Brief: CBAK Energy Enters Securities Purchase Agreement For Registered Direct Placement Of $49.2 Million Of Common Stock
08/12/2020 14:23
Dec 8 (Reuters) - CBAK Energy Technology Inc CBAT.O :
* CBAK ENERGY TECHNOLOGY - ENTERED INTO SECURITIES PURCHASE
AGREEMENT FOR REGISTERED DIRECT PLACEMENT OF ABOUT $49.2 MILLION
OF COMMON STOCK AT $5.18/SHARE
* CBAK ENERGY TECHNOLOGY - WILL ISSUE A TOTAL OF 9.5 MILLION
SHARES OF COMMON STOCK TO INSTITUTIONAL INVESTORS
Source text for Eikon: ID:nPn1BNJxKa
Further company coverage: CBAT.O
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