NEW YORK, Sept. 8, 2020 /PRNewswire/ -- iClick Interactive
Asia Group Limited ("iClick" or the "Company") (NASDAQ: ICLK), an
independent online marketing and enterprise data solutions provider
in China, today announced that it
closed the follow-on offering of 8,500,001 American depositary
shares (the "ADSs"), with two ADSs representing one Class A
ordinary share of the Company, par value US$0.001 per share (the "Offering").
Of the ADSs sold in the Offering, 6,877,214 ADSs were sold by
iClick, and 1,622,787 ADSs were sold by Sumitomo Corporation Equity
Asia Limited, a selling shareholder. iClick will not receive any
proceeds from the sale of ADSs by such selling shareholder. In
connection with the Offering, iClick has granted the underwriters a
30-day option to purchase up to an additional 15% of the total ADSs
sold in the Offering.
Mr. Wing Hong Sammy Hsieh and Mr.
Jian Tang, two of the Company's
principal shareholders and co-founders, and Mr. Terence Li, chief financial officer of the
Company, have purchased an aggregate of 117,646 ADSs in the
Offering at the public offering price, with respect to which the
underwriters did not receive any underwriting discounts or
commissions.
iClick's ADSs are listed on the NASDAQ Global Market under the
symbol "ICLK." BofA Securities, Inc. acted as the lead left
book-running manager for the Offering, while China Renaissance
Securities (Hong Kong) Limited,
ICBC International Securities Limited[1] and
A.G.P./Alliance Global Partners acted as joint book-running
managers for the Offering. The Benchmark Company, LLC acted as
co-manager for the Offering. Roth Capital Partners, LLC acted as
financial advisor to the Company in connection with the
Offering.
A registration statement on Form F-3 was previously filed with
the U.S. Securities and Exchange Commission ("SEC") on June 28, 2019, and has been declared effective on
July 15, 2019. An additional
registration statement on Form F-3 was filed pursuant to Rule
462(b) and became automatically effective on September 2, 2020. A prospectus supplement and
the accompanying base prospectus describing the terms of the
Offering have been filed with the SEC. The Offering was made only
by means of the prospectus supplement and the accompanying base
prospectus. You may obtain these documents free of charge by
visiting EDGAR on the SEC website at www.sec.gov. Alternatively, a
copy of the prospectus supplement and the accompanying base
prospectus may be obtained from BofA Securities, Inc.,
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attention: Prospectus
Department or by emailing dg.prospectus_requests@bofa.com.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor will there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction.
[1] ICBC
International Securities Limited is not a broker-dealer registered
with the United States Securities Exchange Commission, and has not
and will not offer or sell any of the Company's ADSs in the United
States.
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About iClick Interactive Asia Group Limited
iClick Interactive Asia Group Limited (NASDAQ: ICLK) is an
independent online marketing and enterprise data solutions provider
that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, our
proprietary platform possesses omni-channel marketing capabilities
and fulfils various marketing objectives in a data-driven and
automated manner, helping both international and domestic marketers
reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and
is currently operating in ten locations worldwide including
Asia and Europe.
Cautionary Note Regarding Forward-Looking Statements
This announcement contains forward-looking statements, including
those related to the Company's business strategies, operations and
financial performance. These statements constitute
"forward-looking" statements within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in
the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements. Such
statements are based upon management's current expectations and
current market and operating conditions and relate to events that
involve known or unknown risks, uncertainties and other factors,
all of which are difficult to predict and many of which are beyond
the Company's control. Forward-looking statements involve inherent
risks and uncertainties. A number of factors could cause actual
results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: the Company's fluctuations in growth; its success in
implementing its mobile and new retail strategies, including
extending its solutions beyond its core online marketing business;
its success in structuring a CRM & Marketing Cloud platform;
relative percentage of its gross billing recognized as revenue
under the gross and net models; its ability to retain existing
clients or attract new ones; its ability to retain content
distribution channels and negotiate favorable contractual terms;
market competition, including from independent online marketing
technology platforms as well as large and well-established internet
companies; market acceptance of online marketing technology
solutions and enterprise solutions; effectiveness of its algorithms
and data engines; its ability to collect and use data from various
sources; ability to integrate and realize synergies from
acquisitions, investments or strategic partnership; the duration of
the COVID-19 outbreak and its potential impact on the Company's
business and financial performance; fluctuations in foreign
exchange rates; and general economic conditions in China and other jurisdictions where the
Company operates; and the regulatory landscape in China and other jurisdictions where the
Company operates. Further information regarding these and other
risks is included in the Company's annual report on Form 20-F, in
the prospectus supplement related to the Offering and other filings
with the SEC. All information provided in this press release is as
of the date of this press release, and none of the Company nor the
underwriters undertakes any obligation to update any
forward-looking statement.
For investor inquiries, please contact:
In
China:
iClick Interactive
Asia Group Limited
Lisa Li
Phone:
+86-21-3230-3931 #892
E-mail:
ir@i-click.com
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In the United
States:
Core
IR
John Marco
Tel:
+1-516-222-2560
E-mail:
johnm@coreir.com
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SOURCE iClick Interactive Asia Group Limited