Chapter 119 Galaxy Investment's Guide to Collecting Constellations
After the night battle between the business teams of both sides, within the framework of cooperation agreed by the bigwigs, an investment agreement recognized by both parties was newly released.
In this investment agreement, clauses such as performance VAM, equity dilution, board rights, and exit mechanism are very favorable to Galaxy Investment.
Professional people do professional things, even if Ding Le is optimistic about Li Xiang, the procedures that should be there and the interests that should be adhered to in investment are still indispensable.
Early the next morning, under the bloodshot eyes of the team members of both sides, Ding Le and Li Xiang finally signed the Autohome Series A investment agreement.
According to the agreement, Autohome will issue 50 million new preferred shares with a par value of US$1 per share through non-public means, all of which will be subscribed by Galaxy Investment, and after the completion of the capital increase, Galaxy Investment will hold 50% of the shares, officially becoming the largest shareholder of Autohome.
The two parties also agreed that Autohome would select a qualified accounting firm to conduct capital verification and issue a report, while Autohome would be responsible for the corresponding industrial and commercial registration change procedures.
After the change of industrial and commercial registration, Galaxy Investment, as the largest shareholder, will not only appear in the latest articles of association, but also the name of the operating company of Autohome will be changed to Imperial Capital Taurus Car Home Information Technology Co., Ltd.
Speaking of the name change, during yesterday's negotiations, Li Xiang began to be very confused by Ding Le's request, and when Ding Le explained the origin of the name of Galaxy Investment and the 88 constellations of the Milky Way, he suddenly realized.
As a post-80s generation, he always thought that he was a person with great ideas and ambitions, but today he met an even bigger careerist.
Li Xiang did not have any special requirements for the name of the company, and the big financier proposed to add a few words without changing the name, and he nodded after hesitating.
Last time, after the company received the investment from Galaxy, the name of the operating company of the website was also changed to the imperial capital Aries Happy People Information Technology Co., Ltd.
After accepting Ding Le's investment, all of them added a constellation in front of their original names, and Galaxy Investment's constellation collection plan took another step forward.
At the moment of signing, Ding Le said to Li Xiang with a smile: "I hope we can go to NASDAQ to ring the bell together in two years!"
And Li Xiang was relieved after signing the letter, recently, he felt like Sisyphus in ancient Greek mythology, pushing stones up the mountain every day, and at this moment the boulder pressing on his head was finally overturned.
In the future, even if his shareholding in the company declines, his voice in the board of directors will not be weakened, and with Ding Le's funds and commitments, he will always take the initiative, and he is confident to lead Autohome further.
Although the investment agreement stipulates a deadline for the latest payment of funds, Ding Le does not really intend to wait until then.
He knew that Li Xiang was short of money, and the investment money would arrive one day earlier, and his pressure would be relieved one day earlier, and the icing on the cake would be far less effective than sending charcoal in the snow.
Just like the last time he invested in Kaixin.com, as soon as he signed here, Ding Le arranged for the financial transfer to the bank, and the high efficiency of the work once again refreshed Li Xiang's understanding of him.
Li Xiang, who returned to the imperial capital, still maintained a low profile, and now that the financial crisis has been solved, he can put more energy into the company's operation and management.
After the minority shareholders and the management team learned the news of Li Xiang's successful financing, they abandoned their preconceptions and chose to move forward hand in hand again.
At the same time that the company's internal atmosphere was restored to harmony, the news that Autohome had successfully obtained a $50 million Series A financing spread throughout the industry like wings.
Although there was no official announcement, the pervasive news media quickly got the exact news. For a time, Autohome and Galaxy Investment became the object of media coverage.
Autohome has been active in the public's field of vision since its establishment, and some major changes within the company have long been picked up by the media. This successful Series A financing is more interested in the behind-the-scenes financiers found by Autohome.
In the case of the outbreak and spread of the financial crisis, the Internet industry has also suffered a huge impact, many institutions and investors are withdrawing from the market, but Galaxy Investment is different, in less than a month, invested in two Internet companies in succession.
The story of Ding Le's desire to collect the 88 constellations of the Milky Way has long been no secret within the company. He Jun boasted at the dinner table of the old friends of the imperial capital how powerful his current company is and how good the boss's ambitions are......
So it is not uncommon for Old Wave Finance to be the first to pick up the story of Galaxy Investment and its 88 constellations.
"Galaxy Investment's Constellation Collection Guide" Old Wave Finance takes this as the title and introduces in detail several projects involved in Galaxy Investment.
In the article, the names of the operating companies of Qiandai.com, Kaixin.com, and Autohome were deliberately picked up, and the words Orion, Aries, and Taurus were added in black and bold to prove that what he reported was not a lie.
After seeing the old wave financial report, media peers and people in the investment community were even more in an uproar, and the money bag network was actually funded by this company.
A wave of sharp operations in July has attracted the attention of all parties, and some financial media have asserted that Qiandai.com has created a new field in the domestic Internet industry.
In the eyes of the investment banking circle, if investing in Happy Net is only a small lotus, then this investment in Autohome shows a heroic temperament.
Now that the money bag network has popped up again, what is the sacredness of Galaxy Investment?
Anyone who pays attention to the international situation knows that Silicon Valley, as the birthplace of the Internet, has long been trembling under the turmoil on Wall Street, without the continuous intervention of capital, giants have laid off employees and cut salaries, and small companies have directly gone bankrupt and closed down.
In China, Ahri's teacher Ma shouted out at the beginning of the year that the winter of the Internet is coming, and Ahri has made strategic reserves and prepared materials for the winter.
In such an environment, it is not surprising that an investment company has appeared out of thin air and invested tens of millions of dollars in the Internet industry in less than half a year.
To put it figuratively: when the cold wave came, everyone put down their hands to fight and avoid the cold winter, and when everyone rushed to their own homes, they found that there was actually a weapon on the road, facing the fierce cold wind.
After the report of the old wave, in order to gain attention, reporters from the financial media followed up one after another.
When the reporters contacted Galaxy Investment and applied for an interview, they were all closed.
"The boss is not in the country, so he can't be interviewed for the time being!"
It's not that he deliberately avoided media interviews, but Ding Le is really not in China.
On the day he signed the contract with Li Xiang, Ding Le got a tourist visa to the United States.
After arranging the company's affairs, he flew to Hong Kong the next day.
And when the news report of Old Wave Finance came out, he was already hovering over the Pacific Ocean.
He had already promised Xia Xiao that he would go to New York to see her this summer. At the same time, he also wanted to witness the tragic scene of Lehman Brothers' bankruptcy up close.
Ding Le went to the United States, and the Black Panther Fund officially entered the profit-taking stage for Lehman Brothers.
Previously, Lehman Brothers had attracted a South Korean consortium to negotiate a stake through various actions, but the two sides did not reach a cooperation in the end, and the negotiations broke down. As a result, the Wall Street market has serious concerns about the survival of Lehman Brothers, and Lehman Brothers' stock enters a new plunge.
The Panther Fund has once again ushered in the harvest period......