GDS Holdings (GDS) has released an update.
GDS Holdings Limited has entered into a Series A Preferred Share Subscription Agreement with DigitalLand Holdings Limited and various investors, outlining terms for the issuance and subscription of preferred shares. This strategic move aims to secure equity commitments and investments from specified investors, as per the agreement dated March 2024. The agreement includes comprehensive details on definitions, interpretations, warranties, covenants, indemnification, conditions to closing, termination, and miscellaneous provisions, all intended to be legally binding.
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