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UP Fintech Holding Limited Announces US$90 Million Private Placement of Convertible Notes
UP Fintech Holding LimitedApril 5, 2021 GMT
BEIJING, April 05, 2021 (GLOBE NEWSWIRE) UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that a consortium of leading institutional investors has subscribed to purchase convertible notes in an aggregate principal amount of US$90 million through a private placement. Consummation of the placement of the convertible notes is subject to satisfaction of customary closing conditions. The convertible notes to be issued will mature in 2026 unless previously converted.