Quhuo Limited Converts Notes to Class A Shares

Quhuo (QH) has released an update.

Quhuo Limited has completed the conversion of senior convertible promissory notes into 793,868,246 Class A ordinary shares on August 8, 2024. This strategic move was part of an acquisition deal involving minority shareholders of Quhuo International Trade (HK) Limited, a non-wholly-owned subsidiary. The new shares come with restrictions on their transferability, adhering to the Securities Act of 1933 regulations.

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