Takung Art Raises $5M Via Private Placement At 29.3% Discount

July 8, 2021 12:44 PM | 23 seconds read | Make a Comment

Online fine art and collectibles platform operator Takung Art Co Ltd TKAT has priced 571,429 shares at $8.75 per share to raise $5 million in a private institutional placement.
The offer price signifies a 29.3% discount to Takung’s Wednesday closing price of $12.38.
The stock has gained 736.5% year-to-date.
Price action: TKAT shares traded lower by 5.74% at $11.67 in the market session on the last check Thursday.

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