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0.0348521639765747 0.0348521639765747 0.0284245107841737 0.0127124696471933 0.0127124696471933 0 0.0141408370232823 -0.000142836737609056
Stock impact report

TD Holdings, Inc. Announces $45.5 Million Private Placement

TD Holdings, Inc. (GLG) 
Company Research Source: PR Newswire
SHENZHEN, China, Nov. 11, 2021 /PRNewswire/ -- TD Holdings, Inc. (Nasdaq: GLG) (the "Company"), a commodities trading service provider in China, today announced that it has entered into a securities purchase agreement (the "SPA") with two of its affiliates and certain accredited investors for a private placement of approximately $45.5 million of its restricted common stock.Pursuant to the securities purchase agreement dated November 5, 2021, the Company has agreed to sell up to 65,000,000 shares of its restricted common stock, par value $0.001 per share at a purchase price of $0.70 per share. The offering was priced at a premium to the Company's closing stock price of $0.679 per share on November 5, 2021, the date of the agreement. The Company intends to use the proceeds for its working capital and general corporate purposes. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or Show less Read more
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