NaaS Technology Announces ADS Sales Agreement

NaaS Technology (NAAS) has released an update.

NaaS Technology Inc. has entered into a sales agreement with A.G.P./Alliance Global Partners to periodically issue and sell American Depository Shares (ADSs), representing Class A ordinary shares. The ADSs will be sold through a shelf registration statement that has been declared effective by the SEC. The agreement outlines the sales process, including the company’s right to issue sales notices and the Sales Agent’s commitment to use commercially reasonable efforts to sell the ADSs on the Nasdaq Capital Market.

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