AirNet Technology Inc. Unveils $7M Share Purchase Agreement in Form 6-K Report

Here are the key insights extracted from the financial report:

1. Company Information:

• Name: AirNet Technology Inc. (formerly AirMedia Group Inc.)
• Commission File Number: 001-33765
• Address: Suite 301, No. 26 Dongzhimenwai Street, Chaoyang District, Beijing 100027, The People’s Republic of China.

2. Report Type:

• This is a Form 6-K, which is typically used by foreign private issuers to report significant events.

3. Transaction Details:

• Date of Agreement: January 13, 2025.
• The company entered into a share purchase agreement with certain investors (referred to as “Purchasers”).
• Shares Offered: 15,070,000 ordinary shares.
• Par Value: US$0.04 per share.
• Purchase Price: US$0.4675 per share.
• Gross Proceeds: The total expected proceeds from the sale will be US$7.0 million.

4. Regulatory Notes:

• The transaction is not required to be registered under Section 5 of the Securities Act.
• Closing of the Purchase Agreement will occur on the first business day following the date of the Share Subscription Agreement, subject to customary closing conditions.

5. Legal Disclaimer:

• The report clarifies that it does not constitute an offer to sell or solicitation of an offer to buy the described securities.

6. Incorporation Reference:

• This report is incorporated by reference into the Company’s Registration Statement on Form F-3, initially filed on May 10, 2024 (Registration No. 333-279318).

7. Signature:

• The report is signed by Yuan Feng, Co-Chief Executive Officer, on January 16, 2025.

These points highlight the significant transaction undertaken by AirNet Technology Inc., providing insights into its financial activities, regulatory compliance, and corporate governance.