Dogness (International) Corp
For the period ended May 8, 2025. Filed May 8, 2025.
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May 8, 2025 · Filed May 8, 2025
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Explanatory Note:
On May 6, 2025, Dogness (International) Corporation (“Dogness” or the “Registrant”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with various purchasers (the “Purchasers”), pursuant to which the Registrant agreed to issue and sell to the Purchasers and the Purchasers agreed to purchase from the Registrant, an aggregate of 1,200,000 Class A common shares, without par value (the “Shares”) of the Registrant, at a price of US$5.00 per share for aggregate gross proceeds of US$6,000,000 (the “Transaction”).
The Shares are being sold in a transaction exempt from registration under the Securities Act of 1933, as amended, in reliance on Regulation S thereunder. Each Purchaser understands that the Shares have not been registered under the Securities Act and will not sell or otherwise dispose of the Shares without registration under the Securities Act, and under applicable state securities or “Blue Sky” laws, or pursuant to an exemption therefrom. No placement agent was involved in the Transaction.
A copy of the Securities Purchase Agreement is attached as Exhibit 10.1 to this report and is incorporated herein by reference. The foregoing summary of the Securities Purchase Agreement is qualified in its entirety by reference to such exhibit.
On May 8, 2025, the Company issued a press release announcing the Transaction. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
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