<a href="https://laohu8.com/S/AMBR">Amber International Holding</a> Ltd. Secures $25.5 Million in Private Placement to Boost Crypto Reserve <a href="https://laohu8.com/S/MSTR">Strategy</a>
Amber International Holding Ltd. has announced a $25.5 million private placement, underscoring strong investor confidence in the company's strategic initiatives. The offering saw institutional investors subscribing at US$10.45 per American Depositary Share $(ADS.AU)$, reflecting a 5% discount on the 3-day volume-weighted average price of AMBR's ADSs on Nasdaq. Through this transaction, Amber International issued 12,200,915 Class A ordinary shares, equivalent to 2,440,183 ADSs. The proceeds will bolster Amber International's $100 million CryptoReserve initiative, which focuses on long-term ecosystem alignment and product innovation. Notable investors participating in the private placement include CMAG Funds, Mile Green, Pantera Capital, Choco Up, and Kingkey Financial International (Holdings) Limited.
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