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AirNet Technology ( (ANTE) ) has provided an update.
AirNet Technology Inc. announced the successful closing of a private placement on February 20, 2025, following the satisfaction of all conditions outlined in a securities purchase agreement. The company sold approximately 15.56 million restricted ordinary shares to non-U.S. persons, generating an aggregate purchase price of $7 million. This strategic financial move signifies AirNet’s effort to secure substantial capital and potentially enhance its market positioning, reflecting a significant development in their corporate finance activities.
More about AirNet Technology
YTD Price Performance: 4.26%
Average Trading Volume: 91,456
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.08M
For a thorough assessment of ANTE stock, go to TipRanks’ Stock Analysis page.