TuanChe (TC) Prices 761.72K Share Offering at $1.45/sh

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Go back to TuanChe (TC) Prices 761.72K Share Offering at $1.45/sh

TuanChe Announces Pricing of $1.1 Million Registered Direct Offering and Concurrent Private Placement

October 24, 2024 2:15 PM EDT

BEIJING, Oct. 24, 2024 (GLOBE NEWSWIRE) --  TuanChe Limited ("TuanChe," "Company," "we" or "our") (NASDAQ: TC), a leading integrated automotive marketplace in China, today announced that it has entered into a definitive agreement with a single institutional investor for the purchase and sale of 761,719 of the Company's American Depositary Shares ("ADSs") (or pre-funded warrants to purchase ADSs ("ADS Equivalents") in lieu thereof). In a concurrent private placement, the Company agreed to issue and sell unregistered warrants to purchase up to an aggregate of 761,719 ADSs. The combined effective offering price for each ADS (or ADS Equivalent)... More