On July 31, TD Holdings Inc Entered Into A Securities Purchase Agreement With Certain Purchasers; Co Agreed To Sell Such Purchasers 28M Shares Of Its Common Stock At A Price Of $0.35 Per Share
Portfolio Pulse from Happy Mohamed
TD Holdings Inc has entered into a securities purchase agreement with certain purchasers. The company has agreed to sell 28 million shares of its common stock at a price of $0.35 per share.
July 31, 2023 | 9:18 pm
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TD Holdings Inc (GLG) has agreed to sell 28 million shares at $0.35 per share. This could potentially dilute the value of existing shares.
The sale of 28 million shares by TD Holdings Inc could lead to a dilution of the value of existing shares. This is because the increase in the number of shares in circulation can reduce the earnings per share, which could potentially lead to a decrease in the stock price. Therefore, this news is highly relevant and important for investors in TD Holdings Inc.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100