Feb. 11 at 5:07 PM
$JG Aurora Mobile announces strategic partnership with PAG Pegasus, a leading Asia-focused investment fund.
📊 PAG Pegasus allocating
$10M toward an investment strategy powered by Aurora Mobile's proprietary big data and AI capabilities
📈 Aurora Mobile issuing 3-year warrants for up to 725,000 ADSs at
$13.80/ADS, an ~85% premium over the recent 10-day avg closing price of
$7.43
💰 If fully exercised, warrants would generate
$10M in gross proceeds for the company
🤝 Both organizations will share in investment returns based on realized fund performance
This partnership validates the commercial value of Aurora Mobile's data assets beyond its core SaaS business, opening a new revenue channel through AI-driven investment collaboration.
PAG Pegasus Founder Jack Li: "We have long recognized the value of Aurora Mobile's data assets. Their uniqueness and deep insights are becoming increasingly evident as AI-driven investment continues to evolve."
https://ir.jiguang.cn/news-releases/news-release-details/aurora-mobile-strategically-partners-pag-pegasus-fund-jointly