OwlTing Raises $10 Mln Via Convertible Security, With Up To $50 Mln Funding Facility
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OwlTing Group, part of Obook Holdings Inc. (OWLS), has announced a $10 million funding through a zero-interest convertible security agreement with Lind Global Asset Management XV LLC. The deal allows for up to $50 million in total funding, with an initial investment of $10 million expected by April 6. The security has a face value of $11.5 million and matures in 18 months. Proceeds will support corporate purposes, including expansion and acquisitions. Obook's stock closed at $5.81, down 1.19%, but rose to $5.82 in after-hours trading.
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