Aurora Mobile issues warrant to PAG Pegasus Fund
Aurora Mobile Limited has issued a warrant to PAG Pegasus Fund, giving the investor the right to buy up to 9,666,666 common shares, equivalent to about 725,000 American Depositary Shares (ADSs).
Rhea-AI Filing Summary
Aurora Mobile Limited has issued a warrant to PAG Pegasus Fund, giving the investor the right to buy up to 9,666,666 common shares, equivalent to about 725,000 American Depositary Shares (ADSs). The initial exercise price is US$1.035 per common share, or US$13.8 per ADS, which is more than 85% above the company’s recent 10-day average closing price of about US$7.43 per ADS.
The warrant expires on February 10, 2029. Aurora Mobile and the investor will use best efforts to file a registration statement for the warrant’s underlying common shares and ADSs. Separately, the company entered into a data analytics service agreement with PAG Pegasus Fund, under which Aurora Mobile will provide analytics services to support the investor’s investment activities in return for service fees.
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