BEIJING, July 26, 2022 /PRNewswire/ -- Luokung Technology Corp. (the "Company" or "Luokung") (NASDAQ: LKCO), today announced that it has entered into certain securities purchase agreements with certain institutional investors for a registered direct offering of $8 million of ordinary shares at a price of $0.30 per share. The Company will issue a total of 26,666,666 ordinary shares to the institutional investors. As part of the transaction, the Company will also issue to the investors warrants ("Warrants") for the purchase of up to 26,666,666 ordinary shares at an exercise price of $0.41 per share, which Warrants will have a term of five years from the date of issuance.
Read more at prnewswire.comLuokung Technology Corp. Announces $8 Million Registered Direct Offering
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