NaaS Technology Announces $30M Private Placement of Convertible Note
Portfolio Pulse from Benzinga Newsdesk
NaaS Technology Inc. (NASDAQ:NAAS), a U.S. listed EV charging service company in China, has announced a $30M private placement of a convertible note with LMR Partners Limited. The note is convertible into American depositary shares representing the company's ordinary shares. The company and the investor also entered into a derivative arrangement with respect to the ADSs.
June 30, 2023 | 7:27 am
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NaaS Technology Inc. has secured a $30M investment through a convertible note with LMR Partners Limited. This could provide the company with additional capital for growth and expansion.
The news of a $30M investment in NaaS Technology Inc. through a convertible note is likely to be seen positively by the market. This could provide the company with additional capital for growth and expansion, which could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100