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noco-noco与Arena进入备用股权信贷额度
2024-09-13 21:58
- noco-noco (NASDAQ:NCNC) stock trades lower as it entered into a standby equity line of credit with Arena Investors, which become effective on Aug. 29, 2024.
- Under the terms of the ELOC, the Co. will have the right, but not the obligation, to issue and sell to Arena up to $150M in shares of the Co.’s common stock.
- The ELOC will significantly improve the company's financial flexibility, strengthen its shareholder equity and accelerate its progress toward commercialisation of X-SEPATM.
- Its post effective amendment on the Registration Statement on Form F-1/A dated Aug. 16, 2024, has been declared effective by the U.S. SEC on Aug. 19, 2024.
- NCNC is -7.88% to $0.15.
More on noco-noco Inc.
- Financial information for noco-noco Inc.
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