EHGO Announces Major Equity Financing, with up to $20 Million to Facilitate Its Entry into Tencent's Business Ecosystem
Eshallgo Inc. - Class A Ordinary Shares (EHGO)
Company Research
Source: PR Newswire
SHANGHAI, Dec. 20, 2024 /PRNewswire/ -- Eshallgo Inc ("Eshallgo" or the "Company") (NasdaqCM: EHGO), one of the leading Chinese office integrator, agent, and service provider, and the investment fund CS Asia Opportunities Master Fund (hereinafter referred to as "CS Fund") jointly announced a landmark equity investment. According to the securities purchase agreement between the two parties, CS Fund will become one of the shareholders of EHGO by injecting up to $20 million in equity investment in tranches, demonstrating CS Fund's confidence and high recognition in EHGO's future development prospects.In this cooperation, CS Fund will purchase a total of up to 4,166,660 shares of EHGO at a price of $4.8 per share in tranches. This strategic move not only provides EHGO with strong financial support but also build momentum in its further business expansion.It is noteworthy that this equity cooperation will provide a solid foundation for EHGO's strong entry into Tencent's business ecosystem.
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EHGO
News
- EHGO Announces Major Equity Financing, with up to $20 Million to Facilitate Its Entry into Tencent's Business Ecosystem [Yahoo! Finance]Yahoo! Finance
- EHGO Acquired D&K Asset Management and Worked with Liuli Ball Culture to Draw a New Blueprint for Tencent's Business EcosystemPR Newswire
- Eshallgo Inc Secures $5 Million through Convertible Debenture Offering [Yahoo! Finance]Yahoo! Finance
- Eshallgo Inc Secures $5 Million through Convertible Debenture OfferingPR Newswire
EHGO
Sec Filings
- 12/23/24 - Form D/A
- 12/23/24 - Form 6-K
- 12/20/24 - Form 6-K
- EHGO's page on the SEC website