DDC Enterprise Ltd. Announces the Closing of $4.8m Loan Restructuring
DDC Enterprise Limited (DDC)
US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=65233&p=irol-irhome
Company Research
Source: Business Wire
and $1.7m private placement to bolster balance sheet NEW YORK--(BUSINESS WIRE)--DDC Enterprise, Ltd., (NYSEAM: DDC) (“DayDayCook,” “DDC,” or the “Company”), a leading multi-brand Asian consumer food company, is pleased to announce that the Company has recapitalized its debt obligations and achieved additional funding through the sale of equity in a private placement.DDC recently completed a transaction with ten creditors to retire $4,800,000 USD of outstanding principal and interest which was converted into Class A Ordinary shares. Additionally, four investors participated in a private placement to purchase approximately $1,700,000 USD of Class A Ordinary shares. The transactions resulted in the issuance of approximately 9,500,000 Class A Ordinary shares.“DDC is very excited about the support demonstrated from some of our creditors that were enthusiastic about the opportunity to invest in the Company,” said Norma Chu, Chief Executive Officer. “Converting the loans and gaining addit
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DDC
Sec Filings
- 8/30/24 - Form 6-K
- 7/11/24 - Form 6-K
- DDC's page on the SEC website