CUPERTINO, Calif., March 1, 2023 /PRNewswire/ -- Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a US-based global education company, today announced its entry into a securities purchase agreement (the "Agreement") with an institutional investor (the "Investor") to issue and sell 5,000,000 ordinary shares of the Company (the "Shares") and an accompanying warrant to purchase up to 2,000,000 ordinary shares of the Company (the "Warrant") at a purchase price of US$0.40 per share, for a total consideration of approximately US$2.0 million (the "Private Placement"). The Warrant is exercisable upon issuance and has a three-year term from the exercise date. The exercise price of the Warrant is US$0.80 per share.
Read more at prnewswire.comAmbow Completes US$2.0 Million Private Placement with Strategic Investor
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