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InvestorNewsBreaks – Infobird Co. Ltd. (NASDAQ: IFBD) Announces $5M Registered Direct Offering, Private Placement
February 24, 2023

InvestorNewsBreaks – Infobird Co. Ltd. (NASDAQ: IFBD) Announces $5M Registered Direct Offering, Private Placement

Infobird (NASDAQ: IFBD) is a leading and long-standing software-as-a-service (“SaaS”) provider in serving large enterprises in the finance industry in customer engagement with over 10 years of experience in China. The company today announced the pricing of its registered direct offering of 3,846,000 units, with each unit consisting of one ordinary share and 0.65 warrant to purchase one ordinary share. Each unit was sold at a price of $1.30. The warrants will be exercisable immediately upon the date of issuance at an exercise price of $1.30 and will expire five years from the date of issuance. Each warrant in the offering will become exercisable for one ordinary share under the cashless exercise provision upon satisfaction of certain conditions. Concurrently with the offering, Infobird is conducting a private placement with the investors for additional unregistered warrants to purchase 2,884,500 ordinary shares. The unregistered warrants will be exercisable six months after the date of issuance at an exercise price of $1.30 and will expire five and a half years from the date of issuance. Infobird is expected to secure approximately $5 million in gross proceeds from the offering and concurrent private placement. Subject to customary conditions, the offering is expected to close on Feb. 28, 2023. Maxim Group LLC is acting as the sole placement agent in connection with the offering and concurrent private placement. In connection with the offering, ArentFox Schiff LLP, Washington, DC, acted as counsel to the company, and Hunter Taubman Fischer & Li LLC, New York, NY, served as counsel to Maxim Group LLC.

To view the full press release, visit

About Infobird Co. Ltd.

Infobird is a software-as-a-service (“SaaS”) provider of innovative AI-powered or enabled customer engagement solutions in China. Leveraging self-developed cloud-native architecture, AI and machine learning capabilities, patented Voice-over-Internet-Protocol (“VoIP”) application technologies, a no-code development platform, and in-depth industry expertise, it primarily provides holistic software solutions to help its corporate clients proactively deliver and manage end-to-end customer engagement activities at all stages of the sales process and post-sales customer support. It also offers AI-powered cloud-based sales force management software including intelligent quality inspection and training software to help clients monitor, benchmark and improve the performance of agents. For more information about the company, visit

NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at

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