AirNet Technology Inc. February 2025 Financial Report: Major Private Placement Insights

Here are the key insights and information extracted from the financial report (Form 6-K) of AirNet Technology Inc.:

1. Company Information:

• Name: AirNet Technology Inc.
• Address: Suite 301, No. 26 Dongzhimenwai Street, Chaoyang District, Beijing 100027, People's Republic of China.
• SEC Commission File Number: 001-33765.

2. Report Date:

• The report pertains to the month of February 2025.

3. Material Agreement:

• On February 19, 2025, AirNet Technology entered into a securities purchase agreement (SPA) with certain non-U.S. persons (Purchasers) as defined under Regulation S of the Securities Act of 1933.

4. Private Placement Details:

• The company agreed to sell up to 15,555,600 restricted ordinary shares at a price of $0.45 per share, amounting to an aggregate purchase price of approximately $7 million.
• The Offering closed on February 20, 2025, upon satisfaction or waiver of all closing conditions in the SPA.

5. Regulatory Information:

• The shares issued in the offering are exempt from registration requirements of the Securities Act under Regulation S.

6. Signatory Information:

• The report was signed by Yeung Yat Chuen, the Chief Executive Officer of AirNet Technology Inc., on February 20, 2025.

This information highlights a significant fundraising activity through a private placement, which may impact the company's financial position and capital structure moving forward. The exemption from registration indicates that these securities will not be publicly traded, which could suggest a focus on long-term strategic investors.