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Intchains Group Limited Announces Closing of Registered Direct Offering
Mar 28, 2025•about 1 year ago
Contract Type
agreement
Shanghai
Description
Intchains Group Limited announced the closing of its US$1.0 million registered direct offering for the purchase and sale of 361,011 American Depositary Shares (“ADSs”) and warrants to purchase up to an aggregate of 361,011 ADSs at US$2.77 per ADS. The company received gross proceeds of US$1.0 million from the issuance and sale of the ADSs and Warrants, intending to use the net proceeds primarily for upgrading altcoin mining machines and for other general corporate purposes that support its long-term goals.
Company Information
Company
Intchains Group Limited
Location
Shanghai, China
About
Intchains Group Limited is an innovative altcoins development company that focuses on providing integrated solutions consisting of high-performance computing ASIC chip products for altcoins. The company also acquires and holds ETH-based cryptocurrencies as long-term asset reserves. Intchains supports Web3 industry initiatives and actively develops Web3-based applications.
Shanghai