Urban Tea (MYT) Announces Pricing of Approximately $25Million Registered Direct Offering
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/21/2026
- Wall Street sinks as bond yields rise, Walmart results disappoint
- Walmart shares fall despite earnings beat
- Alibaba stock dips as Q2 profit misses estimates despite strong AI cloud growth
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- Moderna stock pulls back after massive one-day rally: analysts weigh in
- Wall Street sinks as bond yields rise, Walmart results disappoint
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- Supermicro probe finds no senior management link to export violations
- SpaceX shares fall as second lockup period ends
- Hertz Global amends voting agreement with CK Amarillo after lawsuit
Urban Tea, Inc. Announces Pricing of Approximately $25Million Registered Direct Offering
April 28, 2021 9:15 AM EDTCHANGSHA, China, April 28, 2021 /PRNewswire/ -- Urban Tea, Inc. ("Urban Tea" or the "Company") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods headquartered in Hunan, China, announced today that it has entered into a securities purchase agreement with certain accredited investors to sell approximately $25.0 million of its ordinary shares and warrants in a registered direct offering.
Under the terms of the securities purchase agreement, Urban Tea has agreed to sell 6,950,000 ordinary shares and warrants to purchase 6,950,000 ordinary shares. The warrants will be exercisable immediately upon the... More
