Haoxin Holdings Limited (NASDAQ: HXHX) entered into a $31.2 million financing transaction, consisting of a $30.0 million equity line of credit and a $1.2 million senior convertible note financing with Mermaid Money.
The equity line provides Haoxin Holdings with the ability to access up to $30.0 million of capital over time, subject to the terms and conditions of the purchase agreement, while the senior convertible note provides an initial $1.2 million investment. The proceeds are expected to support the Company’s strategic growth initiatives and general corporate purposes.
Lucosky Brookman LLP represented Mermaid Money, as investor, in connection with the transaction.
