June 04, 2021
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 underwritten public offering (“Offering”) of 40,000,000 ordinary shares, par value $0.0001 per share, at a public offering price of US$1.00 per ordinary share. The Company received aggregate gross proceeds of US$40 million from this Offering, 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 (the “Firm”) acted as U.S. counsel to the Company. Hunter Taubman Fischer & Li LLC 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.