Meten EdtechX Education Group (METX) Prices 40M Share Common Offering at $1/Sh
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Meten EdtechX Prices $40 Million Underwritten Public Offering of Ordinary Shares
May 24, 2021 8:00 AM EDTSHENZHEN, China, May 24, 2021 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (Meten Edtech X or the Company) (NASDAQ: METX), one of the leading omnichannel English language training (ELT) service providers in China, today announced the pricing of an underwritten public offering with gross proceeds to the Company expected to be approximately $40 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company. The public offering equates to 40,000,000 of the Companys ordinary shares at a price of $1.00 per share. The Company intends to use the net proceeds from this... More
