Autozi Internet Technology (AZI) inks SPA for 1.75B new shares
Rhea-AI Filing Summary
Autozi Internet Technology (Global) Ltd. reported that it has signed a Securities Purchase Agreement with certain non-U.S. investors for a private placement of its shares. The company agreed to sell an aggregate of 1,748,630,000 Class A ordinary shares, each with a par value of $0.000001, at a price of $0.0183 per share in a transaction exempt from registration under U.S. securities laws. The company and the investors provided customary representations, warranties, and covenants in the agreement, and the closing is expected in the fourth quarter of 2025, subject to necessary regulatory clearance.
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Insights
Autozi plans a large private share issuance to non-U.S. investors.
Autozi Internet Technology (Global) Ltd. has entered into a Securities Purchase Agreement with certain non-U.S. investors for a private placement of 1,748,630,000 Class A ordinary shares at $0.0183 per share. The transaction is structured as an exempt offering under the Securities Act of 1933, meaning it is not being registered with the SEC.
The agreement includes customary representations, warranties, and covenants by both the company and the investors, which is typical for this type of financing arrangement. Closing is expected in the fourth quarter of
If the transaction closes as described, it will result in a substantial issuance of new shares to the non-U.S. investors, with overall impact determined by the company’s existing share base and future disclosures once the deal is completed.