500.com Limited Receives 356.04342 Bitcoins and Announces Closing of Private Placement
500. COM LTD (WBAI)
US:NYSE Investor Relations:
500.investorroom.com
Company Research
Source: PR Newswire
SHENZHEN, China, Feb. 23, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a China-based enterprise committed to developing cryptocurrency mining businesses, today announced the closing of its previously announced private placement transaction pursuant to the definitive share subscription agreement with Good Luck Information Technology Co., Limited ("Good Luck Information") entered into on December 21, 2020. The Company has received 356.04342 Bitcoins and US$11.5 million in cash from Good Luck Information, and the Company has issued 85,572,963 newly issued Class A ordinary shares to Good Luck Information. The 356.04342 Bitcoins is the equivalent of US$11.5 million at the Bitcoin to U.S. dollars exchange rate fixed on January 21, 2021 at US$32,326.29 to one Bitcoin.About 500.com Limited500.com Limited (NYSE: WBAI) is committed to becoming a leading cryptocurrency mining enterprise in China. Since announcing its entry into the cryptocurrency industry in De
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