Meten Holding Group Ltd. Announces $7.5 Million Registered Direct and Private Placement
Meten Holding Group Ltd. - Ordinary Shares (METX)
Company Research
Source: PR Newswire
SHENZHEN, China, Aug. 4, 2022 /PRNewswire/ -- Meten Holding Group Ltd. ("METX" or the "Company") (Nasdaq: METX), an omnichannel training company headquartered in China providing language and workplace training services and actively developing metaverse, blockchain and cryptocurrency mining businesses, today announced that it has entered into a definitive agreement with two institutional investors for the purchase and sale of 1,260,000 ordinary shares and pre-funded warrants to purchase up to 7,983,811 ordinary shares at a purchase price of $0.70 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for shares, less the exercise price of $0.001 per share.In a concurrent private placement, the Company also agreed to issue to the same investors units to purchase pre-funded warrants to purchase up to 1,470,475 ordinary shares and common warrants to purchase 21,428,572 ordinary shares at an exercise price of $0.70 per s
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