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Stock Market & Financial Investment News

News Breaks
September 6, 2012
06:06 EDTCJJDChina Jo-Jo Drugstore receives delisting notice from NASDAQ
China Jo-Jo Drugstores announced that on August 31, it was notified by The NASDAQ Stock Market, notifying it of its failure to maintain a minimum closing bid price of $1.00 over the then preceding 30 consecutive trading days for its common stock. The company has until February 27, 2013, to regain compliance. The company intends to actively monitor the bid price for its common stock between now and February 27, 2013, and will consider available options to resolve the deficiency and regain compliance with the minimum bid price requirement.
News For CJJD From The Last 14 Days
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July 20, 2015
08:31 EDTCJJDChina Jo-Jo Drugstore to purchase $3M of common stock in registered offering
China Jo-Jo Drugstores announced that it has entered into definitive agreements with a single health-care focused institutional investor to purchase an aggregate of $3M of its common stock in a registered direct offering at $2.50 per share. Additionally, for each share of common stock purchased, the investor will receive a Warrant to purchase one-half of a share of the Company's common stock at an exercise price of $3.10 per share, which shall be initially exercisable six months following issuance and expire five years from the date of issuance. The closing of the offering is expected to take place on or about July 23, 2015, subject to the satisfaction of customary closing conditions.

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