NaaS Technology Inc (NASDAQ:NAAS) shares are trading lower by 21.5% to $1.17 during Wednesday’s session after the company announced a $6 million registered direct offering.
The agreement entails the sale of 4,761,905 American Depositary Shares (ADS) along with warrants to purchase an additional 4,761,905 ADSs. The combined purchase price for these securities is set at $1.26 per ADS and accompanying warrant.
The registered direct offering is expected to generate approximately US$6 million in total gross proceeds before accounting for commissions and other ...