AirNet Technology Inc. announced a private placement that it has issued 3,372,788 ordinary shares of the Company with par value of US$0.04 per share at a price of $1.68 per share for the gross proceeds of up to $5,666,284 with certain investors on April 18, 2024. The Shares have not been registered under the Securities Act of 1933, as amended, or under the securities laws of any state.