TuanChe to sell 761,719 ADSs in registered direct offering at $1.449 per share

From GlobeNewswire: 2024-10-24 14:15:00

TuanChe Limited has entered into an agreement to sell 761,719 American Depositary Shares (ADSs) in a registered direct offering, along with the sale of unregistered warrants to purchase additional ADSs. The offering price per ADS is $1.449, with an exercise price of $1.449 per share for the warrants. The transaction is expected to close on or about October 28, 2024. Maxim Group LLC is acting as the exclusive Placement Agent for this offering. The offering is being made pursuant to an effective shelf registration statement on Form F-3 and the warrants are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933.

TuanChe Limited, a leading integrated automotive marketplace in China, offers services to connect automotive consumers with industry players and provides marketing and transaction services both online and offline. Founded in 2010, TuanChe utilizes data analytics and digital marketing to help industry customers increase advertising efficiency. The company’s integrated marketing solutions create large-scale collective purchase activities in the automotive market. This announcement contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and the Company encourages potential investors to review its filings with the U.S. Securities and Exchange Commission for more information on risks and uncertainties. Investors and media can contact TuanChe Limited’s Investor Relations for inquiries.



Read more at GlobeNewswire: TuanChe Announces Pricing of $1.1 Million Registered Direct