Core Viewpoint - AIFU Inc. has entered into a definitive share purchase agreement to issue 10 million Class A ordinary shares at a price of $3.156 per share, along with warrants for an additional 20 million shares, aiming to raise approximately $31.6 million in gross proceeds [1][3]. Group 1: Share Issuance Details - The share issuance will result in a total of 15,870,271 ordinary shares outstanding, including 13,370,271 Class A and 2,500,000 Class B shares [2]. - The two largest investors in this transaction are expected to hold approximately 24.6% and 19.5% of the total outstanding shares, translating to 1.5% and 1.2% of the total voting power, respectively [2]. Group 2: Use of Proceeds - The net proceeds from the share issuance will be utilized to support the execution of the company's business plans, general working capital, and other corporate purposes as determined by the board of directors [3]. Group 3: Company Overview - AIFU Inc. is a leading AI-driven independent financial services platform in China, founded in 1998, and has developed a comprehensive ecosystem connecting various financial institutions and service providers [6]. - The company leverages AI and big data analytics to enhance operational efficiency and provide personalized services, including automated underwriting and claims processing [8].
AIFU Announces $31.6 Million Non-Brokered Private Placement