Hitek Global (HKIT) has released an update.
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Hitek Global Inc. has announced the issuance of Class A Ordinary Share Purchase Warrants, allowing holders to buy company shares at a set price of $0.55 per share, from July 29, 2024, to July 28, 2026. The warrants include provisions for a cashless exercise option after six months from the issue date and are subject to adjustments in certain scenarios such as stock splits or dividends. These securities have not been registered under the SEC and are subject to specific conditions for sale.
For further insights into HKIT stock, check out TipRanks’ Stock Analysis page.