Ambow Education (AMBO) Prices 1.507M ADS Registered Direct Offering at $3.98/ADS
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Ambow Announces Pricing of $6.0 Million Registered Direct Offering
October 1, 2020 9:00 AM EDTBEIJING, Oct. 1, 2020 /PRNewswire/ -- Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a leading national provider of educational and career enhancement services in China, today announced that it has entered into definitive agreements with two institutional investors for the issuance of approximately 1,507,538 ADSs (representing 3,015,076 of Class A Ordinary Shares), at a purchase price of $3.98 per ADS, in a registered direct offering. Ambow has also agreed to issue to the investors unregistered warrants to purchase up to an aggregate amount of 603,016 ADSs (representing 1,206,032 Class A ordinary shares). The... More
