Fangdd Network Group Ltd. Stock Price, News & Analysis

FangDD Network Group (Nasdaq: DUO) has announced a US$5,000,000 senior convertible notes offering. The notes feature a 5% original issue discount and a nine-month term. Key terms include:

- No interest accrual unless default occurs (15% per annum if defaulted)
- Conversion into Class A ordinary shares available
- Conversion price: lower of 130% of lowest daily VWAP before closing or 90% of lowest 10-day VWAP before conversion
- Floor price set at US$0.10 per share

The offering includes additional 251,890 Class A ordinary shares and is expected to close around March 14, 2025. MM Global Securities, Inc. serves as the exclusive placement agent. The company plans to use proceeds for general corporate purposes.

FangDD Network Group (Nasdaq: DUO) has announced a US$5,000,000 senior convertible notes offering. The notes carry a 5% original issue discount with a nine-month term and rank senior to all other existing indebtedness and equity.

The notes can be converted into Class A ordinary shares at a conversion price that is the lower of: (i) 130% of the lowest daily VWAP before the closing date, or (ii) 90% of the lowest daily VWAP over ten trading days before conversion. The floor price is set at US$0.11 per share.

The offering, expected to close on February 11, 2025, includes the issuance of additional 164,610 Class A ordinary shares. If default occurs, interest will accrue at 15% per annum. MM Global Securities, Inc. serves as the exclusive placement agent, and proceeds will be used for general corporate purposes.

FangDD Network Group (Nasdaq: DUO) has received a notification from Nasdaq on December 24, 2024, indicating non-compliance with the minimum bid price requirement. The company's Class A ordinary shares closed below US$1 for 30 consecutive business days from November 11 through December 23, 2024.

The company has been granted a 180-day compliance period until June 23, 2025 to regain compliance by maintaining a closing bid price of at least US$1 for a minimum of ten consecutive business days. If unsuccessful, FangDD may be eligible for an additional 180-day compliance period, provided it meets certain Nasdaq Capital Market listing requirements and expresses intention to cure the deficiency.

Fangdd Network Group (Nasdaq: DUO) has announced pricing of a US$7.0 million registered direct offering of Class A ordinary shares at US$0.7 per share (or US$0.6994375 per pre-funded warrant). The offering, expected to close around December 10, 2024, involves a securities purchase agreement with certain investors. MM Global Securities serves as the exclusive placement agent. The company plans to use the proceeds for general corporate purposes. The offering is made pursuant to an effective shelf registration statement previously filed with the SEC.

Fangdd Network Group (Nasdaq: DUO), a property technology company in China, has announced a US$5 million registered direct offering of Class A ordinary shares at US$0.7 per share, or pre-funded warrants at US$0.6994375 per warrant. The offering is expected to close around November 8, 2024. The company plans to use the proceeds for general corporate purposes. MM Global Securities, Inc. is serving as the exclusive placement agent. The offering is made pursuant to an effective shelf registration statement previously filed with the SEC.

FangDD Network Group (Nasdaq: DUO) has announced that it has regained compliance with Nasdaq's minimum bid price requirement. The company received a notification letter from Nasdaq on October 10, 2024, confirming that the closing bid price of FangDD's Class A ordinary shares had been at $1.00 per share or greater for ten consecutive business days, from September 26 through October 9, 2024.

This development resolves the non-compliance issue that was initially flagged on December 13, 2023, when FangDD was notified that it had fallen below the minimum bid price requirement as per Nasdaq Listing Rule 5550(a)(2). The company's American depositary shares had previously closed below $1.00 per share for 30 consecutive business days. With this compliance notice, Nasdaq has confirmed that the matter is now closed.

FangDD Network Group (Nasdaq: DUO), a property technology company in China, has announced the pricing of a US$4.5 million registered direct offering of Class A ordinary shares or pre-funded warrants. The offering is priced at US$0.88 per share or US$0.8794375 per pre-funded warrant. The company expects to close the offering on or about October 11, 2024, subject to customary closing conditions.

FangDD plans to use the net proceeds for general corporate purposes. MM Global Securities, Inc. is acting as the exclusive placement agent for this offering. The securities are being offered through an effective shelf registration statement previously filed with the SEC. A prospectus supplement and accompanying base prospectus will be filed with the SEC and made available on their website.

FangDD Network Group (Nasdaq: DUO), a property technology company in China, has announced the pricing of a US$5.0 million registered direct offering. The company will issue and sell up to 3,125,000 Class A ordinary shares (or pre-funded warrants) at US$1.60 per share (or US$1.5994375 per pre-funded warrant). The offering is expected to close around October 7, 2024, subject to customary conditions.

FangDD plans to use the net proceeds for general corporate purposes. MM Global Securities, Inc. is acting as the exclusive placement agent. The securities will be offered through an effective shelf registration statement previously filed with the SEC. A prospectus supplement and accompanying base prospectus will be filed with the SEC and made available on their website.

FangDD Network Group (Nasdaq: DUO), a property technology company in China, has announced a US$2.5 million registered direct offering of Class A ordinary shares. The company will issue and sell 1,612,902 Class A ordinary shares at US$1.55 per share to certain investors. The offering is expected to close on or about October 2, 2024, subject to customary closing conditions.

FangDD plans to use the net proceeds for general corporate purposes. MM Global Securities, Inc. has been engaged as the exclusive placement agent for this offering. The securities will be offered through an effective "shelf" registration statement on Form F-3 previously filed with the SEC. A prospectus supplement and accompanying base prospectus will be filed with the SEC and will be available on their website.