 BEIJING, July 22, 2021 GLOBE NEWSWIRE -- Datasea Inc. NASDAQ: DTSS Datasea, a technology company engaged in providing smart security solutions, smart hardware and education-related technologies in China, announced today that it has closed a registered direct offering with certain institutional investors of 2,436,904 shares of its common stock at a purchase price of 3.48 per share for the gross proceeds of approximately 8.48 million, before payment of commissions and expenses. In a concurrent private placement, for each share of common stock purchased by an investor, such investor will receive from the Company an unregistered warrant to purchase 0.45 of a share of common stock. The warrants have an exercise price of 4.48 per share, are exercisable on the date of issuance, and expire two and one-half years from the date of issuance. 