Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

LUOKUNG TECHNOLOGY CORP.

(LKCO)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Luokung Technology : Chinese mapping tech firm Luokung makes $32.8 mln direct share offering

09/20/2021 | 10:38am EDT

Sept 20 (Reuters) - Chinese mapping technology company Luokung Technology Corp said on Monday it will offer $32.8 million worth of shares in a direct offering.

This is Luokung's first share offering to institutional investors since May when Nasdaq had withdrawn a decision to delist the company's shares, after a U.S. judge suspended an imminent investment ban imposed under the former Trump administration.

Luokung was one of the companies on a U.S. list of alleged "Communist Chinese Military Companies" subject to the ban to win a preliminary injunction halting the designation.

Under the deal, the company would issue 27.3 million shares at $1.20 per share and warrants for the purchase of up to 13.7 million shares at a price of $1.60 per share.

The offering is expected to close on or about Sept. 22.

Earlier this month, the company said in a letter to shareholders that it was not a state-owned enterprise and it was not affiliated with the Chinese military. (https://prn.to/3hRnfel) (Reporting by Tiyashi Datta in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2021
All news about LUOKUNG TECHNOLOGY CORP.
09/27LUOKUNG TECHNOLOGY : Pryor Cashman Represents Luokung Technology Corp. In Registered Direc..
AQ
09/22LUOKUNG TECHNOLOGY : Announces the Closing of $32.8 Million Registered Direct Offering (Fo..
PU
09/22LUOKUNG TECHNOLOGY CORP. : Announces the Closing of $32.8 Million Registered Direct Offeri..
PR
09/21LUOKUNG TECHNOLOGY : PLACEMENT AGENCY AGREEMENT (Form 6-K)
PU
09/20SHANGHAI STOCK EXCHANGE B SHARES IND : Luokung to Raise $33 Million From Private Share Sal..
MT
09/20Top Midday Decliners
MT
09/20LUOKUNG TECHNOLOGY : to Raise $32.8 Million in Registered Direct Offering; Shares Slump 26..
MT
09/20LUOKUNG TECHNOLOGY : Chinese mapping tech firm Luokung makes $32.8 mln direct share offeri..
RE
09/20LUOKUNG TECHNOLOGY CORP. : Announces $32.8 Million Registered Direct Offering
PR
09/20LUOKUNG TECHNOLOGY CORP.(NASDAQCM : LKCO) added to S&P Global BMI Index
CI
More news
Financials (USD)
Sales 2020 18,3 M - -
Net income 2020 -39,9 M - -
Net Debt 2020 40,8 M - -
P/E ratio 2020 -3,79x
Yield 2020 -
Capitalization 402 M 402 M -
EV / Sales 2019 19,2x
EV / Sales 2020 10,1x
Nbr of Employees 180
Free-Float 79,4%
Chart LUOKUNG TECHNOLOGY CORP.
Duration : Period :
Luokung Technology Corp. Technical Analysis Chart | LKCO | VGG569811067 | MarketScreener
Technical analysis trends LUOKUNG TECHNOLOGY CORP.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Managers and Directors
Xue Song Song Chairman & Chief Executive Officer
Dong Pu Zhang President & Director
Jie Yu Chief Financial Officer
Baomin Li Chief Technical Officer
Jin Meng Bryan Yap Independent Director
Sector and Competitors
1st jan.Capi. (M$)
LUOKUNG TECHNOLOGY CORP.54.41%402
MICROSOFT CORPORATION39.00%2 321 142
SEA LIMITED78.50%196 181
ATLASSIAN CORPORATION PLC80.96%106 965
ZOOM VIDEO COMMUNICATIONS, INC.-17.71%82 477
DASSAULT SYSTÈMES SE40.43%71 364