Missfresh Announces Entry Of Share Purchase Agreements For Financing And Business Acquisition; Investors Agree To Subscribe 5.4B Class B Ordinary Shares Of The Company In Aggregate For A Total Purchase Price Of $27
Portfolio Pulse from Happy Mohamed
Missfresh Limited (NASDAQ:MF) has entered into two share purchase agreements for financing and a business acquisition. Investors will subscribe to 5.4 billion Class B ordinary shares for a total of $27 million, giving them 88.1% of the company's total issued and outstanding shares. The company will also acquire all ordinary shares of Mejoy Infinite Limited for $12 million. Post-acquisition, Missfresh will provide customized digital marketing solutions and services.
August 04, 2023 | 2:42 pm
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Missfresh is set to acquire Mejoy Infinite Limited and has entered into share purchase agreements that will see new investors hold 88.1% of the company's total issued and outstanding shares.
The acquisition of Mejoy Infinite Limited could potentially expand Missfresh's services and market reach. The share purchase agreements could bring in significant financing for the company, but also means a large portion of the company's shares will be held by new investors. This could lead to potential changes in the company's management and strategic direction, which could impact the company's stock price.
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