HTFL’s Client Meten Holding Group Ltd. Successfully Closed its $60 Million Offering of Ordinary Shares and Pre-funded Warrants

September 07, 2021

Ying Li

Guillaume de Sampigny

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”). Aegis Capital Corp. acted as the underwriter of the Offering, which was closed on September 7, 2021. The Company received aggregate gross proceeds of US$60 million from this Offering, before deducting underwriting discounts and other related expenses. The Company intends to use the net proceeds from this Offering for capital expenditure, 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.