AGM Group Announces Closing of US$25 Million Equity Line of Credit Facility

Core Viewpoint - AGM Group Holdings Inc. has entered into a securities purchase agreement with an institutional investor, allowing the company to issue and sell ordinary shares for gross proceeds of up to US$25 million, establishing an equity line of credit facility [1][2]. Group 1: Securities Purchase Agreement - The ELOC Purchase Agreement grants the company the right to issue shares at its discretion, subject to customary conditions, including an effective resale registration statement [2]. - The purchase price for shares sold under the ELOC will be based on the market price during the applicable measurement period [2]. Group 2: Warrant Issuance and Capital Access - The company issued a five-year warrant to the investor for the purchase of 608,777 ordinary shares at an exercise price of $2.4639 per share [3]. - The ELOC provides flexible access to capital over a 24-month term, with proceeds intended for general corporate purposes, including working capital and project development [3]. Group 3: Company Overview - AGM Group Holdings Inc. is focused on ASIC chip design, high-performance computing server production, and the development of crypto mining equipment [4].