Aegis Capital Corp. acted as Exclusive Placement Agent on a $20 Million Registered Direct Offering of Ordinary Shares Priced At-the-Market for Meten Holding Group Ltd. (NASDAQ: METX).
Meten Holding Group Ltd. (NASDAQ:METX) has secured $20 million through a registered direct offering of ordinary shares, priced at-the-market. This capital is expected to support the company's ongoing expansion and development of its digital English Language Training services in China. Meten aims to enhance its reach and service quality through its innovative digital platform and extensive learning center network, catering to the rising demand for English proficiency among Chinese students and professionals.
- Successfully raised $20 million to support expansion.
- Funding will enhance digital platform and learning center network.
- Strong demand for English language training in China.
- None.
NEW YORK, NY / ACCESSWIRE / November 12, 2021 / Aegis Capital Corp. acted as Exclusive Placement Agent on a
About Meten Holding Group Ltd.
Meten Holding Group Ltd., formerly known as Meten EdtechX Education Group Ltd., is an English Language Training (ELT) service provider in China, delivering English language and skills training for Chinese students and professionals. Through a sophisticated digital platform and a nationwide network of learning centers, the Company provides its services under three industry-leading brands: Meten (adult and junior ELT services), ABC (primarily junior ELT services) and Likeshuo (online ELT). The Company offers superior teaching quality and student satisfaction, served by cutting edge technology deployed across its business, including AI-driven centralized teaching and management systems that record and analyze learning processes in real time. The Company is committed to improving the overall English language competence of the Chinese population to keep abreast of the rapid development of globalization. Its experienced management is focused on further developing its digital platform and expanding its network of learning centers to deliver a continually evolving service offerings to a growing number of students across China.
For more information, please visit: https://investor.metenedu-edtechx.com.
About Aegis Capital Corporation
Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research and sales and trading services to institutional investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.
For more information about this offering or Investment Banking Services please email Banking@aegiscap.com or call (212) 813-1010.
Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.
SOURCE: Aegis Capital Corp.
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FAQ
What is the significance of Meten's $20 million offering?
How will the funds from the offering be used by Meten Holding Group?
What is the pricing strategy for the ordinary shares offered by Meten?
