PLANO, Texas , Oct. 16, 2024 /PRNewswire/ -- Dogness (International) Corporation ("Dogness" or the "Company") (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, today announced its financial results for the fiscal year ended June 30, 2024. Silong Chen, Chief Executive Officer of Dogness, commented: "We continue to face challenges due to intense competition in the domestic market and the ongoing trade dispute between China and the United States, which are impacting and will likely continue impacting our domestic and export sales in the near future.
Dogness (International) Corporation announced that it completed a Private Placement, raising $5.0 million by selling 2,000,000 Class A common shares at $2.50 per share to various purchasers. The transaction took place on May 9, 2024, through a securities purchase agreement with non-U.S. purchasers.