Worry to issue 150 million US dollar convertible bonds

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Beijing time April 3 morning, Worry (Nasdaq:jobs) announced today that the company plans to market conditions and other factors, the issue expires in 2019, the total principal amount of 150 million U.S. dollars of convertible premium bonds. Worry also plans to grant a 30-day oversubscribed option to the original buyer, allowing it to buy bonds with a total principal value of $22.5 million.

The issue will be converted into worry American Depository shares (ADS), with 1 ads representing 2 shares of worry common stock. When converting, worry will pay cash, ads, or cash and ads combinations, depending on the situation. The issue will expire on April 15, 2019.

Worry is expected to use the proceeds to pay call options related to the original buyer, with the remainder being used for general corporate purposes, including operating capital and potential acquisitions of complementary enterprises.