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