ANTE - AirNet stock hire on signing investment agreement with Unistar
AirNet Technology (ANTE) +32% premarket on announcement to issue 23,876,308 ordinary shares with a par value of $0.001/share, or ~19 % of the company's currently outstanding ordinary shares to Unistar Group Holdings in exchange for the delivery and transfer of 500 computer servers specifically designed for mining cryptocurrencies.The computer servers were valued at ~$2.53M, representing a per share consideration of $1.06/ADS (each representing ten shares). Mr. Herman Guo, the Chairman and CEO of the company, commented "With the acquisition of 500 computer servers specifically designed for mining cryptocurrencies, the Agreement epitomizes the Company's determination to create values for its investors along with its drive for technological innovations, which sets the Company on a relentless search for new venues to expand and broaden the Company's ability to provide blockchain empowered solutions to its existing and potential clients. After careful evaluation of this opportunity, the Company is convinced that it is the right time to take another
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AirNet stock hire on signing investment agreement with Unistar