SHENZHEN, China, December 09, 2024 (GLOBE NEWSWIRE) — Fangdd Community Group Ltd. (Nasdaq: DUO) (FangDD or the Firm), a customer-oriented actual property know-how firm in China, immediately introduced that it has entered right into a securities buy settlement with sure buyers (the Buy Settlement) for the issuance and sale by the Firm of US$7.0 million of Class A standard inventory (or pre-funded warrants in lieu thereof), at a worth of US$0.7 per share (Or US$0.6994375 per pre-funded warrant), in a registered direct providing.
The acquisition settlement incorporates representations, warranties and different provisions customary for transactions of this nature. The providing is anticipated to shut on or about December 10, 2024, topic to customary closing situations. FangDD intends to make use of the online proceeds from this providing for common company functions.
The Firm has engaged MM International Securities, Inc. as unique placement agent in reference to this providing.
The securities described above will probably be provided by the Firm pursuant to an efficient shelf registration assertion on Kind F-3 (File No. 333-267397) beforehand filed with america Securities and Trade Fee (the SEC). ) on September 13, 2022 and declared efficient by the SEC on September 29, 2022. The securities could also be provided solely by the use of a written prospectus and prospectus complement that kind a part of the registration assertion. The prospectus complement and accompanying base prospectus comprise essential info referring to the shares of Class A standard inventory and the pre-funded warrants that will probably be bought within the providing. The prospectus complement will probably be filed with the SEC and will probably be obtainable on the SEC's web site at http://www.sec.gov, or could also be obtained, when obtainable, by contacting us at Room 1501, Shangmei Know-how Constructing, No. 15. Dachong Highway, Nanshan District, Shenzhen, PRC, or by e-mail to ir@fangdd.com.
This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase, nor shall there be any sale of those securities in any state or jurisdiction by which such supply, solicitation or sale could be illegal previous to registration or qualification. underneath the securities legal guidelines of any such state or jurisdiction.
About FangDD
Fangdd Community Group Ltd. (Nasdaq: DUO) is a Chinese language customer-oriented actual property know-how firm targeted on offering actual property transaction digitalization companies. By means of modern use of cell web, cloud, large information, synthetic intelligence, amongst others, FangDD has essentially revolutionized the way in which actual property transaction contributors conduct enterprise via a collection of services. modular options powered by SaaS instruments, merchandise and applied sciences. For extra info, please go to http://ir.fangdd.com.
Secure Harbor Assertion
This announcement incorporates forward-looking statements. These statements are made throughout the protected harbor provisions of america Non-public Securities Litigation Reform Act of 1995. These forward-looking statements will be recognized by terminology equivalent to purpose, anticipate, imagine, estimate, count on, hope, will ahead, intend, ought to to, plan, mission, potential, search, might, would possibly, can, would possibly, will, would, should, ought to, is prone to and the unfavorable type of these phrases and different expressions related. Amongst different issues, statements that aren’t historic details, together with statements relating to the Firm's beliefs and expectations, are or comprise forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. A variety of components might trigger precise outcomes to vary materially from these contained in any forward-looking assertion. All info offered on this press launch is as of the date of this press launch and is predicated on assumptions that the Firm believes to be affordable as of such date, and the Firm undertakes no obligation to replace any forward-looking assertion, besides as required by relevant legislation.
Investor Relations Contact
Ms. Linda Li
Director, Monetary Markets Division
Phone: +86-0755-2699-8968
E-mail: ir@fangdd.com
#Fangdd #Publicizes #Pricing #US7.0 #Million #Registered #Direct #Providing #Investing.com , #Gossip247
,
