Latest news with #ITP
Associated Press
13-05-2025
- Business
- Associated Press
IT TECH PACKAGING ANNOUNCES PRICING OF $1.4 MILLION PUBLIC OFFERING
BAODING, China, May 13, 2025 /PRNewswire/ -- IT Tech Packaging Inc. (NYSE American: ITP) ('IT Tech Packaging' or the 'Company'), a leading manufacturer and distributor of diversified paper products in North China, today announced the pricing of a public offering of 6,899,500 shares of its common stock at a price to the public of $0.20 per share. The gross proceeds from the offering to IT Tech Packaging are expected to be approximately $1.4 million, before deducting offering fees and expenses. The offering is expected to close on May 14, 2025, subject to customary closing conditions. Maxim Group LLC is acting as the sole placement agent for the offering. IT Tech Packaging intends to use the net proceeds of this offering for working capital and other general corporate purposes. A shelf registration statement relating to the shares of common stock offered in the public offering described above was filed with the Securities and Exchange Commission ('SEC') on April 3, 2023, and declared effective by the SEC on April 14, 2023. The offering is being made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A preliminary prospectus supplement and accompanying prospectus relating to the offering has been filed with the SEC and is available on the SEC's website at A final prospectus supplement and accompanying prospectus will be filed with the SEC. When available, copies of the final prospectus supplement and the accompanying prospectus may also be obtained by contacting Maxim Group LLC at 300 Park Avenue, 16th Floor, New York, New York, telephone (212) 895-3745 or by email at [email protected]. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities being offered, nor shall there be any sale of the securities being offered in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About IT Tech Packaging, Inc. Founded in 1996, IT Tech Packaging, Inc. is a leading manufacturer and distributor of diversified paper products in North China. Using recycled paper as its primary raw material (with the exception of its tissue paper products), ITP produces and distributes three categories of paper products: corrugating medium paper, offset printing paper and tissue paper products. With production based in Baoding and Xingtai in North China's Hebei Province, ITP is located strategically close the Beijing and Tianjin region, home to a growing base of industrial and manufacturing activities and one of the largest markets for paper products consumption in the country. ITP has been listed on the NYSE American since December 2009. For more information, please visit: Forward-Looking Statements Certain statements made herein are 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as 'anticipate', 'believe', 'expect', 'estimate', 'plan', 'outlook', and 'project' and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include timing of the proposed transaction; the business plans, objectives, expectations and intentions of the parties once the transaction is complete, and ITP's estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. Additional information concerning these and other factors that may impact our expectations and projections will be found in our periodic filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. ITP's SEC filings are available publicly on the SEC's website at ITP disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. Contacts: At the Company Email: [email protected] Tel: +86 0312 8698215 View original content: SOURCE IT Tech Packaging, Inc.
The Hindu
09-05-2025
- Business
- The Hindu
Project to operate passenger ships to Gulf from Kerala runs into rough weather
Kerala's attempt to launch a passenger ship service to the Gulf countries from the State has run into rough weather, as the company that evinced interest in the project has sought time to acquire vessels suited for the service for over a year. The State had been trying to start passenger cruise ship services to the UAE to transport large numbers of overseas travellers, especially during the festive season, to minimise the impact of the predatory pricing of the airlines operating in the sector. As per the bid floated by the Kerala Maritime Board (KMB), the nodal agency of the project on March 7, 2024 two companies had evinced interest in the project — for 'operation of passenger ships/cruises/vessels connecting West Asia/ GCC with Kerala' utilising the port infrastructure in Kerala. Subsequently, a meeting was also held on August 6, 2024, between KMB and the Shipping Corporation of India (SCI) with the presence of two prospective bidders to discuss the technical aspects of the project. However, the interested bidders are yet to acquire suitable vessels for the service, according to the Ministry of Ports, Shipping and Waterways. Speaking to The Hindu, N.S. Pillai, chairman of the KMB, said the talks with a company named White Shipping based in Chennai were hopeful, and the shipping company has sought time to acquire a ship for the project. However, the company has not yet communicated to the KMB on the status of their search for ships, said Mr. Pillai. The KMB's role will be to provide berthing and passenger terminal facilities, along with the infrastructure essential for operations – upon payment of necessary charges. The operator should provide the cruise/passenger ship service, viz., all aspects of acquisition of vessels or leasing, operations including staffing, safety, vessel maintenance, logistics and marketing, etc. Hopeful of comeback Though the project has been delayed, the KMB is hopeful that it could be brought back on track, taking account of the huge diaspora from the State, especially in the UAE, which alone is has around 19 lakh Keralites. The cruise ship services will blend affordable travel along with a luxury cruise experience accompanied by entertainment facilities onboard the ship — in a bid to woo blue-collar workers and premium cruise travellers. The State government had earlier taken the initiative to press in charter flights to bring expats back to Kerala during the festive season and sought permission from the Centre to operate chartered flights between the UAE and India, adhering to the stipulated CAR (Civil Aviation Requirements) of 30 days under ITP (International Travel Permits) provisions. However, after a few rounds of discussions with airlines operating in the sector, the project hit an air pocket.
