Highest Performances Holdings Secures Share Purchase Agreement From GEM Global Yield LLC For An Investment Of Up To $500M

Author: Benzinga Newsdesk | April 16, 2024 07:06am

Highest Performances Holdings Inc. (NASDAQ:HPH) ("HPH" or the "Company"), today announced that it has signed a share purchase agreement (the "Agreement") with GEM Global Yield LLC SCS ("GEM"), a Luxembourg-based private alternative investment group. Under the Agreement, HPH has the option to issue and sell up to a number of ordinary shares (as represented by and delivered as American depositary shares) with an aggregate value of US$500,000,000 (the "Aggregate Limit"). Subject to the terms and conditions of the Agreement, HPH may increase the Aggregate Limit up to US$1,000,000,000 at a later date by delivering prior written notice to GEM. The funds will be used to fuel the Company's AI development and expansion efforts on a global scal

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