2023-07-17 08:52:17 ET
- Jiuzi Holdings ( NASDAQ: JZXN ) has announced that it entered into a securities purchase agreement with certain institutional investors to purchase $2.3M worth of its ordinary shares in a registered direct offering.
- Under the terms, the Co. has agreed to sell an aggregate of $2.3< ordinary shares and/or pre-funded warrants in a registered direct offering.
- The purchase price per ordinary share is $1.65 and the purchase price for the pre-funded warrants is identical to the purchase price for ordinary shares, less the exercise price of $0.01/share.
- The gross proceeds are estimated to be ~$2.3M and the offering is expected to close on or about July 19, 2023.
- JZXN -50% premarket to $1.65.
For further details see:
Jiuzi Holdings stock plummets on $2.3M registered direct offering