Sentage Holdings Inc. (the “Company”), a China-based financial service provider, successfully closed its initial public offering (“Offering”) of 4,000,000 ordinary shares at a public offering price of US$5.00 per share on July 13, 2021. The Company received aggregate gross proceeds of US$20 million from this Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 600,000 ordinary shares at the public offering price.
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Meten EdtechX Education Group Ltd. (the “Company”), one of the leading omnichannel English language training service providers in China, today announced the closing of its offering of 2,000,000 ordinary shares, par value $0.0001 per share, at a public offering price of US$1.00 per ordinary share pursuant to the exercise of its over-allotment option by Aegis Capital Corp., the underwriter of the Company’s $40 million offering closed on May 26, 2021 (the “Over-allotment Exercise”). The Company received aggregate gross proceeds of US$2 million from this Over-allotment Exercise, before deducting underwriting discounts and other related expenses.