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XIAOBAI MAIMAI INC.

(HX)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 10/25 11:19:53 am
5.26 USD   -6.41%
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Xiaobai Maimai : Closing of Private Placement (Form 6-K)

09/21/2021 | 05:12pm EDT

Closing of Private Placement

As disclosed on Xiaobai Maimai Inc.'s (the "Company") Forms 6-K filed with the Securities and Exchange Commission on August 12, 2021 and September 13, 2021, the Company entered into certain securities purchase agreement (the "SPA") on August 9, 2021, as amended on September 8, 2021, with certain "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 an aggregate of 6,340,000 units (the "Units"), each Unit consisting of three ordinary shares of the Company, par value $0.0001 per share ("Share") and a warrant to purchase three Shares ("Warrant") with an initial exercise price of $3.00 at a price of $1.58 per Unit, for an aggregate purchase price of approximately $10.02 million (the "Offering"), subject to various conditions to closing.

On September 17, 2021, the transaction contemplated by the SPA consummated when all the closing conditions of the SPA have been satisfied and the Company issued 6,340,000 Units to the Purchasers pursuant to the SPA.

Disclaimer

Xiaobai Maimai Inc. published this content on 21 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2021 21:11:05 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 1,75 M - -
Net income 2021 -34,8 M - -
Net cash 2021 2,16 M - -
P/E ratio 2021 -0,82x
Yield 2021 -
Capitalization 91,5 M 91,5 M -
EV / Sales 2020 5,30x
EV / Sales 2021 15,9x
Nbr of Employees 113
Free-Float 95,4%
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Managers and Directors
Xiao Bo An Chairman & Co-Chief Executive Officer
Yi Lin Wang Co-Chief Executive Officer
Rui Zhang Chief Financial Officer
Stephen Markscheid Independent Non-Executive Director
Da Gang Guo Independent Non-Executive Director
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