TuanChe (TC) announced that it has entered into a definitive agreement with a single institutional investor for the purchase and sale of 761,719 of the company’s American depositary shares. The effective offering price for each ADS and accompanying warrant is $1.449 per share. The transaction is expected to close on or about October 28. Maxim Group is acting as the placement agent.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TC:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue