Aixin Life International, which sells nutritional and wellness products in China, filed on Friday with the SEC to raise up to $58 million in a Nasdaq uplisting. It is currently listed on the OTC under the symbol "AIXN".
The company states that it manufactures and sells premium-quality nutritional products and wellness supplements, including herbs and greens, traditional Chinese remedies, probiotics, and foods and drinks. It also offers products purchased from third parties in each of its nine pharmacies located in Chengdu, China as well as provides advertising and marketing services to its clients. In July 2021, Aixin Life International acquired a hotel located in Chengdu that features 108 guest rooms and other supporting facilities.
The Chengdu, China-based company was founded in 2001 and booked $2 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol AIXN. Network 1 Financial Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
