Kaixin Auto Holdings Unveils New Securities Purchase Agreement
Company Announcements

Kaixin Auto Holdings Unveils New Securities Purchase Agreement

Kaixin Auto Holdings (KXIN) has released an update.

Kaixin Auto Holdings has announced a securities purchase agreement involving the sale of 1,166,667 ordinary shares at $3.00 per share. This transaction is part of a larger strategy to leverage its shelf registration statement, which includes up to $10,500,000 worth of unallocated securities. Investors are granted the additional right to purchase up to $7 million more in shares under specified conditions, showcasing an opportunity for strategic investment in the company’s growth.

For further insights into KXIN stock, check out TipRanks’ Stock Analysis page.

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