Zoomcar Holdings (ZCAR) said Wednesday that it priced a private placement with certain institutional investors for expected gross proceeds of about $9.2 million.
The company plans to issue about 2.1 million units at $4.28 per unit. Each unit will consist of one share of common stock, two series A warrants and one series B warrant.
The company said it plans to use the net proceeds to repay about $3.6 million of outstanding indebtedness and for general corporate purposes and working capital.
The closing of the private placement is expected on or about Wednesday.
Zoomcar's shares dropped more than 16% in recent premarket activity on Wednesday.
Price: 11.01, Change: -2.19, Percent Change: -16.59
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。