Nocera obtains up to $300M in private funding to advance Digital Asset Strategy
Securities Purchase Agreement: Nocera has entered into a securities purchase agreement for a private placement of up to $300M in senior secured convertible notes with a U.S.-based institutional investor.
Allocation of Proceeds: The net proceeds from the agreement will be allocated to U.S.-dollar-pegged digital assets, such as stablecoins, to support the company's digital asset treasury strategy and potential corporate initiatives.
Diversification and Security: The strategy aims to diversify Nocera's balance sheet with securely held digital assets at a U.S.-based institutional custodian, enhancing shareholder value through strategic acquisitions and growth opportunities.
Role of Advisors: Curvature Securities acted as the sole placement agent, while A.G.P./Alliance Global Partners served as the advisor to the company in this transaction.
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- Stock Surge: Baidu's announcement of a proposed spinoff of Kunlunxin (Beijing) Technology Co., Ltd. H shares for a separate listing on the Hong Kong Stock Exchange led to a 12.3% increase in its stock price to $146.69 in pre-market trading, indicating strong market enthusiasm for this strategic move.
- Spinoff Strategy: The spinoff aims to enhance Kunlunxin's independence and market valuation, which is expected to provide Baidu with more flexible capital operations and resource allocation, thereby strengthening its competitive position in the technology sector.
- Market Reaction: The spinoff news has sparked investor excitement, with the significant rise in Baidu's stock reflecting confidence in its future growth potential and likely attracting more institutional investors to its shares.
- Industry Impact: By pursuing this spinoff, Baidu can focus more on its core business while providing Kunlunxin with greater development space, which is anticipated to drive innovation and investment activity across the technology industry.

Securities Purchase Agreement: Nocera (NCRA) has entered into a securities purchase agreement with a U.S.-based institutional investor for a private placement of up to $300 million in senior secured convertible notes.
Use of Proceeds: The proceeds from this placement will be allocated to U.S. dollar-pegged digital assets (stablecoins) held with a U.S.-based institutional custodian, supporting Nocera's digital asset treasury strategy and potential acquisitions.
Market Reaction: Following the announcement, NCRA shares experienced a 36% increase in premarket trading.
Additional Information: The article also references Seeking Alpha’s Quant Rating on Nocera and provides financial information related to the company.

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