MingZhu Logistics (YGMZ) Announces $20 Million Registered Direct Offering of Ordinary Shares, Warrants

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MingZhu Logistics Holdings Limited Announces $20 Million Registered Direct Offering

March 10, 2021 9:15 AM EST

SHENZHEN, China, March 10, 2021 /PRNewswire/ -- MingZhu Logistics Holdings Limited (Nasdaq: YGMZ) (the "Company"), a China-based trucking services provider, today announced that it entered into securities purchase agreements with certain institutional investors in connection with a registered direct offering of an aggregate of 3,333,335 units of its securities (each, a "Unit"), with each Unit consisting of (i) one ordinary share of the Company, par value $0.001 per share, and (ii) one warrant to purchase 0.75 ordinary share (together, the "Warrants"), for aggregate gross proceeds of $20 million, before deducting the placement agent's fees and other estimated... More