eLong Power issues 16,500,000 share warrants in US$6.6 million unit offering
ELPW•eLong Power closes US$6.6 million unit offering
- eLong Power closed a US$6.6 million public offering of 16,500,000 units priced at US$0.4.
- Each unit includes one Class A share or a pre-funded warrant, plus one common warrant to buy one Class A share.
- Common warrants are immediately exercisable at US$0.4, subject to anti-dilution adjustments.
- Warrants expire on the third anniversary of issuance.
