Fangdd Network Group (DUO) said Friday it launched an offering of $5 million of senior 5% original issue discount convertible promissory notes.
The company will issue an additional 251,890 class A shares in connection with the notes issuance.
Fangdd said it expects the offering to close Friday and plans to use the net proceeds for general corporate purposes.
Its shares were up 6.7% in recent premarket activity.
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