The prospectus supplement and accompanying prospectus contain important information relating to this offering. The securities may be offered only by means of a written prospectus and prospectus supplement that form a part of the registration statement. 333-267397) previously filed with the SEC on Septemand declared effective by the SEC on September 29, 2022. The securities described above will be offered by the Company pursuant to an effective “shelf” registration statement on Form F-3 (File No. Securities and Exchange Commission (the “SEC”). Additional information regarding this offering and the Purchase Agreement will be included in a current report on Form 6-K to be furnished by the Company to the U.S. FangDD intends to use the net proceeds for general corporate purposes. The gross proceeds from the offering are expected to be approximately US$8.0 million. The closing of the offering is expected to occur on or about July 19, 2023, subject to satisfaction of closing conditions. The Company has also agreed to issue to investors reset warrants that permit cashless exercise on the 45th trading day following the date of the Purchase Agreement (such 45 trading day period, the “Measurement Period”) into a number of ADSs equal to the difference between (i) the quotient obtained by dividing (a) such investor’s subscription amount by (b) the greater of (A) the average of the five lowest volume-weighted average prices of the ADSs during the Measurement Period and (B) US$0.20, and (ii) the number of ADSs issued to such investor at the closing and if applicable, on the 15th and 30th trading days during the Measurement Period. The regular warrants to be issued have an exercise price of US$0.77 per ADS, which is subject to downwards adjustment pursuant to the terms thereof, and will be immediately exercisable until five years following issuance. Maxim Group, LLC is acting as the sole placement agent in connection with this offering. (Nasdaq: DUO) (“FangDD” or the “Company”), a customer-oriented PropTech company in China, today announced that it has entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors for the issuance and sale by the Company in a registered direct offering of 11,428,565 American Depositary Shares, or ADSs, at a purchase price of US$0.70 per ADS, and regular warrants to purchase up to an aggregate of 11,428,565 ADSs. Get detailed visibility into the security hygiene of every device, enforce contextual, adaptive authentication policies, and give your users a secure single sign-on experience.SHENZHEN, China, J(GLOBE NEWSWIRE) - Fangdd Network Group Ltd. Admins can simplify setup with out-of-the-box integrations with cloud apps, and set granular policies for each cloud application based on risk to enhance access security. Using Duo's Self-Remediation feature, you can automatically prompt users to update their software and security settings at each login attempt.ĭuo's secure SSO gives users an easy way to locate their cloud applications from a single portal. Secure devices by enabling your users to update their own out-of-date or inadequately-secured laptops, desktops, and mobile devices. Enforce contextual, adaptive authentication policies to grant or block authentication attempts based on user role device security (biometrics, screen lock and disk encryption), geo-location, network controls and use of anonymous networks, like Tor.ĭuo Access also gives you the option to apply policies to groups and restrict access based on location and anonymous networks.
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