Helport AI Limited and Tristar Acquisition I Corp. Announce Closing on Reduced $5.5 Million PIPE Investment Concurrently with Closing of Business Combination
Helport AI Limited - Ordinary Shares (HPAI)
Company Research
Source: GlobeNewswire
SINGAPORE and BURLINGTON, Mass., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Helport AI Limited (together with its operating subsidiaries, “Helport”), an AI technology company serving enterprises’ customer contact centers with intelligent products, solutions and a digital platform and Tristar Acquisition I Corp. (“Tristar”), a special purpose acquisition company, today announced the consummation of a $5.5 million private placement financing in connection with the completion of their previously announced business combination. Together with the proceeds previously raised in the form of convertible notes issued to Helport note holders from March 2024 to June 2024 (the “Convertible Notes”), Helport has raised an aggregate of $10.39 million in gross proceeds to support its operations. As previously disclosed, on May 18, 2024, Tristar and Helport entered into subscription agreements with three investors on substantially the same terms, pursuant to which, among other things, Helport agreed to i
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