Meten EdtechX Education Group Ltd (METX)

[Viewmont]

There's no time or price in the news. They could start the offering at any price/time of their choosing. Could be at $2/4 who knows, they can wait after great news to come and the price rises!
Meten EdtechX Announces Adoption of New Initiative to Develop Blockchain and Cryptocurrency Business SHENZHEN, China, Sept. 1, 2021 /PRNewswire.

Meten Holding Group Announces Proposed Underwritten Public Offering of Ordinary Shares and Pre-Funded Warrants to Purchase Ordinary Shares; Size Not Disclosed

4:41 pm ET September 1, 2021 (Benzinga) Print
Meten Holding Group Ltd. ("Meten Holding" or the "Company") (NASDAQ:METX), one of the leading omnichannel English language training ("ELT") service providers in China, today announced that it intends to offer in an underwritten public offering ordinary shares and pre-funded warrants to purchase ordinary shares ("Offering"). The pre-funded warrants shall be offered at the same price per share as the ordinary shares, less the $0.01 per share exercise price of each pre-funded warrant. The Company intends to use the net proceeds from this offering for general corporate and working capital needs. The ordinary shares are trading on The Nasdaq Capital Market under the symbol "METX." The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.