TD Holdings, Inc. Announces Exercise of Warrants for An Aggregate of 808,891 Shares of Common Stock
TD Holdings, Inc. (GLG)
Company Research
Source: PR Newswire
SHENZHEN, China, March 10, 2021 /PRNewswire/ -- TD Holdings, Inc. (Nasdaq: GLG) (the "Company"), a commodities trading service provider in China, today announced a waiver and warrant exercise agreement by the Company and several accredited investors, pursuant to which certain accredited investors agreed to cashlessly exercise all the outstanding warrants to purchase up to an aggregate of 100,000 shares of common stock issued by the Company on May 23, 2019 (the "May Warrants") and the warrants to purchase up to an aggregate of 1,530,000 shares of common stock issued by the Company on April 15, 2019 (the "April Warrants"), and the Company agreed to waive the obligation of such investors to pay certain portion of the exercise price of the warrants.In accordance with the waiver and warrant exercise agreement, Company will waive $0.37 per share for each of the May Warrants, and waive $1.03 per share for each of the April Warrants. The investors will cashlessly exercise all the outstanding
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