direct offering to strengthen capital base.

MingZhu Logistics surged 13.82% in premarket trading following the completion of an $8 million registered direct offering. The company sold 8 million units at $1.00 per unit to institutional investors, with each unit consisting of one ordinary share or a pre-funded warrant. This capital raise, facilitated by Univest Securities, strengthens the firm’s financial position and aligns with its strategy to enhance its capital base. The news directly correlates with the sharp premarket rally, reflecting investor optimism about the funding’s potential to support operational growth or debt reduction.