November 24, 2020
Ebang International Holdings Inc. (“EBON”), a leading Bitcoin mining machine producer, announced the initial closing of its best-efforts follow-on offering for the sale of 4 million of the 8 million units offered for sale by the Company, at a purchase price of $5.25 per unit, for aggregate gross proceeds of approximately $21 million. Each unit consists of one Class A ordinary share and one warrant to purchase one-half of one Class A ordinary share of the Company.
Univest Securities, LLC is acting as the exclusive placement agent for this offering. Hunter Taubman Fischer & Li LLC is acting as U.S. counsel to the placement agent.
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