HF Foods terminates $100 million equity offering program
On September 24, HF Foods Group Inc., a Las Vegas-based company, announced the termination of its $100 million equity offering program and associated sales agreement. The decision came into effect the following day. The company had previously terminated its Sales Agreement with D.A. Davidson & Co. and Roth Capital Partners, LLC.
The termination of this program effectively ended the company's ability to sell shares of its common stock through an at-the-market offering, with the potential to generate up to $100 million in gross proceeds. HF Foods specializes in distributing international foodservice solutions to businesses across North America, with a particular focus on Asian restaurants and other foodservice establishments.
The company's product range includes fresh produce, frozen and dry food items, as well as non-food products.
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