Recon Technology (RCON) Prices $2.1M Registered Direct Offering
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Recon Technology Announces Pricing of $2.1 million Registered Direct Offering
June 26, 2020 9:00 AM UTC
BEIJING, June 26, 2020 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") announced today it has entered into a securities purchase agreement with certain accredited investors on June 26, 2020 to purchase $2.1 million worth of its ordinary shares in a registered direct offering and warrants to purchase ordinary shares in a concurrent private placement.
Under the terms of the securities purchase agreement, the Company has agreed to sell 1.68 million ordinary shares. In a concurrent private placement, the Company has agreed to issue unregistered... More
