NaaS Technology Secures $5M Share Subscription Agreement for Expansion

NaaS Technology ( (NAAS) ) just unveiled an announcement.

NaaS Technology Inc. has entered into a Share Subscription Facility Agreement with various investors, allowing the company to issue and sell up to $5 million of its American depositary shares, with an option to increase the commitment by an additional $10 million. The proceeds from this agreement will serve as working capital to further expand NaaS’s business operations, potentially enhancing its market position and providing flexibility in financial management. The agreement outlines terms for share issuance and investment commitments, emphasizing strategic growth and funding flexibility for stakeholders.

More about NaaS Technology

NaaS Technology Inc. is a company incorporated under the laws of the Cayman Islands, focusing on the technology industry. The company is involved in issuing and selling American depositary shares (ADSs) and is committed to expanding its operations through innovative financial agreements.

YTD Price Performance: -93.49%

Average Trading Volume: 194,214

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $24.21M

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