Yueda Digital announces pricing of $28M registered direct offering

Yueda Digital (YDKG) Holding announced that it has entered into a definitive agreement with certain investors for the purchase and sale of an aggregate of 28M units, consisting of one ordinary share of the company, par value $0.04 per share, and one warrant to purchase one Ordinary Share, at a purchase price of $1.00 per unit in a registered direct offering. Each of the Warrants will have an exercise price of $1.00 per Ordinary Share and be exercisable beginning on the date of the issuance date and ending on the six-month anniversary of the issuance date. The aggregate gross proceeds to the company of this offering are expected to be approximately $28M. The transaction is expected to close on or about October 16, subject to the satisfaction of customary closing conditions. Univest Securities is acting as sole placement agent for the offering.