One and One Green Technologies Announces $13 Million Follow-on Offering

One and One Green Technologies (YDDL) said Friday it signed an agreement with two institutional investors to sell about 1.7 million units in a follow-on offering of its securities at $7.50 per unit, for expected gross proceeds of about $13 million.

Each unit comprises one Class A ordinary share and one warrant to buy one and a half Class A ordinary shares, the company said.

The investors will have the right, for a 45-day period after closing, to buy an additional $3 million of units, One and One said.

Net proceeds will be used for working capital and general corporate purposes.

The offering is expected to close on or about April 13.

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