Mingzhu logistics holdings limited announces closing of $20 million registered direct offering

Shenzhen, china, march 12, 2021 /prnewswire/ -- mingzhu logistics holdings limited (nasdaq: ygmz) (the "company"), a china-based trucking services provider, today announced that it has closed a registered direct offering of an aggregate of 3,333,335 units of its securities (each, a "unit"), with each unit consisting of (i) one ordinary share of the company, par value $0.001 per share, and (ii) one warrant to purchase 0.75 ordinary share (together, the "warrants"), at a price of $6.00 per unit for aggregate gross proceeds of $20 million. after deducting the placement agent's commission and other offering expenses payable by the company, the net proceeds to the company is approximately $18 million.
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