Missfresh Arranges For $300M Funding Via Standby Equity Purchase Agreement

Missfresh Ltd (NASDAQ:MF) has entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN LTD, a Cayman Islands exempt limited partnership managed by Yorkville Advisor Global LP.
Missfresh will sell up to $300 million of Class B ordinary shares at any time, based on its funding requirement, during the 36 months following the March 4, 2022, date of the SEPA.
"The additional fundings will give us robust operational and strategic flexibility as we drive forward to further implement our strategy and achieve our commercial milestones," said CEO Zheng Xu.
Price Action: MF shares are trading at $2.03 on Monday's last check.

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