HTFL’s Client Meten EdtechX Education Group Ltd. Successfully Closed its Offering of 2,000,000 Ordinary Shares as a Result of the Exercise of its Over-Allotment Option by Aegis Capital Corp.

July 08, 2021

Ying Li

Guillaume de Sampigny

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. The Company intends to use the net proceeds from this Offering for working capital and general corporate purposes.

Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the Company. HTFL is a boutique law firm specializing in corporate, commercial and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.