Amount Raised
$32.8 Million
Round Type
Post-IPO Equity
BeijingInformation TechnologySoftwareData And AnalyticsTransportationNavigation And MappingDescription
Luokung Technology Corp. (the "Company" or "Luokung") (NASDAQ: LKCO), today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct offering of $32.8 million of ordinary shares at a price of $1.20 per share. The Company will issue a total of 27,333,300 ordinary shares to the institutional investors. As part of the transaction, the Company will also issue to the investors warrants ("Warrants") for the purchase of up to 13,666,650 ordinary shares at an exercise price of $1.60 per share, which Warrants will have a term of three years from the date of issuance.
Quick answer
Luokung Technology raised $32.8 Million in a Post-IPO Equity round, dated September 20, 2021. Luokung Technology is based in Beijing, Beijing, China.
- How much did Luokung Technology raise?
- Luokung Technology raised $32.8 Million in a Post-IPO Equity round on September 20, 2021.
- What does Luokung Technology do?
- Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China.
- Where is Luokung Technology based and how big is it?
- Luokung Technology 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 Luokung Technology that raised within 45 days of this round, from Fundz verified event records.
- Autobrains raised $101M (Series C) on November 1, 2021.
- Sheeva.AI raised an undisclosed amount (Grant) on October 20, 2021.
- Sheeva.AI raised $1M (Seed) on October 12, 2021.
- Sama raised $70M (Funding Round) on November 4, 2021.
- ParcelHero raised an undisclosed amount on November 4, 2021.
- Propelo raised $12M (Funding Round) on November 4, 2021.
Who to call at Luokung Technology, and when
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- An alert the day Luokung Technology raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Luokung Technology, from your own LinkedIn network
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Luokung Technology 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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