HONG KONG, Oct. 28, 2022 (GLOBE NEWSWIRE) — UCLOUDLINK GROUP INC. (“UCLOUDLINK” or the “Company”) (NASDAQ: UCL), the world’s first and main cellular knowledge visitors sharing market, at this time introduced that it has performed a privately negotiated transaction with the holder of its present convertible debenture issued on January 6, 2022 (the “Convertible Debentures”) to redeem US$1,000,000 principal quantity of the Convertible Debentures for an combination redemption quantity of US$1,053,384, together with accrued and unpaid curiosity. The holder of the Convertible Debentures has, on occasion, transformed all of the remaining quantity of the Convertible Debentures. Following the redemption, the Company has nil excellent quantity of the Convertible Debentures. The Company at the moment has 244,686,120 Class A strange shares and 122,072,980 Class B strange shares excellent.
About UCLOUDLINK GROUP INC.
UCLOUDLINK is the world’s first and main cellular knowledge visitors sharing market, pioneering the sharing economy business mannequin for the telecommunications trade. The Company’s services and products ship distinctive worth propositions to cellular knowledge customers, handset and smart-hardware corporations, cellular digital community operators (MVNOs) and cellular community operators (MNOs). Leveraging its revolutionary cloud SIM know-how and structure, the Company has redefined the cellular knowledge connectivity expertise by permitting customers to achieve entry to cellular knowledge visitors allowance shared by community operators on its market, whereas offering dependable connectivity, excessive speeds and aggressive pricing.
Safe Harbor Statement
This announcement incorporates forward-looking statements. These statements are made below the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be recognized by terminology akin to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and comparable statements. Among different issues, the monetary steerage and quotations from administration on this announcement, in addition to UCLOUDLINK’s strategic and operational plans, comprise forward-looking statements. UCLOUDLINK may additionally make written or oral forward-looking statements in its periodic stories to the U.S. Securities and Exchange Commission, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Statements that aren’t historic info, together with however not restricted to statements about UCLOUDLINK’s beliefs and expectations, are forward-looking statements. Forward trying statements contain inherent dangers and uncertainties. A quantity of components might trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: UCLOUDLINK’s methods; UCLOUDLINK’s future business growth, monetary situation and outcomes of operations; UCLOUDLINK’s means to extend its person base and utilization of its cellular knowledge connectivity companies, and enhance operational effectivity; competitors within the world cellular knowledge connectivity service trade; adjustments in UCLOUDLINK’s revenues, prices or expenditures; governmental insurance policies and rules referring to the worldwide cellular knowledge connectivity service trade, basic financial and business situations globally and in China; the impression of the COVID-19 pandemic to UCLOUDLINK’s business operations and the economy in China and elsewhere usually; and assumptions underlying or associated to any of the foregoing. Further info relating to these and different dangers is included within the Company’s filings with the Securities and Exchange Commission. All info supplied on this press launch and within the attachments is as of the date of the press launch, and UCLOUDLINK undertakes no obligation to replace such info, besides as required below relevant legislation.
For extra info, please contact:
UCLOUDLINK GROUP INC.
Jillian Zeng
Tel: +852-2180-6111
E-mail: [email protected]
Investor Relations:
The Equity Group Inc.
Alice Zhang, Investor Relations Analyst
Tel: +1-212-836-9610
E-mail: [email protected]
In China:
Lucy Ma, Associate
Tel: +86 10 5661 7012
E-mail: [email protected]
