AIFU Stock Rises 16% After Hours On Robinhood: Why Is It Moving?

AIFU Inc. (NASDAQ: AIFU) shares rose 16.24% to $11.62 in after-hours trading following the announcement of a definitive share purchase agreement for 45 million Class A ordinary shares at $3 per share, expected to generate approximately $135 million in gross proceeds. The deal includes warrants for up to 90 million additional shares, with half at a strike price of 200% and the other half at 250% of the purchase price. Post-transaction, AIFU will have 61.18 million total ordinary shares outstanding, with the largest investor holding about 56.12% of total shares and 3.19% of voting power.