noco-noco Inc (NCNC) has released an update.
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Noco-noco Inc. has entered into a share subscription agreement with GEE Strategy Revitalize Japan Limited, where the latter will acquire 8,985,385 ordinary shares, totaling a 5% stake post-issuance, for a consideration of $1.6 million, to be paid by August 20, 2024. The shares are subject to a 60-day lock-up period from the payment date, with conditions and taxation responsibilities outlined in the agreement. This strategic financial move signals potential growth and investment interest in noco-noco Inc. from international funds.
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