AGM Group Holdings Inc. - AGMH STOCK NEWS

AGM Group Holdings Inc (NASDAQ: AGMH) announced it will report unaudited financial results for the fourth quarter and full year ended December 31, 2021, on April 26, 2022, prior to U.S. market opening. A conference call will follow at 8:00 AM ET on the same day. The company focuses on fintech software services and high-performance hardware production. AGM aims to be a key player in the global fintech and blockchain ecosystem.

AGM Group Holdings Inc. (NASDAQ: AGMH) has successfully delivered 1,335 Bitcoin mining machines to Meten Holding Group Ltd. (NASDAQ: METX) as part of a strategic partnership. This collaboration aims to develop a blockchain ecosystem by integrating technology, products, and services. Mr. Chenjun Li, Co-CEO of AGMH, highlighted that the delivery was achieved despite global supply chain disruptions, showcasing the company's execution capabilities. Both companies express optimism about enhancing their blockchain initiatives moving forward.

AGM Group Holdings Inc. (Nasdaq: AGMH) completed a registered direct offering of 2,898,552 Class A ordinary shares and a private offering of warrants for 1,449,276 Class A ordinary shares, raising approximately $20 million. This offering was conducted under a shelf registration statement filed with the SEC. The shares were registered, while the warrants and underlying shares are exempt from registration requirements. The law firm Ortoli Rosenstadt LLP represented AGM Group in this transaction, which could potentially enhance the company’s liquidity and growth prospects.

AGM Group Holdings Inc. (AGMH) has completed a registered direct offering and private placement, raising approximately US$20 million in gross proceeds. The offering includes 2,898,552 Class A ordinary shares priced at $6.90 each, with investors receiving one-half unregistered warrant per share. The 3.5-year warrants, exercisable at $8.30, total 1,449,276. Proceeds will support research and development, equipment sourcing, and talent recruitment, bolstering AGMH’s position in the blockchain ecosystem.

AGM Group Holdings Inc. (NASDAQ: AGMH) has announced a registered direct offering of $20 million of its Class A ordinary shares, expected to close around December 14, 2021. The offering includes 2,898,552 shares priced at $6.90 each, with investors also receiving warrants. Each share sold will be paired with one-half of a warrant, totaling 1,449,276 warrants at a strike price of $8.30. FT Global Capital, Inc. is the exclusive placement agent. The offering will be conducted under an effective shelf registration statement.

AGM Group Holdings Inc. (AGMH) reported its unaudited financial results for Q3 2021, highlighting significant growth in revenue and profitability. Total revenues soared to $5.34 million, up from $31,261 the previous year, largely due to the sale of cryptocurrency mining machines. Gross profit reached $0.71 million, marking a substantial increase. AGMH reversed its net loss to a net income of $0.20 million, compared to a loss of $0.32 million in Q3 2020. The company also secured multiple large purchase orders for its mining machines, reinforcing its market position amid ongoing semiconductor shortages.

AGM Group Holdings Inc. (NASDAQ: AGMH) announced it will report its unaudited financial results for Q3 2021 on December 3, 2021, before U.S. market opens. The earnings conference call will occur at 8:00 AM ET on the same day. Interested participants must register online beforehand to obtain access details. Founded in April 2015 and headquartered in Beijing, AGMH focuses on fintech software services and high-performance computing equipment, aiming to contribute to the global fintech ecosystem.

AGM Group Holdings Inc (AGMH) announced its plans to explore strategic opportunities for establishing a manufacturing base in North America, specifically in the U.S. or Canada, to enhance its position in the Bitcoin mining sector. This initiative aims to streamline supply chains and improve local market penetration. Potential locations include Pittsburgh and Seattle. Led by Chief Strategy Officer Bo Zhu, AGMH has already started testing components with local manufacturers. Co-CEO Chenjun Li highlighted the significance of this move for expanding their North American operations and client engagement.

AGM Group Holdings Inc (AGMH) has secured a purchase order from Code Chain New Continent Limited (CCNC) for 10,000 cryptocurrency mining machines valued at $65 million. The order is set for delivery in the second half of 2022 and includes an option for an additional 10,000 units. This collaboration is expected to strengthen AGMH's position in the cryptocurrency market and enhance its capabilities in providing high-performance mining equipment. The agreement marks a significant milestone for both AGMH and CCNC as they expand in the cryptocurrency sector.