DDC Enterprise Ltd. Announces the Closing of $4.8m Loan Restructuring
and
“DDC is very excited about the support demonstrated from some of our creditors that were enthusiastic about the opportunity to invest in the Company,” said
The Company expects to use the proceeds from the financing for working capital and other corporate purposes. The offer and sale of the Class A Ordinary shares were made in a transaction not involving a public offering and the securities have not been registered under the Securities Act of 1933, as amended, and may not be reoffered or resold except pursuant to an effective registration statement or an applicable exemption from the registration requirements. The Company reported on a Form 6-K filed with the
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Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, for example, statements about growth and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the
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Co-CFO
jeffervin@daydaycook.com
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