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Stock impact report

China Bat Group, Inc. Announces Pricing of Approximately $1.5 Million Registered Direct Offering

TD Holdings, Inc. (GLG)  More Company Research Source: GlobeNewswire
PDF NEW YORK, May 21, 2019 (GLOBE NEWSWIRE) -- China Bat Group, Inc. (the “Company”) (NASDAQ:GLG), an emerging used luxurious car rental service provider headquartered in Beijing, China, announced today it has entered into a securities purchase agreement with certain accredited investors to purchase approximately $1.5 million worth of its common stock in a registered direct offering and warrants to purchase common stock in a concurrent private placement. Under the terms of the securities purchase agreement, the Company has agreed to sell 1.44 million shares of its common stock. In a concurrent private placement, the Company has agreed to issue unregistered warrants to purchase up to approximately 1.08 million shares of common stock. The warrants will be exercisable after 6 months of the date of issuance and have an exercise price of $1.32. The warrants will expire 5.5 years from the date of issuance. The purchase price for one share of common stock and a corresponding warrant wil [Read more]
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