AGM Group Closes $25 Million Equity Line of Credit Facility
MT Newswires Live
Jan 24
AGM Group (AGMH) said late Friday it entered into a securities purchase agreement with an institutional investor for the issue and sale of common shares for gross proceeds of up to $25 million.
Under the two-year equity line of credit facility agreement, the company issued a five-year warrant to the investor to buy 608,777 common shares at an exercise price of $2.4639 apiece, according to a statement.
Proceeds from any sales of common shares under the credit facility could be used for general corporate purposes, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.