Fangdd Network Group Launches $34.3 Million Convertible Note Offering
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Fangdd Network Group Ltd. has announced a $34.3 million convertible note offering through a private placement. The note, linked to an asset acquisition, matures in 364 days and is non-interest bearing. It can be converted into Class A ordinary shares at a price of $1.0409, with automatic conversion on maturity if not converted earlier. Additionally, the company may issue up to 12,731 Class C ordinary shares to ZX INTERNATIONAL LTD upon conversion. Full details will be reported to the SEC.
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