Today, 7:21 AMToken Cat says AZI plans to subscribe for about $100 million of newly issued shares at $30 each under a preliminary agreement announced today, subject to definitive agreements and approvals, to strengthen its capital base and support automotive group-buying expansion.
Token Cat Ltd. operates as a holding company, which engages in the operation of an omni-channel automotive marketplace. It offers auto shows, group-purchase facilitation, and virtual dealership services. The company was founded by Wei Wen and Jian Chen Sun in 2010 and is headquartered in Beijing, China.
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