AGBA Acquisition (AGBA) has released an update.
AGBA Group Holding Limited successfully completed a private investment in public equity (PIPE) deal, raising $5.13 million through the sale of over 7 million ordinary shares and warrants. The deal, targeted at accredited investors, offers the opportunity to purchase additional shares via warrants at a set price after six months, with the potential for investment growth over a five-year period. This strategic financial move, exempt from typical registration requirements, signifies a robust step for the company, enhancing their capital and broadening their investor base.
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