NaaS Technology Raises $21M Via Equity Offering To Certain Investors

by Shivani Kumaresan, Benzinga Staff Writer

May 31, 2023 8:08 AM | 1 min read |

NaaS Technology Inc NAAS has completed $21 million of registered direct offering to certain investors, including Adrian Cheng and CST Group Limited, on May 30, 2023.
The company and the investors entered into share subscription agreements on May 29, 2023, by which the investors subscribed for and purchased 3.5 million American depositary shares from the company.
The company offered securities directly to the investors without the participation of underwriters or placement agents.
NAAS is a third-party charging network in China and is a subsidiary of Newlinks Technology Limited, an energy digitalization group in China.
Price Action: NAAS shares are trading higher by 4.31% at $7.50 in premarket on the last check Wednesday.