Upcoming Stock Splits This Week (June 9 to June 13) – Stay Invested
Upcoming Stock Splits: The week of June 9 to June 13 will see several companies, including Nektar Therapeutics and Fangdd Network Group, implementing stock splits or reverse stock splits to adjust share prices and comply with Nasdaq listing standards.
Purpose of Stock Splits: Companies utilize stock splits to make shares more affordable for investors and maintain compliance with exchange requirements, signaling strategic directions to traders.
Trade with 70% Backtested Accuracy
Analyst Views on DUO
About DUO
About the author
FangDD Unveils $34.32 Million Convertible Note Offering for Asset Acquisition and Plans for Class C Ordinary Share Issuance
Convertible Note Agreement: Fangdd Network Group Ltd. has entered into a convertible note purchase agreement to issue a promissory note worth $34.32 million to an investor, aimed at fulfilling payment obligations under a prior asset purchase agreement.
Note Details: The note will mature in 364 days without interest and can be converted into Class A ordinary shares at a price of $1.0409, with automatic conversion on the maturity date if not previously converted.
Share Subscription Agreement: To maintain corporate structure post-conversion, Fangdd has a share subscription agreement with ZX INTERNATIONAL LTD, allowing the sale of up to 12,731 Class C ordinary shares if the note holder exercises conversion.
Regulatory Compliance: The issuance of the note and shares is exempt from registration under the Securities Act, complying with relevant regulations for private offerings.
Fangdd Network Announces First Half Results
Financial Performance Overview
- Net Loss per Share: For the first half of 2025, Fangdd Network reported a basic and diluted net loss per share of RMB12.7 (US$1.8) and RMB9.7 (US$1.4) respectively.
- Revenue Growth: The company's revenue surged by 45.3%, reaching RMB203.4 million (US$28.4 million) compared to RMB140.0 million in the same period of 2024.
Profitability Analysis
- Net Loss: Fangdd Network experienced a net loss of RMB39.2 million (US$5.5 million) for the first half of 2025, a significant decline from a net income of RMB16.4 million in the same period of 2024.
- Non-GAAP Net Loss: The non-GAAP net loss for the same period was also RMB39.2 million (US$5.5 million), contrasting with a non-GAAP net income of RMB16.4 million in the first half of 2024.
