According to Mars Finance, AGM Group, a Nasdaq-listed blockchain ASIC chip R&D company, announced the completion of a $2 million convertible note issuance. The fundraising transaction was conducted in two phases: $1.5 million was paid in the first phase, and the remaining $500,000 was paid in the second phase on December 18th. AGM Group also disclosed that it had previously reached an investment agreement to raise a total of $6 million through the issuance of convertible notes in three tranches.
AGM Group, a publicly traded company specializing in blockchain ASIC development, has completed the issuance and settlement of US$2 million in convertible notes.
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