Skip to main content

Market Overview

Luokung Technology Raises $100M Via Equity Sale To Institutional Investors

Share:
  • China’s Luokung Technology Corp. (NASDAQ: LKCOpriced 48 million shares at $2.08 per share to raise $100 million in a direct offering to institutional investors. 
  • The offering proceeds will be utilized for working capital and general corporate purposes, and it is estimated to close by February 19, 2021.
  • Last week, Luokung raised $15 million, and last month it raised $5 million. Its stock has increased 599% in the last quarter.
  • FT Global Capital is the placement agent for the transaction.
  • Price action: LKCO shares have dropped 31% at $2.07 on the last check Wednesday.
 

Related Articles (LKCO)

View Comments and Join the Discussion!

Posted-In: News Penny Stocks Offerings Small Cap Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com