Meten Holding Group Ltd. (the “Company”), one of the leading omnichannel English language training service providers in China, today announced the closing of its offering of 22,500,000 ordinary shares, par value $0.0001 per share, at a public offering price of US$0.30 per ordinary share and 177,500,000 pre-funded warrants at a public offering price of US$0.2999 per warrant, each exercisable to purchase one ordinary share at a price of $0.0001 per share (the “Offering”).
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Mechanical Technology, Incorporated (the “Company”) (NASDAQ: MKTY), the parent company of MTI Instruments, Inc. and EcoChain, Inc, a cryptocurrency mining business powered by renewable energy, announced today the closing of its upsized underwritten public offering of 720,000 shares of its 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share, with a $25.00 liquidation preference per share (the “Series A Preferred Stock”) at a price to the public of $25.00 per share for aggregate gross proceeds of $18,000,000.