Fangdd Announces Pricing of US$5 Million Registered Direct Offering

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].