Medscape
08-05-2025
- Health
- Medscape
Fast Five Quiz: Immune Thrombocytopenia Complications
Purpura is a significant symptom of immune thrombocytopenia (ITP) and is associated with a number of complications beyond bleeding. Understanding these complications is critical as many persist even after platelet counts normalize or remission is achieved. Additionally, treatment strategies such as splenectomy or thrombopoietin receptor agonists carry their own long-term risks, making careful monitoring and management essential. What do you know about the complications of ITP? Check your knowledge with this quick quiz. Medscape © 2025 WebMD, LLC Any views expressed above are the author's own and do not necessarily reflect the views of WebMD or Medscape. Cite this: Fast Five Quiz: Immune Thrombocytopenia Complications - Medscape - May 08, 2025.
Medscape
08-05-2025
- Health
- Medscape
Fast Five Quiz: Immune Thrombocytopenia Pathophysiology
Immune thrombocytopenia (ITP) is an acquired or congenital autoimmune disorder that destroys platelets, leading to a range of symptoms including purpura and excessive bleeding. Although most cases are self-limiting, it can cause severe bleeding and intracranial hemorrhage and can have either primary or secondary etiology. Although the primary mechanism has been known since the 1950s, more recent research has shed light on the specific pathophysiology of the disease. What do you know about the pathophysiology of ITP? Check your knowledge with this quick quiz. Medscape © 2025 WebMD, LLC Any views expressed above are the author's own and do not necessarily reflect the views of WebMD or Medscape. Cite this: Fast Five Quiz: Immune Thrombocytopenia Pathophysiology - Medscape - May 08, 2025.
BBC News
08-05-2025
- Sport
- BBC News
Turner aims for World Ironman after battling illness
Jersey triathlete Ollie Turner hopes he can put illness behind him and qualify for the Ironman World 26-year-old, who has raced for the island at the past two Commonwealth Games, is heading to Shanghai to race in the 70.3 Ironman event on 25 May, one of the qualifying events, external for the World Championship in Nice in comes just a few months after the Cardiff-based athlete was diagnosed with a serious blood found out he was suffering from Immune Thrombocytopenic Purpura, external (ITP), which lowers the amount of platelets in your blood, which are vital for clotting."It's where my body is killing my own platelets and my platelets were mega low, they were down at 14,000 and the average is between 150,000 and 450,000," Turner explained."Surprisingly I was not hugely symptomatic, I was just tired if anything, but the doctors told me I wasn't safe to do anything risky at all."I had to take a little bit of time away from the sport, but luckily with the support of the NHS and the haemophilia team in Cardiff, I've managed to get myself back up pretty quick."Turner finished 15th for Jersey at the last Commonwealth Games in Birmingham, four years after coming home 26th on the Gold Coast when he was just recovered from his illness, he is hopeful he can have a strong season in 2025."My platelets are back up, my energy levels are back up and training has been really going well over the last month or so," he added."I'm really, really excited to start my season. The shape's coming together and I'm looking forward to hopefully a successful 2025."
