- Missfresh Ltd MF has entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN LTD, a Cayman Islands exempt limited partnership managed by Yorkville Advisor Global LP.
- Missfresh will sell up to $300 million of Class B ordinary shares at any time, based on its funding requirement, during the 36 months following the March 4, 2022, date of the SEPA.
- "The additional fundings will give us robust operational and strategic flexibility as we drive forward to further implement our strategy and achieve our commercial milestones," said CEO Zheng Xu.
- Price Action: MF shares are trading at $2.03 on Monday's last check.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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