Shares of Eshallgo Inc. (EHGO) are having a big day Wednesday, jumping more than 66% after the company announced a $750,000 registered direct offering. The stock, which trades as a low-float micro-cap, is no stranger to wild price swings — limited public float means even modest buying or selling pressure can send shares flying or diving.
The Shanghai-based company, which provides office technology and AI-enabled enterprise solutions, said Tuesday it priced the offering with institutional investors. The deal involves the sale of 750,000 Class A ordinary shares (or pre-funded warrants in lieu of shares) at $1.00 per share. Gross proceeds are expected to be about $750,000 before fees and expenses, with the transaction expected to close on or around July 1, 2026.
Univest Securities LLC is acting as sole placement agent.
Eshallgo, headquartered in Shanghai, offers integrated hardware, printing, software, and support services for small and midsize businesses. In 2025, the company expanded into enterprise AI, focusing on document management, workflow automation, smart procurement, and secure collaboration.
As of publication, EHGO shares were trading at $2.16, up 66.54% on the day, according to market data.
