AirNet Completes Private Placement of US$5.7 million

Core Points - AirNet Technology Inc., previously known as AirMedia Group Inc., has completed a private placement of 3,372,788 ordinary shares for a total of US$5.7 million [1] Group 1 - The shares have a par value of US$0.04 each [1] - The shares are not registered under the Securities Act of 1933 or any state securities laws, meaning they cannot be transferred, sold, or offered for sale without an effective registration statement or applicable exemption [1]