Ebang international announces closing of follow-on public offering
Hangzhou, china, april 06, 2021 (globe newswire) -- ebang international holdings inc. (nasdaq: ebon, the “company,” “we” or “our”), a blockchain technology company in the global market, today announced the closing of its previously announced best-efforts follow-on public offering for the sale of 14 million units offered for sale by the company, at a purchase price of us$6.10 per unit, for aggregate gross proceeds of approximately us$85.4 million, pursuant to the terms of a securities purchase agreement executed by the company and certain institutional investors, dated march 31, 2021 (the “offering”). each unit consists of one class a ordinary share and one warrant to purchase one-half of one class a ordinary share of the company. each two warrants have an exercise price of us$6.59 per class a ordinary share. the units, the warrants, and the class a ordinary shares underlying the units and the warrants have been registered pursuant to a registration statement declared effective by the u.s. securities and exchange commission (the “sec”) on march 31, 2021.
EBON Ratings Summary
EBON Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission