Wire
Chaince Digital Enters $16.2 Million Securities Purchase Agreements
Chaince Digital (CD) said Monday it has entered into securities purchase agreements with certain investors for the purchase and sale of 30.56 million ordinary shares in a registered direct offering, for aggregate gross proceeds of approximately $16.2 million.The offering is expected to close on or about Aug. 11, subject to customary closing conditions.It plans to use the net proceeds for working capital and general corporate purposes, including potentially supporting its institutional growth strategy, the company said.Shares of Chaince Digital were down more than 18% in Monday trading.Price: $2.59, Change: $-0.06, Percent Change: -2.26%
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