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home / news releases / WBAI - 500.com private placement subscription price to be settled in U.S. dollars and bitcoin


WBAI - 500.com private placement subscription price to be settled in U.S. dollars and bitcoin

500.com (WBAI) announced with connection to the definitive share subscription agreement with Good Luck Information Technology Co., Limited, has determined that 50% of the subscription price, or ~$11.5M, shall be settled by U.S. dollars, and the remaining 50% of the subscription price, or $11.5M, be settled by Bitcoin.Bitcoin to U.S. dollars exchange rate to be $32,326.29 to one Bitcoin.Shares +1.2% pre-market.

For further details see:

500.com private placement subscription price to be settled in U.S. dollars and bitcoin
Stock Information

Company Name: 500.com Limited American Depositary Shares each representing 10 Class A shares
Stock Symbol: WBAI
Market: NYSE

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