Summary by Futu AI
Jumia Technologies entered into a sales agency agreement with RBC Capital Markets and Berenberg Capital Markets on July 30, 2024, authorizing the issuance of 20,227,736 ADSs. The Sales Agents will sell these ADSs at prevailing market prices through an at-the-market offering.The ADSs will be issued under Jumia's shelf registration statement on Form F-3, supplemented by a prospectus dated August 6, 2024. Following this agreement, the company's remaining authorization under Authorized Capital 2024/I allows for the issuance of up to 58,490,399 new shares against cash or in-kind contributions.