Blockchain ASIC chip development company AGM Group to raise $25 million through rights issue

Odaily Planet Daily reports that AGM Group, a NASDAQ-listed blockchain ASIC chip development company, announced that it has signed a securities purchase agreement with an institutional investor to raise $25 million by issuing and selling common shares of the company. The funds are intended for general corporate purposes, including working capital, project development, production financing, and other strategic initiatives. (stocktitan)

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