NaaS Technology Raises $21M Via Secondary Share Sale Of 3.5M ADSs
Portfolio Pulse from Benzinga Newsdesk
NaaS Technology Inc. has raised $21 million through a secondary share sale of 3.5 million ADSs. The largest third-party charging network in China completed the registered direct offering to investors, including Dr. Adrian Cheng and CST Group Limited.
May 31, 2023 | 9:43 am
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NaaS Technology raised $21 million through a secondary share sale, which could provide the company with additional capital for growth and expansion.
The successful completion of the secondary share sale provides NaaS Technology with additional capital, which can be used for growth and expansion. This could positively impact the company's stock price in the short term as investors may view the capital raise as a sign of confidence in the company's future prospects.
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