Round Type
Funding Round
BeijingInformation TechnologySoftwareData And AnalyticsTransportationNavigation And MappingDescription
Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), one of the global leading spatial-temporal big-data processing technology companies, a leading interactive location-based services company in China, today announced it has entered into a preferred share subscription agreement with Daci Haojin Foundation Limited ("Daci Haojin"), the Company will issue 15 million preferred shares to Daci Haojin at USD $3.00 per share resulting in an aggregate financing of USD $45 million of gross proceed to the Company. The first installment for an aggregate amount of $13,500,000 is expected to occur on July 31, 2020, and two subsequent installments of $13,500,000 and $18,000,000 each are expected to occur on August 31, 2020 and September 30, 2020, respectively. Twelve (12) months after Daci Haojin completes the payment of the consideration of the subscription, Daci Haojin's preferred shares will automatically converts into the Company's ordinary shares at a 1:1 ratio
Quick answer
Daci Haojin Foundation Limited raised an undisclosed amount in a Funding Round round, dated July 1, 2020. Daci Haojin Foundation Limited is based in Beijing, Beijing, China.
- How much did Daci Haojin Foundation Limited raise?
- Daci Haojin Foundation Limited raised an undisclosed amount in a Funding Round round on July 1, 2020.
- Where is Daci Haojin Foundation Limited based and how big is it?
- Daci Haojin Foundation Limited is based in Beijing, Beijing, China.
Source: Fundz verified event record.
Who else raised in Data And Analytics and Transportation around the same time
Companies in the same sectors as Daci Haojin Foundation Limited that raised within 45 days of this round, from Fundz verified event records.
- Sheeva.AI raised $9.3M (Pre-Seed) on August 4, 2020.
- Health Catalyst raised $23M on August 4, 2020.
- Microsoft raised $270M on July 24, 2020.
- PassiveLogic raised $14M on July 14, 2020.
- kWh Analytics raised $3.7M (Seed) on July 8, 2020.
- Fivetran raised $100M (Funding Round) on June 30, 2020.
Who to call at Daci Haojin Foundation Limited, and when
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- An alert the day Daci Haojin Foundation Limited raises, hires an executive or expands, scored against what you sell
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Daci Haojin Foundation Limited raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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