Agm group holdings inc. announces closing of $5.4 million offering

Beijing, march 04, 2025 (globe newswire) -- agm group holdings inc. (“agm holdings” or the “company”) (nasdaq: agmh), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, today announced the closing of its offering of 16,390,000 class a ordinary shares and accompanying warrants to purchase up to an aggregate of 16,390,000 class a ordinary shares at a combined offering price of $0.33. the warrants will expire on the fifth anniversary from the date of issuance, will be exercisable immediately at an initial exercise price of $0.33 per share, subject to adjustment upon a one-time reset on the reset date (as described in the warrants), and subject to a floor price described therein. the warrants may also be exercised on an alternative cashless basis pursuant to which the holder may exchange each warrant for 1.2 class a ordinary shares.
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