Fangdd Network (DUO) Prices $4.5M Offering at 0.88/sh
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FangDD Announces Pricing of US$4.5 Million Registered Direct Offering
October 10, 2024 2:05 PM EDTSHENZHEN, China, Oct. 10, 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 US$4.5 million of Class A ordinary shares (or pre-funded warrants in lieu thereof), at a price of US$0.88 per share (or US$0.8794375 per pre-funded warrant), in a registered direct offering.
The Purchase Agreement contains representations, warranties and other provisions customary... More
