06/11/2025 | Press release | Distributed by Public on 06/11/2025 12:16
Item 1.01 Entry into a Material Definitive Agreement.
Subscription Agreements
On June 10, 2025, Greenpro Capital Corp. (the "Company") entered into subscription agreements (the "Subscription Agreements") with individual investors identified in the Subscription Agreements (individually, the "Purchaser" and collectively, the "Purchasers"), providing for the private placement of an aggregate of 500,000 shares of the Company's common stock, par value $0.0001 (the "Common Stock"), at a per share purchase price of $1.00 (the "Offering"). The Offering closed on June 10, 2025.
The issuance of shares of Common Stock pursuant to the Subscription Agreements was made in reliance upon the exemptions from registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended, (the "Securities Act") and Regulation D promulgated under the Securities Act. The Company believes the exemptions provided by Section 4(a)(2) and Regulation D of the Securities Act were available because the offering did not involve a public offering and each of the Purchasers in the Offering represented that he or she is an "accredited investor" within the meaning of Rule 501(a) of Regulation D.
No underwriters were involved in the offer and sale of the Common Stock in the Offering. We plan to use the proceeds of the Offering for operating capital.
Item 3.02 Unregistered Sale of Equity Securities
The information contained above under Item 1.01 to the extent applicable is hereby incorporated by reference herein.