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500.Com Ltd Stock Surged Over 110% With The News Of Increased Stock Issuance May Be Settled In Bitcoin
Summary: 500.Com Ltd, a listed company based in China (NYSE: WBAI) announced that it has reached a final share subscription agreement with Haoyun Information Technology Co., Ltd. on the issuance and sale of new Class A ordinary shares. Haoyun will subscribe for 85.573 million newly issued Class A ordinary shares with a price of approximately $23 ...
500.Com Ltd, a listed company based in China (NYSE: WBAI) announced that it has reached a final share subscription agreement with Haoyun Information Technology Co., Ltd. on the issuance and sale of new Class A ordinary shares. Haoyun will subscribe for 85.573 million newly issued Class A ordinary shares with a price of approximately $23 million, which will be settled in U.S. dollars or cryptocurrencies (including Bitcoin). The company will decide within one month from the date of signing the agreement. After the announcement, WBAI stock surged in early trading. As of press time, the stock price has risen by 111%.
By Mary Liu
Tags: 500.Com Ltd,Bitcoin,NYSE,Stocks
Link: 500.Com Ltd Stock Surged Over 110% With The News Of Increased Stock Issuance May Be Settled In Bitcoin [Copy]
