Followers | 2 |
Posts | 1540 |
Boards Moderated | 0 |
Alias Born | 05/06/2017 |
Wednesday, March 24, 2021 7:25:45 AM
source
https://finance.yahoo.com/news/wimi-hologram-cloud-inc-announces-131500494.html
March 23, 2021
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that it entered into securities purchase agreements with certain institutional investors in connection with a registered direct offering of an aggregate of 11,173,335 units at a purchase price of US$7.50 per unit for a total offering size of approximately US$83.8 million. Each unit consists of one American Depositary Shares (the "ADSs"), each representing two Class B ordinary shares of the Company, and 0.4 warrant to purchase one ADS at an exercise price of US$8.60 per ADS, subject to adjustments. The warrants will be exercisable immediately after the date of issuance (the "Initial Exercise Date") and will expire two years after the Initial Exercise Date.
The closing of the offering is expected to take place on or about March 25, 2021, subject to the satisfaction of customary closing conditions.
FT Global Capital Inc. and The Benchmark Company, LLC, are acting as Exclusive Placement Agents in connection with the offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The Company's securities described above are being offered pursuant to an effective registration statement on Form F-1 (SEC File No. 333-254461), that was previously filed with the Securities and Exchange Commission ("SEC") on March 18, 2021, subsequently amended and declared effective on March 22, 2021, and by means of a prospectus a copy of which has been filed with the SEC and is available on the SEC's website at www.sec.gov. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting The Benchmark Company, LLC, via email at prospectus@benchmarkcompany.com or at 150 East 58th Street, 17th Floor, New York, New York 10155, United States.
For further details of this transaction, please see the Company's 6-K to be filed with the SEC.
https://sec.report/Document/0001213900-21-017103/
About WIMI Hologram Cloud Inc.
WiMi Hologram Cloud, Inc.(NASDAQ: WIMI), whose commercial operations began in 2015, is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.
For more information, please visit
http://www.wimiar.com/
Contacts
WIMI Hologram Cloud Inc.
Email: pr@wimiar.com
ICR, LLC
Jack Wang
Tel: +1 (646) 975-9495
Email: wimi@icrinc.com
Recent WIMI News
- WiMi Developed a Blockchain-Based Integrated Architecture for Security Maintenance in Cloud Computing • PR Newswire (US) • 09/19/2024 01:30:00 PM
- WiMi Developed a Blockchain Empowered Asynchronous Federated Learning for Optimizing Model Training • PR Newswire (US) • 09/09/2024 02:30:00 PM
- WiMi Hologram Cloud Announced an Identity Management Model Based on Blockchain • PR Newswire (US) • 08/23/2024 03:00:00 PM
- Form F-3 - Registration statement by foreign private issuers • Edgar (US Regulatory) • 08/09/2024 10:12:37 AM
- WiMi Developed a Payment Channel Rebalancing Model for Layer-2 Blockchain • PR Newswire (US) • 08/08/2024 02:40:00 PM
- WiMi Announced a Secure and Trusted Collaborative Learning Based on Blockchain for IoT • PR Newswire (US) • 08/06/2024 01:00:00 PM
- WiMi Announced a Blockchain-based Framework for Secure Data Sharing in Smart Cities • PR Newswire (US) • 07/29/2024 01:00:00 PM
- WiMi Built an Advanced Data Structure Architecture Using Homomorphic Encryption and Federated Learning • PR Newswire (US) • 07/26/2024 01:00:00 PM
- WiMi Developed a Blockchain-Based Trust Approach for Cloud Computing to Address Security in Services • PR Newswire (US) • 07/19/2024 03:00:00 PM
- WiMi Announced a Genetic Algorithm-based Consensus Algorithm for Blockchain • PR Newswire (US) • 07/15/2024 01:30:00 PM
- WiMi Announced a Blockchain Consensus Mechanism Based on Improved Distributed Consistency and Hash Entropy • PR Newswire (US) • 07/01/2024 02:30:00 PM
- WiMi Announced a Intelligent Interconnected Decision-making System Based on Blockchain Technology • PR Newswire (US) • 06/12/2024 02:30:00 PM
- WIMI Announced to Jointly Establish a Micro-Consciousness Quantum Research Center With MicroAlgo • PR Newswire (US) • 06/04/2024 08:06:00 AM
- WiMi Developed BlockChain Guardian Technology to Enable IIOT Cybersecurity • PR Newswire (US) • 06/03/2024 02:50:00 PM
- WiMi Announced the Internet of Things (IoT) Data Perception Based on Blockchain Technology • PR Newswire (US) • 05/24/2024 03:10:00 PM
- WiMi Announced a Blockchain Data Encryption Technology Based on Machine Learning and Fully Homomorphic Encryption Algorithm • PR Newswire (US) • 05/22/2024 04:54:00 PM
- WiMi Announced PoLe Blockchain Consensus Mechanism to Enable Efficient Training of Neural Networks • PR Newswire (US) • 05/17/2024 03:58:00 PM
- WiMi Announced the Innovative Application of RAFT Consensus Algorithm in Blockchain to Build a Secure Data Management Model • PR Newswire (US) • 05/15/2024 02:20:00 PM
- WiMi Developed a Swin-Transformer and Hash-based On-Chain Copyright Detection Technology • PR Newswire (US) • 05/06/2024 02:50:00 PM
- WiMi is Working on the Blockchain Collaborative Hybrid Consensus Algorithm to Optimize Blockchain Performance and Security • PR Newswire (US) • 05/02/2024 03:40:00 PM
- WiMi Hologram Cloud Announced the B-TEC Technology to Enhance Information Security • PR Newswire (US) • 04/23/2024 03:20:00 PM
- WiMi Announced GradingShard Blockchain Sharding Technology • PR Newswire (US) • 04/22/2024 02:30:00 PM
- WiMi Announced an Efficient Connectivity Solution Based on Blockchain Lightweight Architecture 5G IoT • PR Newswire (US) • 04/18/2024 03:00:00 PM
- WiMi Developed a Hybrid Machine Learning Model Based on VMD and SVR to Lead Bitcoin Price Prediction • PR Newswire (US) • 04/08/2024 12:30:00 PM
- WiMi Developed a Lightweight Software Architecture for Payment Systems on a Blockchain Multiplexing Platform • PR Newswire (US) • 03/25/2024 02:30:00 PM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM