 SHENZHEN, China, March 10, 2021 PRNewswire -- MingZhu Logistics Holdings Limited Nasdaq: YGMZ the Company, a China-based trucking services provider, today announced that it entered into securities purchase agreements with certain institutional investors in connection with a registered direct offering of an aggregate of 3,333,335 units of its securities each, a Unit, with each Unit consisting of i one ordinary share of the Company, par value 0.001 per share, and ii one warrant to purchase 0.75 ordinary share together, the Warrants, for aggregate gross proceeds of 20 million, before deducting the placement agents fees and other estimated offering expenses. The Warrants will be exercisable six months after the date of issuance the Initial Exercise Date at an exercise price of 6.60 per share, subject to adjustments, and will expire three years after the Initial Exercise Date. 