Lucas GC Decides to Terminate Its $20M At The Market Offering Agreement With Maxim Group

Lucas GC Limited (NASDAQ: LGCL ) ("Lucas" or the "Company"), an artificial intelligence (the "AI") technology-driven Platform-as-a-Service (the "PaaS") company whose technologies have been applied to the human resources and insurance industry verticals, today announced updates to its recent financing plans. The Company previously announced that it entered into an At the Market Offering Agreement (the "Sales Agreement") with Maxim Group LLC (the "Agent") with respect to an at-the-market offering program (the "ATM Offering Program"), under which it may offer and sell, from time to time at its sole discretion, Class A ordinary shares, par value US$0.0002 per share of the Company (the "Class A ordinary shares"), having an aggregate offering price of up to US$20.0 million through or to the Agent, as the sales agent or principal. In addition, the Company previously announced the launch of a...