Infobird Co., Ltd announced that it has entered into a securities purchase agreement with an investor, pursuant to which the company may require the investor to issue ordinary shares, par value $0.5 per share of the company for the gross proceeds of $20 million on December 22, 2023 and will end on the earlier of December 31, 2024, the date on which the investor shall have made payment for ordinary shares equal to the commitment amount.