ChinaNet Online Scores $11 Million After Blockchain Announcement

ChinaNet Online Holdings Inc. (CNET) , a Beijing-based advertising and marketing company, agreed to sell $11 million in stock.

The transaction calls for the company to sell 2.1 million common shares at $5.15 each as well as 645,000 2.5-year warrants to purchase common stock at $6.60.

The…

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