Hebron Technology Co., Ltd. Announces Closing of Private Placement for $6.5 Million
HEBRON TECH CO LTD COMMON SHARES (HEBT)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/hebron-technology-co-ltd-reports-financial-results-for-the-first-half-of-2017-300576174.html
Company Research
Source: PR Newswire
WENZHOU, China, May 1, 2020 /PRNewswire/ -- Hebron Technology Co., Ltd. ("Hebron" or the "Company") (Nasdaq: HEBT), a technology oriented enterprise group conducting business in the pharmaceutical equipment and engineering industry segment and financial services industry segment, today announced it has closed a previously announced private placement, in which the Company sold to two private investors an aggregate of 1,048,932 Class A common shares, par value $0.001 per share, at a price of $6.21 per share for total aggregate gross proceeds of approximately $6.5 million. On December 6, 2019, the Company entered into a share purchase agreement ("SPA") with the two private investors for the aforementioned placement offering. The closing of the SPA was based on completion of all closing conditions, which was delayed because of the Chinse New Year holiday, the outbreak of COVID-19 in China and government imposed quarantines, office closings and travel restrictions affecting the Company and
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