Workflow
Fangdd(DUO)
icon
Search documents
FangDD Announces US$5,000,000 Senior Convertible Notes Offering
Globenewswire· 2025-02-11 13:00
Core Viewpoint - Fangdd Network Group Ltd. has entered into a securities purchase agreement to offer convertible promissory notes and Class A ordinary shares, aiming to raise US$5 million for general corporate purposes [1][4]. Group 1: Securities Offering Details - The offering includes senior 5% original issue discount convertible promissory notes with a total principal amount of US$5 million [1]. - The notes have a term of nine months and do not accrue interest unless an event of default occurs, in which case interest will accrue at 15% per annum [2]. - Holders can convert their notes into Class A ordinary shares based on a conversion price that is the lower of a fixed price or an alternative price, with a floor price set at US$0.11 per share [3]. Group 2: Closing and Use of Proceeds - The offering is expected to close on or about February 11, 2025, subject to customary closing conditions [4]. - The net proceeds from the offering will be used for general corporate purposes [4]. Group 3: Company Overview - Fangdd Network Group Ltd. is a property technology company in China that focuses on digitalizing real estate transactions through innovative technologies [7]. - The company utilizes mobile internet, cloud computing, big data, and artificial intelligence to enhance the real estate transaction process [8].
PETTINGELL PROFESSIONALS NAMED COLDWELL BANKER REALTY'S NO. 1 DUO IN THE NATION
Prnewswire· 2025-01-29 19:24
Core Insights - Coldwell Banker Realty's Pettingell Professionals achieved over $221 million in closed sales volume in 2024, making them the No. 1 Duo by sales volume for Coldwell Banker Real Estate [1] - The team has been recognized as the No. 1 in Sarasota County for 15 consecutive years, according to the REALTOR® ASSOCIATION of Sarasota & Manatee [2] - Roger Pettingell has a career sales total nearing $3 billion over 40+ years [2] Team and Recognition - Pettingell Professionals includes Roger Pettingell, Thomas Arbuckle, Saleemah Stanley, Lola Diaz, and Scott Shields [1] - The team is affiliated with Coldwell Banker Realty in Longboat Key and consistently earns the International Society of Excellence Award [3] - Roger Pettingell was listed among the Top 250 individual real estate agents in the U.S. in the 2024 RealTrends + Tom Ferry The Thousand list [3] Community Engagement - Roger Pettingell established The Pettingell Family Foundation to give back to the Sarasota community [4] Market Position - The team specializes in the luxury real estate market in Sarasota and Longboat Key, maintaining strong performance despite challenges such as hurricanes [6] - Coldwell Banker Realty in Florida operates approximately 79 offices with 7,546 affiliated sales associates, making it a leading residential real estate brokerage [7]
FangDD Received Nasdaq Notification Regarding Minimum Bid Price Requirement
Globenewswire· 2024-12-27 12:00
Core Points - Fangdd Network Group Ltd. has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement, as its Class A ordinary shares closed below US$1 for 30 consecutive business days from November 11 to December 23, 2024 [1][2] - The company has been granted a compliance period of 180 calendar days 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 [2] - If compliance is not regained within the initial 180 days, the company may be eligible for an additional 180-day compliance period, provided it meets other listing requirements [2] - The notification does not currently affect the listing or trading of the company's shares on Nasdaq, and the company is monitoring its share price and considering options to address the deficiency [3] Company Overview - Fangdd Network Group Ltd. is a property technology company in China, focusing on real estate transaction digitalization services [4] - The company utilizes mobile internet, cloud, big data, and artificial intelligence to revolutionize real estate transactions through a suite of modular products and SaaS tools [4]
Fangdd Announces Pricing of US$7.0 Million Registered Direct Offering
GlobeNewswire Inc.· 2024-12-09 17:30
Core Viewpoint - Fangdd Network Group Ltd. has announced a securities purchase agreement for the issuance and sale of US$7.0 million of Class A ordinary shares at a price of US$0.7 per share, aiming to utilize the proceeds for general corporate purposes [1][2]. Group 1: Securities Offering - The offering is expected to close on or about December 10, 2024, subject to customary closing conditions [2]. - The securities will be offered under an effective shelf registration statement previously filed with the SEC [3]. - The offering includes Class A ordinary shares and pre-funded warrants, with detailed information available in the prospectus supplement to be filed with the SEC [3]. Group 2: Company Overview - Fangdd Network Group Ltd. is a property technology company in China, focusing on real estate transaction digitalization services [5]. - The company utilizes mobile internet, cloud, big data, and artificial intelligence to revolutionize real estate transactions through SaaS tools and modular products [5].
Fangdd Announces Pricing of US$5 Million Registered Direct Offering
GlobeNewswire News Room· 2024-11-07 19:20
Core Viewpoint - Fangdd Network Group Ltd. has announced a securities purchase agreement for the issuance and sale of US$5 million of Class A ordinary shares at a price of US$0.7 per share, aiming to utilize the proceeds for general corporate purposes [1][2]. Group 1: Securities Offering - The offering is expected to close on or about November 8, 2024, subject to customary closing conditions [2]. - The securities will be offered under an effective "shelf" registration statement previously filed with the SEC [3]. - The offering includes Class A ordinary shares and pre-funded warrants, with the prospectus supplement to be filed with the SEC [3]. Group 2: Company Overview - Fangdd Network Group Ltd. is a property technology company in China, focusing on real estate transaction digitalization services [5]. - The company utilizes mobile internet, cloud, big data, and artificial intelligence to revolutionize real estate transactions through SaaS tools and solutions [5].
