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AirNet Technology ( (ANTE) ) has issued an announcement.
On February 19, 2025, AirNet Technology Inc. entered into a securities purchase agreement with non-U.S. purchasers to sell up to 15,555,600 restricted ordinary shares at $0.45 per share, raising approximately $7 million. The proceeds will be used for working capital and general corporate purposes, reflecting the company’s strategic move to bolster its financial position. This private placement, exempt from U.S. registration requirements under Regulation S, signifies a crucial step for AirNet Technology in securing investment to enhance its operational capabilities.
More about AirNet Technology
AirNet Technology Inc. operates in the advertising industry, primarily providing in-flight and outdoor advertising services in China. The company focuses on leveraging its platforms to deliver advertising solutions in various environments, catering to businesses seeking to reach targeted audiences.
YTD Price Performance: 5.11%
Average Trading Volume: 91,603
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.08M
Find detailed analytics on ANTE stock on TipRanks’ Stock Analysis page.
