Datasea Inc. Announces Closing of $2.25 Million Registered Direct Offering (Nasdaq: DTSS)

Beijing, July 3, 2024 (PRNewswire) – Datasea Inc., (Nasdaq: DTSS) (“Datasea” or the “Company”), a Nevada corporation engaged in innovative businesses in high-tech intelligent acoustics and 5G-Artificial Intelligence (“AI”) multimodal communication technology in the United States and China, today announced the closing of its previously announced registered direct offering with a certain institutional investor, pursuant to which the Company sold 692,308 shares of its common stock (or common stock equivalents in lieu thereof) at an offering price of $3.25 per share of common stock (or common stock equivalents in lieu thereof) in a registered direct offering. The Crone Law Group P.C. represented EF Hutton LLC, the exclusive placement agent in connection with the offering.