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TIAN RUIXIANG Holdings Ltd Announces Pricing of Follow-on Public Offering

Share this article Share this article BEIJING, June 3, 2021 /PRNewswire/ TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the Company ), a China-based insurance broker, announced today the pricing of its best-effort follow-on public offering of up to 4,800,000 units at a purchase price of US$7.50 per unit. Each unit consists of one Class A ordinary share of the Company, and one warrant to purchase one Class A ordinary share of the Company. The warrants will be exercisable immediately on the date of issuance (the Initial Exercise Date ) at an exercise price of US$8.00 per Class A ordinary share, subject to adjustments, and will expire five years from the Initial Exercise Date. The Company also announced the entry into a Securities Purchase Agreement with institutional investors that have agreed to purchase an aggregate of 2,000,000 units at the initial closing of the offering, which is expected to occur on or about June 07, 2021, subject to the satisfaction or waiver of customary clos

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