Brief: Kandi Technologies Enters Into Agreement For Registered Direct Placement Of $60 Mln Of Common Stock And Warrants

Kandi Technologies

10/11/2020 14:20

Nov 10 (Reuters) - Kandi Technologies Group Inc  KNDI.O :
    * KANDI TECHNOLOGIES ANNOUNCES ENTRY INTO AGREEMENT FOR
REGISTERED
DIRECT PLACEMENT OF  $60 MILLION OF COMMON STOCK AND WARRANTS
    * KANDI TECHNOLOGIES GROUP INC - REGISTERED DIRECT PLACEMENT
OF
$60 MILLION OF COMMON STOCK AT A PRICE OF $6.38 PER SHARE
    * KANDI TECHNOLOGIES GROUP INC - WILL ISSUE A TOTAL OF 9.4
MILLION
SHARES OF COMMON STOCK TO INSTITUTIONAL INVESTORS

Source text for Eikon:  ID:nGNX3rPtrv 
Further company coverage:  KNDI.O 

 ((Reuters.Briefs@thomsonreuters.com;))