Blockchain ASIC Chip R&D Company AGM Group to Raise $25 Million Through Private Placement

According to Odaily, Nasdaq-listed blockchain ASIC chip R&D company AGM Group announced that it has entered into a securities purchase agreement with an institutional investor. The company plans to raise $25 million by issuing and selling its common stock to the investor. The proceeds are intended for general corporate purposes, including working capital, project development, production financing, and other strategic initiatives. (stocktitan)