Summary by Moomoo AI
GDS Holdings Limited announced amendments to its Series A Preferred Share Subscription Agreement on June 7, 2024. The changes include the addition of two new investors: SBCVC Fund VI, L.P. and Harvest Dall Pte Ltd. The company's authorized share capital will be US$50,000.0001, consisting of 932,800,002 Ordinary Shares and 67,200,000 Series A Preferred Shares.The agreement terminates the previously established Project Transfer Agreement between GDS and DigitalLand Holdings Limited. Both parties agree to negotiate and finalize amendment agreements related to certain redacted matters. GDS and DigitalLand confirm that neither they nor their subsidiaries have entered into any contracts requiring purchase, payment, or other obligations regarding the redacted items.The amended agreement adjusts investor representations, warranties, and covenants. It also modifies various sections, including those related to notices, amendments, and governing law. The changes aim to streamline the investment process and accommodate the new investors while maintaining the core structure of the original agreement.
