BEIJING, Nov. 25, 2022 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ: TC), a leading integrated automotive marketplace in China, today announced the closing of its previously announced registered direct offering with investors for the purchase and sale of (1) 5,454,546 of the Company's American Depositary Shares ("ADSs") (or pre-funded warrants to purchase ADSs ("ADS Equivalent") in lieu thereof) and (2) warrants to purchase 5,454,546 ADSs, at a combined purchase price of $2.75 per ADS (or $2.749 per ADS Equivalent) and the associated warrant. Each associated warrant is exercisable to purchase one ADS for $2.75. Each ADS represents sixteen (16) Class A ordinary shares of the Company. The warrant has a term equal to five years from the issuance date. The aggregate gross proceeds to the Company are approximately $15.0 million.
Read more at prnewswire.comTuanChe Announces Closing of $15 Million Registered Direct Offering
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