SHENZHEN, China, March 10, 2021 /PRNewswire/ -- TD Holdings,
Inc. (Nasdaq: GLG) (the "Company"), a commodities trading
service provider in China, today announced a waiver and
warrant exercise agreement by the Company and several accredited
investors, pursuant to which certain accredited investors agreed to
cashlessly exercise all the outstanding warrants to purchase up to
an aggregate of 100,000 shares of common stock issued by the
Company on May 23, 2019 (the "May
Warrants") and the warrants to purchase up to an aggregate of
1,530,000 shares of common stock issued by the Company on
April 15, 2019 (the "April
Warrants"), and the Company agreed to waive the obligation of such
investors to pay certain portion of the exercise price of the
warrants.
In accordance with the waiver and warrant exercise agreement,
Company will waive $0.37 per share
for each of the May Warrants, and waive $1.03 per share for each of the April Warrants.
The investors will cashlessly exercise all the outstanding
warrants, as a result, the Company will not receive any proceeds
from such warrant exercise.
The shares of common stock issuable upon exercise of these
warrants are registered pursuant to a registration statement on
Form S-3 (File No. 333-239757) which became effective by the
Securities and Exchange Commission (SEC) on August 4, 2020.
The shares issuable upon exercise of all the warrants have not
been registered under the Securities Act of 1933, as amended, and
may not be offered or sold in the United
States absent registration with the SEC or an applicable
exemption from such registration requirements. The company has
agreed to file a prospectus supplement to the Registration
Statement on Form S-3 (File No. 333-239757) with the SEC covering
the resale of the shares issuable upon exercise of all the warrants
prior to 9:30 AM EST March 10, 2021.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or
jurisdiction.
About TD Holdings, Inc.
TD Holdings, Inc. is a service provider currently engaging in
commodity trading business and supply chain service business in
China. Its commodities trading
business primarily involves purchasing non-ferrous metal product
from upstream metal and mineral suppliers and then selling to
downstream customers. Its supply chain service business primarily
has served as a one-stop commodity supply chain service and digital
intelligence supply chain platform integrating upstream and
downstream enterprises, warehouses, logistics, information, and
futures trading. For more information please
visit http://ir.tdglg.com.
Safe Harbor Statement
This press release may contain certain "forward-looking
statements" relating to the business of TD Holdings, Inc. and its
subsidiary companies. All statements, other than statements of
historical fact included herein are "forward-looking statements."
These forward-looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions, involve known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. The following factors,
among others, could cause actual results to differ materially from
those described in these forward-looking statements: there is
uncertainty about the spread of the COVID-19 virus and the impact
it will have on the Company's operations, the demand for the
Company's products and services, global supply chains and economic
activity in general. Investors should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. Investors should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. The Company's actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the Company's periodic reports that are filed with the
Securities and Exchange Commission and available on its website at
http://www.sec.gov. All forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
a duty to update these forward-looking statements.
For more information, please contact:
Investor Relations:
Dong Cao
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +86 13502048965
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SOURCE TD Holdings, Inc.