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Ebang International Holdings Inc. Announces Closing Of Follow-On Offering

Tracy CHEN

Summary: Ebang International Holdings Inc., a leading Bitcoin mining machine producer in the global market in terms of computing power sold in 2019*, announced the initial closing of its previously announced best-efforts follow-on offering for the sale of 4 million units of the 8 million units offered for sale by the Company, at a purchase price ...

Ebang International Holdings Inc., a leading Bitcoin mining machine producer in the global market in terms of computing power sold in 2019*, announced the initial closing of its previously announced best-efforts follow-on offering for the sale of 4 million units of the 8 million units offered for sale by the Company, at a purchase price of $5.25 per unit, for aggregate gross proceeds of approximately $21.0 million. 

Each unit consists of one Class A ordinary share and one warrant to purchase one-half of one Class A ordinary share of the Company. 

Tracy Chen

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