Fangdd Network Group Launches $34.3 Million Convertible Note Offering

Fangdd Network Group Ltd. (Nasdaq: DUO) announced it has entered into a convertible note purchase agreement to issue a convertible promissory note with a principal amount of US$34,320,000 through private placement. The note, issued in connection with an asset acquisition, will mature 364 days after issuance and does not bear interest. The note is convertible into Class A ordinary shares at the holder’s option at a conversion price of US$1.0409, and will automatically convert to shares on the maturity date if not converted earlier. The company also entered into a share subscription agreement to potentially issue up to 12,731 Class C ordinary shares to ZX INTERNATIONAL LTD if the note is converted. The full details of the offering will be furnished to the SEC on a current report on Form 6-K. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fangdd Network Group Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-102163), on October 24, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here