Luokung Technologies Corp. Announces $5. Million Registered Immediate Placement

Susan R. Jones

BEIJING, Feb. 5, 2021 /PRNewswire/ — Luokung Technology Corp. (the “Company” or “Luokung”) (NASDAQ: LKCO), today declared that it has entered into a securities obtain settlement with specified institutional buyers for a registered direct providing of $5. million of normal shares at a selling price of $.52 per share. The Company will concern a overall of 9,615,387 ordinary shares to the institutional traders. As portion of the transaction, the Firm will also issue to the investors warrants (“Warrants”) for the acquire of up to 4,807,694 everyday shares at an exercise value of $.68 for each share, which Warrants will have a time period of a few several years from the day of issuance. 

The net proceeds from this supplying will be applied for working capital and normal company uses. The presenting is anticipated to close on or about February 9, 2021, subject to the fulfillment of customary closing problems.

FT Worldwide Money, Inc. acted as the exclusive placement agent for the transaction.

These securities are remaining available via a prospectus supplement pursuant to the Company’s powerful shelf registration statement and base prospectus contained therein. A shelf registration statement (SEC Submitting No. 333-233108) relating to these securities has been submitted with and declared successful by the Securities and Exchange Fee (the “SEC”) on August 16, 2019. A prospectus supplement relevant to the supplying will be filed with the SEC. This press release does not represent an provide to offer or the solicitation of an provide to obtain, and these securities are not able to be sold in any point out in which this offer, solicitation, or sale would be illegal prior to registration or qualification below the securities guidelines of any such point out. Any offer you will be built only by indicates of a prospectus, which includes a prospectus nutritional supplement, forming a aspect of the effective registration statement.

For more details of this transaction, you should see the Sort 6-K to be filed with the SEC.

About Luokung Technological innovation Corp.

Luokung Engineering Corp. is 1 of the worldwide major spatial-temporal large-details processing know-how providers and a foremost interactive place-based products and services organization in China. The core business enterprise brands of the Business are “Luokuang” and “Superengine”. The Company mainly supplies spatial temporal huge facts PaaS, SaaS and DaaS clever providers based mostly on its self-produced patented technological innovation which can be used in Mobile Web LBS, World-wide-web Travelling, Clever Transportation, Computerized Drive, Intelligent Metropolis, Clever IoT, Natural Means Exploration and Checking and so on. These companies are integrated intelligent computing and software expert services for spatial temporal facts which which include but not minimal to Satellite and UAV Remote Sensing Graphic Data, High definition Map, 2D and 3D Web Map, Genuine-time Trajectory, IoT Industrial Stream Knowledge. For additional info, remember to go to http://www.luokung.com.

Secure Harbor Assertion 

This press launch has sure statements that could include “forward-seeking statements.” All statements other than statements of historic truth incorporated herein are “forward-seeking statements.” These forward-seeking statements are usually recognized by the use of ahead-on the lookout terminology these types of as “believes,” “expects” or identical expressions, involving identified and unknown hazards and uncertainties. Although the Firm believes that the anticipations reflected in these forward-wanting statements are fair, they do require assumptions, dangers and uncertainties, and these anticipations may establish to be incorrect. You should not area undue reliance on these forward-seeking statements, which speak only as of the date of this press release. The Company’s genuine final results could vary materially from those predicted in these forward-searching statements as a consequence of a selection of things, such as the hazard components mentioned in the Firm’s periodic reports that are submitted with the Securities and Exchange Fee and accessible on the SEC’s web page (http://www.sec.gov). All forward-looking statements attributable to the Business or people acting on its behalf are expressly qualified in their entirety by these chance things. Other than as essential underneath the applicable securities guidelines, the Enterprise does not believe a duty to update these ahead-hunting statements.

Get in touch with:

The Organization:

Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-5327-4727
E-mail: [email protected]

Investor RELATIONS

PureRock Communications Confined
E mail: [email protected]

Supply Luokung Know-how Corp.

Connected One-way links

www.luokung.com

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