China Advanced Construction Materials Group, Inc. (Nasdaq: CACD), a leading provider of ready-mix concrete in China, recently shared the filing of a Form S-3 shelf registration statement with the Securities and Exchange Commission.
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Once the shelf registration statement is declared effective by the SEC, the Company may offer and sell its securities from time to time in the future. This registration statement will provide the Company with additional flexibility to raise capital, depending on favorable market conditions. At present, however, China ACM does not currently have any commitments to sell securities. Unless otherwise specified in the applicable prospectus supplement, the net proceeds from any offering under the registration statement would be used for general corporate purposes, including capital for the deployment of additional portable plants. China ACM, founded in 2002 and based in
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