Ucloudlink group inc. announces early redemption of convertible debenture

Hong kong, oct. 28, 2022 (globe newswire) -- ucloudlink group inc. (“ucloudlink” or the “company”) (nasdaq: ucl), the world's first and leading mobile data traffic sharing marketplace, today announced that it has conducted a privately negotiated transaction with the holder of its existing convertible debenture issued on january 6, 2022 (the “convertible debentures”) to redeem us$1,000,000 principal amount of the convertible debentures for an aggregate redemption amount of us$1,053,384, including accrued and unpaid interest. the holder of the convertible debentures has, from time to time, converted all of the remaining amount of the convertible debentures. following the redemption, the company has nil outstanding amount of the convertible debentures. the company currently has 244,686,120 class a ordinary shares and 122,072,980 class b ordinary shares outstanding.
UCL Ratings Summary
UCL Quant Ranking