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X3 Holdings ( (XTKG) ) has shared an update.
X3 Holdings Co., Ltd. announced on June 4, 2025, that it has entered into a definitive securities purchase agreement with certain purchasers to sell 22,325,600 Class A ordinary shares at a price of $0.43 per share. The agreement, dated May 19, 2025, is expected to generate gross proceeds of $9.6 million for the company, with the offering set to close on June 15, 2025. This move is part of a takedown from the company’s shelf registration statement, and it includes customary representations and warranties, as well as indemnification rights and obligations for both parties involved. The transaction aims to bolster the company’s financial standing and potentially enhance its market position.
More about X3 Holdings
Average Trading Volume: 245,148
Technical Sentiment Signal: Sell
Current Market Cap: $18.74M
Find detailed analytics on XTKG stock on TipRanks’ Stock Analysis page.