NaaS Technology Raises $21M Via Equity Offering To Certain Investors
Portfolio Pulse from Shivani Kumaresan
NaaS Technology Inc has raised $21 million through a registered direct offering to certain investors, including Adrian Cheng and CST Group Limited. The company offered 3.5 million American depositary shares directly to investors without underwriters or placement agents. NAAS is a third-party charging network in China and a subsidiary of Newlinks Technology Limited.
May 31, 2023 | 12:11 pm
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NaaS Technology raised $21 million through a registered direct offering, with shares trading higher by 4.31% in premarket.
The successful completion of the $21 million equity offering indicates strong investor interest in NaaS Technology. This capital infusion will likely strengthen the company's financial position and support its growth plans, leading to a positive short-term impact on its stock price.
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