X3 Holdings (XTKG) has released an update.
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X3 Holdings Co., Ltd., a Cayman Islands-based company listed on Nasdaq under the symbol ‘XTKG’, has entered into a Standby Equity Purchase Agreement with YA II PN, Ltd. The agreement allows X3 Holdings to issue and sell up to $30 million of its shares to the investor, with an initial pre-paid advance of $8 million structured in convertible promissory notes. The deal includes a Registration Rights Agreement to facilitate the resale of the registered shares.
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