Akso Health Group Sponsored ADR (AHG) has released an update.
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Akso Health Group has entered into a Securities Purchase Agreement to issue and sell up to 361,290,000 units, each comprising a Class A ordinary share and three warrants, at $0.369 per unit. The agreement is in accordance with exemptions from securities registration, targeting non-US investors for their personal investment. This move aims to bolster Akso Health Group’s capital structure, potentially impacting its market position and investor interest.
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