Fangdd Network Group (DUO) has released an update.
Fangdd Network Group Ltd. has entered into an agreement with MM Global Securities, Inc., appointing them as the exclusive placement agent for the company’s securities offering on a ‘best efforts’ basis. The agreement details the Placement Agent’s compensation at 7% of gross proceeds, alongside various offering-related expenses to be covered by Fangdd Network Group. The securities in question are Class A ordinary shares, with the closing of the offering contingent on market conditions and regulatory approvals.
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