Lizhi’s $30.0 Million Registered Direct Offering

Hunter Taubman Fischer & Li advised Lizhi on the deal.

Lizhi Inc. (NASDAQ: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, closed its previously announced registered direct offering of 3,685,504 of the Company’s American Depositary Shares (the “ADSs”) and warrants to purchase up to 2,764,128 ADSs, at a purchase price of US$8.14 per ADS and corresponding warrant. Each ADS represents 20 Class A ordinary shares, par value US$0.0001 per share.

The gross proceeds were $30,000,002 before deducting placement agent fees and other offering expenses. The Company intends to use the proceeds from the offering for the development of its online audio business in both overseas markets and mainland China and other general corporate purposes.

Hunter Taubman Fischer & Li advised Lizhi with a team led by Ying Li (Picture) and Guillaume de Sampigny.

Involved fees earner: Guillaume de Sampigny – Hunter Taubman Fischer & Li LLC; Ying Li – Hunter Taubman Fischer & Li LLC;

Law Firms: Hunter Taubman Fischer & Li LLC;

Clients: Lizhi;

Print Friendly, PDF & Email

Author: Martina Bellini