FangDD Announces Pricing of US$4.5 Million Registered Direct Offering
GlobeNewswire News Room· 2024-10-10 18:05
Core Viewpoint - Fangdd Network Group Ltd. has announced a securities purchase agreement for the issuance and sale of US$4.5 million of Class A ordinary shares at a price of US$0.88 per share, expected to close around October 11, 2024 [1] Group 1: Offering Details - The offering involves the issuance of US$4.5 million in Class A ordinary shares or pre-funded warrants, priced at US$0.88 per share or US$0.8794375 per pre-funded warrant [1] - The offering is subject to customary closing conditions and is expected to close on or about October 11, 2024 [1] - The net proceeds from the offering will be used for general corporate purposes [1] Group 2: Placement Agent - Fangdd has engaged MM Global Securities, Inc. as its exclusive placement agent for this offering [2] Group 3: Registration Information - The securities will be offered under an effective "shelf" registration statement on Form F-3, previously filed with the SEC on September 13, 2022, and declared effective on September 29, 2022 [3] - A written prospectus and prospectus supplement will be available, containing important information regarding the Class A ordinary shares and pre-funded warrants [3] Group 4: Company Overview - Fangdd Network Group Ltd. is a property technology company in China, focusing on real estate transaction digitalization services [5] - The company utilizes mobile internet, cloud, big data, and artificial intelligence to revolutionize real estate transactions through a suite of modular products and SaaS tools [5]
FangDD Announces Pricing of US$5.0 Million Registered Direct Offering
GlobeNewswire News Room· 2024-10-04 18:20
Core Viewpoint - Fangdd Network Group Ltd. has announced a securities purchase agreement for the issuance of up to 3,125,000 Class A ordinary shares at a price of US$1.60 per share, aiming to close the offering around October 7, 2024, for general corporate purposes [1]. Group 1: Offering Details - The offering involves the sale of up to 3,125,000 Class A ordinary shares or pre-funded warrants at a price of US$1.60 per share [1]. - The offering is expected to close on or about October 7, 2024, subject to customary closing conditions [1]. - MM Global Securities, Inc. has been engaged as the exclusive placement agent for this offering [2]. Group 2: Regulatory Information - The securities will be offered under an effective "shelf" registration statement on Form F-3, previously filed with the SEC on September 13, 2022, and declared effective on September 29, 2022 [3]. - A written prospectus and prospectus supplement will be available, containing important information regarding the Class A ordinary shares and pre-funded warrants [3]. Group 3: Company Overview - Fangdd Network Group Ltd. is a property technology company in China, focusing on real estate transaction digitalization services [5]. - The company utilizes mobile internet, cloud, big data, and artificial intelligence to revolutionize real estate transactions through a suite of modular products and SaaS tools [5].
FangDD Announces US$2.5 Million Registered Direct Offering of Class A Ordinary Shares
GlobeNewswire News Room· 2024-10-01 18:30
Core Viewpoint - Fangdd Network Group Ltd. has announced a securities purchase agreement for the issuance of 1,612,902 Class A ordinary shares at a price of US$1.55 per share, aiming to raise funds for general corporate purposes [1]. Group 1: Securities Offering - The offering is expected to close on or about October 2, 2024, subject to customary closing conditions [1]. - The company has engaged MM Global Securities, Inc. as its exclusive placement agent for this offering [2]. - The securities will be offered under an effective "shelf" registration statement previously filed with the SEC [3]. Group 2: Company Overview - Fangdd Network Group Ltd. is a property technology company in China, focusing on real estate transaction digitalization services [5]. - The company utilizes mobile internet, cloud, big data, and artificial intelligence to revolutionize real estate transactions through SaaS tools and solutions [5].
Fangdd(DUO) - 2024 Q3 - Quarterly Report
2024-09-30 11:19
Exhibit 99.1 THE COMPANIES ACT (AS REVISED) OF THE CAYMAN ISLANDS COMPANY LIMITED BY SHARES SIXTH AMENDED AND RESTATED MEMORANDUM OF ASSOCIATION OF FANGDD NETWORK GROUP LTD. (Adopted by a Special Resolution passed on 11 July 2024 and effective on 12 August 2024) 1. The name of the Company is Fangdd Network Group Ltd. 2. The Registered Office of the Company will be situated at Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman KY1-1104, Cayman Islands, or at such other location within ...
Fangdd(DUO) - 2024 Q2 - Quarterly Report
2024-09-27 12:00
Exhibit 99.1 FANGDD NETWORK GROUP LTD. INDEX TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | CONTENTS | PAGE(S) | | --- | --- | | UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2023 AND JUNE 30, | | | 2024 | F-2 – F-3 | | UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE | | | INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2024 | F-4 | | UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY | ...