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ATIF Holdings Limited enters into Securities Purchase Agreement for $29.34 million offering
ZBAI
- ATIF Holdings Limited entered into a Securities Purchase Agreement (SPA) on October 8, 2025, to sell up to 9,000,000 units to "non-U.S. Persons".
- Each unit, priced at $3.26, consists of one ordinary share (par value $0.001) and one warrant to purchase one additional share.
- The aggregate purchase price for the offering is approximately $29.34 million, with net proceeds intended for working capital or other general corporate purposes.
- The warrants have an initial exercise price of $4.89 per share, are immediately exercisable, and will expire five years from their issuance date.
- Purchasers are acquiring the units for investment purposes and are subject to restrictions on resale to U.S. persons or within the U.S. for a six-month Distribution Compliance Period.
Oct 15, 2025, 8:05 PM
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