China Finance Online Announces $13.2 Million Private Placement of Ordinary Shares and Warrants

BEIJING, Dec. 27, 2021 /PRNewswire/ -- China Finance Online Co. Limited ("China Finance Online", or the "Company", "we", "us" or "our") (NASDAQ: JRJC), a leading web-based financial services company that provides Chinese individual investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced that it has entered into certain securities purchase agreements with certain accredited investors and the Company's senior management persons for private placements of 110 million Company's ordinary shares (or 2,200,000 ADS) for an aggregate consideration of $13.2 million at a per share price equals to $6.00 per ADS, each representing 50 ordinary shares of the Company. In addition, pursuant to the securities purchase agreements, the Company will issue to the investors a warrant to purchase up to 110 million ordinary shares (or 2,200,000 ADS) in aggregate, at an exercise price equals to $7.60 per ADS. These warrants will be exercisable in whole or in part for 5 years, and subject to certain conditions and adjustments.