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-0.206798866855524 -0.348441926345609 -0.362606232294618 -0.390934844192635 -0.368271954674221 -0.405099150141643 -0.405099150141643 -0.422067988668555
Stock impact report

Recon Technology Announces Pricing of Approximately $2.1 million Registered Direct Offering

Reconstruction Tech (RCON)  More Company Research Source: PR Newswire
US:NASDAQ Investor Relations: exac.com/investors
PDF BEIJING, May 22, 2020 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") announced today it has entered into a securities purchase agreement with certain accredited investors on May 21, 2020 to purchase approximately $2.1 million worth of its ordinary shares in a registered direct offering and warrants to purchase ordinary shares in a concurrent private placement. Under the terms of the securities purchase agreement, the Company has agreed to sell approximately 0.9 million ordinary shares. In a concurrent private placement, the Company has agreed to issue unregistered warrants to purchase up to approximately 0.9 million ordinary shares. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $2.25. The warrants will expire 5.5 years from the date of issuance. The purchase price for one ordinary share and a corresponding warrant will be $2.25. The gross proceeds to the Company from the registered direct offering [Read more]
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