Fangdd announces us$5,000,000 senior convertible notes offering

Shenzhen, china, feb. 11, 2025 (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 offering by the company of (i) senior 5% original issue discount convertible promissory notes in an aggregate principal amount of us$5,000,000 (the “notes”), (ii) class a ordinary shares, par value us$0.0005625 per share, issuable from time to time upon conversion under the notes, and (iii) additional 164,610 class a ordinary shares in connection with the issuance of the notes.
DUO Ratings Summary
DUO Quant Ranking