Meten EdtechX Education Group (METX) Prices 200M Share Offering at $0.30/sh

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Go back to Meten EdtechX Education Group (METX) Prices 200M Share Offering at $0.30/sh

Meten Holding Group Prices $60 Million Underwritten Public Offering of Ordinary Shares and Pre-Funded Warrants to Purchase Ordinary Shares

September 1, 2021 11:00 PM EDT

SHENZHEN, China, Sept. 1, 2021 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding" 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 of ordinary shares and pre-funded warrants to purchase ordinary shares ("Offering"), with gross proceeds to the Company expected to be approximately $60 million, before deducting underwriting discounts and commissions and other estimated expenses payable by the Company. The Offering equates to 200,000,000 of the Company's ordinary shares at a price of $0.30 per... More