FangDD Announces US$2.5 Million Registered Direct Offering of Class A Ordinary Shares
SHENZHEN, China, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or the "Company"), a customer-oriented property technology company in China, today announced that it has entered into a securities purchase agreement with certain investors (the "Purchase Agreement") for the issuance and sale by the Company of 1,612,902 Class A ordinary shares ("Class A Ordinary Shares"), at a price of US$1.55 per share, in a registered direct offering.
The Purchase Agreement contains representations, warranties and other provisions customary for transactions of this nature. The offering is expected to close on or about October 2, 2024, subject to the satisfaction of customary closing conditions. FangDD intends to use the net proceeds from this offering for general corporate purposes. The Company has engaged MM Global Securities, Inc. as its exclusive placement agent in connection with this offering.
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Jaguar8
OP
151099383
:
You will base it on the type of business it conducts. And also, this is in China where 2.5M USD is already huge amount for that type of business.
Amy520520 : What does it mean?
Jaguar8 OP Amy520520 : Dilution of shares
Amy520520 : Will it fall sharply?
Jaguar8 OP Amy520520 : The offering is at 1.55 per share
chillweapon : 1.61 million shares, not much, isn't it?
George Soros II Amy520520 : Sell asap, it will go deeper
151099383 : What can you do with 2.5 million US dollars?
Jaguar8 OP chillweapon : It’s outstanding shares is 6M so it is a considerable amount
Jaguar8 OP 151099383 : You will base it on the type of business it conducts. And also, this is in China where 2.5M USD is already huge amount for that type of business.
Amy520520 George Soros II : 谢谢
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