Autozi Internet Technology (Global) Ltd. (NASDAQ:AZI) shares are trending on Thursday.
Firm Secures Institutional Financing
The stock of the lifecycle automotive service and supply-chain technology platform surged 100.88% to $2.29 in after-hours trading on Wednesday following the company’s announcement of a convertible note financing deal worth up to $5.25 million.
Autozi made the announcement after the market closed on Wednesday. According to Benzinga Pro data, during the regular session the stock closed at $1.14, down 3.39%.
The Beijing-based company signed a Securities Purchase Agreement with an undisclosed institutional buyer on Monday, with the transaction closing on Tuesday.
