Fangdd Network Group (DUO) said Thursday it has entered into an agreement to sell Class A shares to some investors at $0.88 each to raise $4.5 million for general corporate purposes.
Investors can also buy pre-funded warrants instead of the shares at about $0.879 per pre-funded warrant, the company said. It expects to close the offering Oct. 11, with MM Global Securities as its placement agent.
Fangdd shares fell about 20% in recent trading.
Price: 1.41, Change: -0.35, Percent Change: -19.83
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