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XChange to Sell American Depositary Shares Worth $25 Million; Shares Rise
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XChange to Sell American Depositary Shares Worth $25 Million; Shares Rise
Oct 3, 2024 1:03 AM

11:08 AM EDT, 09/24/2024 (MT Newswires) -- XChange TEC.INC ( XHG ) said Tuesday it has entered into a securities purchase agreement with VG Master Fund SPC allowing the company to sell up to $25 million in 600,000 American depositary shares to VG.

The offering is part of a broader shelf registration statement filed on Sept. 29, 2022.

Shares of XChange surged more than 116% in recent trading.

Price: 1.34, Change: +0.72, Percent Change: +116.13

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