Reported Earlier, XChange TEC.INC Entered Into A Securities Purchase Agreement With VG Master Fund SPC, Pursuant To Which The Co May From Time To Time Sell VG Up To $25M Of ADSs With Each ADS Representing 600,000 Of The Company's Class A Ordinary Shares
Reported Earlier, XChange TEC.INC Entered Into A Securities Purchase Agreement With VG Master Fund SPC, Pursuant To Which The Co May From Time To Time Sell VG Up To $25M Of ADSs With Each ADS Representing 600,000 Of The Company's Class A Ordinary Shares
XChange TEC.INC (NASDAQ:XHG) (the "Company"), today announced that on September 24, 2024, the Company entered into a Securities Purchase Agreement with VG Master Fund SPC ("VG") pursuant to which the Company may from time to time sell VG up to $25.0 million of American Depositary Shares ("ADSs") with each ADSs representing 600,000 of the Company's Class A Ordinary Shares. The timing of any such sales, are solely at the Company's option, and the Company is under no obligation to sell any securities to VG under the Purchase Agreement.
XChange TEC.INC (纳斯达克:XHG)（"公司"），今天宣布于2024年9月24日，公司与VG Master Fund SPC（"VG"）签订了一份证券购买协议，根据该协议，公司可以随时向VG卖出高达$2500万美国存托股（"ADSs"），每个ADS代表公司60万股A类普通股。任何此类销售的时间完全由公司自行决定，并且公司没有义务根据购买协议向VG出售任何证券。
The offering and sale of the ADSs by the Company to VG pursuant to the Purchase Agreement has been registered pursuant to a prospectus supplement, which was filed by the Company with the Securities and Exchange Commission (the "SEC") on September 24, 2024, to a shelf registration statement on Form F-3 (File No. 333-258187), which was filed with the SEC on September 29, 2022 and declared effective on October 26, 2022.
公司根据购买协议向VG提供并出售ADSs已根据补充招股说明书进行注册，该说明书由公司于2024年9月24日向证券交易委员会（"SEC"）提交，提交形式为F-3表格（文件编号333-258187），该表格于2022年9月29日向SEC提交并于2022年10月26日生效。
