LightInTheBox Holding Co., Ltd. completed a private placement on August 10, 2026, raising approximately $5.49 million in gross proceeds. The company issued 21,397,409 ordinary shares at $0.2566667 per share ($3.08 per ADS). Chairman and CEO Jian He invested approximately $1.09 million through Conner Growth Holding Limited, increasing his beneficial ownership to roughly 24.1% of outstanding ordinary shares. Proceeds will strengthen financial flexibility and accelerate a strategic transformation toward an AI-enabled consumer platform, focusing on product discovery, personalization, and operational infrastructure. LightInTheBox operates as a global direct-to-consumer e-commerce company offering lifestyle products and services.
