UP Fintech Holding Limited Announces US$90 Million Private Placement of Convertible Notes
April 05 2021 - 4:00AM
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.
About UP Fintech Holding Limited
UP Fintech Holding Limited is a leading online brokerage
firm focusing on global investors. The Company’s proprietary mobile
and online trading platform enables investors to trade in equities
and other financial instruments on multiple exchanges around the
world. The Company offers innovative products and services as well
as a superior user experience to customers through its “mobile
first” strategy, which enables it to better serve and retain
current customers as well as attract new ones. The Company offers
customers comprehensive brokerage and value-added services,
including trade order placement and execution, margin
financing, IPO subscription, ESOP management, investor
education, community discussion and customer support. The Company’s
proprietary infrastructure and advanced technology are able to
support trades across multiple currencies, multiple markets,
multiple products, multiple execution venues and multiple
clearinghouses.
For more information on the Company, please
visit: https://ir.itiger.com.
Safe Harbor Statement
This announcement contains forward−looking statements. These
statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward−looking statements can be identified by terminology such as
“may,” “might,” “aim,” “likely to,” “will,” “expects,”
“anticipates,” “future,” “intends,” “plans,” “believes,”
“estimates” and similar statements or expressions. Among other
statements, the business outlook and quotations from management in
this announcement, as well as the Company’s strategic and
operational plans, contain forward−looking statements. The Company
may also make written or oral forward−looking statements in its
periodic reports to the U.S. Securities and Exchange Commission
(“SEC”) on Forms 20−F and 6−K, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about the Company’s beliefs and expectations, are
forward−looking statements. Forward−looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward−looking statement, including but not limited to the
following: the cooperation with Interactive Brokers LLC and Xiaomi
Corporation and its affiliates; the Company’s growth strategies;
trends and competition in global financial markets; changes in the
Company’s revenues and certain cost or expense accounting policies;
the effects of the global COVID-19 pandemic; foreign and
international regulations and policies and actions by foreign
governmental or regulatory authorities that may affect our
internationalization strategy; and governmental policies relating
to the Company’s industry and general economic conditions in China
and other countries. Further information regarding these and other
risks is included in the Company’s filings with the SEC. All
information provided in this press release and in the attachments
is as of the date of this press release, and the Company undertakes
no obligation to update any forward-looking statement, except as
required under applicable law. Further information regarding these
and other risks is included in the Company’s filings with the
SEC.
For investor and media inquiries please
contact:Investor Relations ContactClark
S. SoucyUP Fintech Holding LimitedEmail: ir@itiger.com
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