META DATA LIMITED Closing of Private Placement
As disclosed on Meta Data Limited's (the "Company") Form 6-K filed with the Securities and Exchange Commission on May 19, 2023, the Company entered into certain securities purchase agreement on May 18, 2023 (the "SPA") with certain non-affiliated and accredited "non-U.S. Persons", (the "Purchasers") as defined in Regulation S of the Securities Act of 1933, as amended, pursuant to which the Company agreed to sell 41,806,020 units (the "Units"), each Unit consisting of one Class A ordinary share of the Company, par value $0.0005 per share ("Share") and a warrant to purchase one Share ("Warrant") with an initial exercise price of $0.7475 per Share, at a price of $0.598 per Unit (the "Offering").
On May 31, 2023, the Offering closed as all the conditions of the SPA have been satisfied and the Company issued the Units to the Purchasers. The gross proceeds to the Company from the Offering was $25,000,000.
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Meta Data Ltd. published this content on 31 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2023 20:07:21 UTC.
