Fangdd Network (DUO) Announces $5M Convertible Notes Offering

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Go back to Fangdd Network (DUO) Announces $5M Convertible Notes Offering

FangDD Announces US$5,000,000 Senior Convertible Notes Offering

February 11, 2025 8:00 AM EST

SHENZHEN, China, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (FangDD or the Company), a customer-oriented property technology company in China, today announced that it has entered into a securities purchase agreement with certain investors (the Purchase Agreement) for the offering by the Company of (i) senior 5% original issue discount convertible promissory notes in an aggregate principal amount of US$5,000,000 (the Notes), (ii) Class A ordinary shares, par value US$0.0005625 per share, issuable from time to time upon conversion under the Notes, and (iii) additional 164,610 Class A ordinary shares in connection with... More