Agora Announces Private Placement Financing of US$250 Million
February 01 2021 - 3:00AM
Agora, Inc. (NASDAQ: API) (“Agora” or the “Company”), a pioneer and
leading platform for real-time engagement APIs, today announced
that an accredited investor had agreed to purchase through a
private placement a total of US$250 million of newly issued
Class A ordinary shares of the Company, representing
approximately 4.5% of the Company’s total outstanding shares. The
private placement is expected to be closed in February 2021,
subject to the satisfaction or waiver of customary closing
conditions.
It is expected that the share issuance will be
exempted from registration under the Securities Act of 1933, as
amended, (the “Securities Act”) pursuant to Section 4(a)(2) of
the Securities Act regarding transactions not involving a public
offering or Regulation S under the Securities Act.
Safe Harbor Statement
This press release contains ‘‘forward-looking
statements’’ within the meaning of Section 27A of the Securities
Act and Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995.
All statements other than statements of historical or current fact
included in this press release are forward-looking statements,
including but not limited to statements regarding Agora’s financial
outlook, beliefs and expectations. Forward-looking statements
include statements containing words such as “expect,” “anticipate,”
“believe,” “project,” “will” and similar expressions intended to
identify forward-looking statements. Among other things, the
Financial Outlook in this announcement contain forward-looking
statements. These forward-looking statements are based on Agora’s
current expectations and involve risks and uncertainties that are
difficult to predict and many of which are beyond the Company’s
control. Further information regarding these and other risks,
uncertainties or factors is included in our filings with the
Securities and Exchange Commission, including, without limitation,
the final prospectus related to the initial public offering filed
with the Securities and Exchange Commission on June 26, 2020. You
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
All forward-looking statements are qualified in their entirety by
this cautionary statement, and Agora undertakes no obligation to
revise or update any forward-looking statements to reflect events
or circumstances after the date hereof.
About Agora
Agora’s mission is to make real-time engagement
ubiquitous, allowing everyone to interact with anyone, in any
application, anytime and anywhere. Agora’s platform provides
developers simple, flexible and powerful application programming
interfaces, or APIs, to embed real-time video and voice engagement
experiences into their applications.
For more information, please
visit: www.agora.io.
Investor Contact:Fionna
Cheninvestor@agora.io
Media Contact:Suzanne
Nguyenpress@agora.io
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