Eshallgo Inc Secures $5 Million through Convertible Debenture Offering
Eshallgo Inc. - Class A Ordinary Shares (EHGO)
Company Research
Source: PR Newswire
SHANGHAI, Dec. 2, 2024 /PRNewswire/ -- Eshallgo Inc ("Eshallgo" or the "Company") (NasdaqCM: EHGO), one of the leading office solution providers in China, today announced that it has entered into a securities purchase agreement (the "Securities Purchase Agreement") with an accredited investor to issue convertible debentures (the "Debentures") in an aggregate principal amount of up to $5,000,000. The Debentures bear an annual interest rate of 5%, increasing to 18% in the event of default, and will mature on November 28, 2025.The initial closing of $1,500,000 occurred on November 29, 2024. The second closing of $2,000,000 will occur upon the filing of an initial registration statement with the U.S. Securities and Exchange Commission (the "SEC") registering the resale of the Class A ordinary shares upon conversion of the Debentures. The third closing of $1,500,000 will occur upon the effectiveness of the registration statement.During the first 50 calendar days after issuance, the Debentu
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EHGO
News
- EHGO Announces Major Equity Financing, with up to $20 Million to Facilitate Its Entry into Tencent's Business Ecosystem [Yahoo! Finance]Yahoo! Finance
- EHGO Acquired D&K Asset Management and Worked with Liuli Ball Culture to Draw a New Blueprint for Tencent's Business EcosystemPR Newswire
- EHGO Announces Major Equity Financing, with up to $20 Million to Facilitate Its Entry into Tencent's Business EcosystemPR Newswire
- Eshallgo Inc Secures $5 Million through Convertible Debenture Offering [Yahoo! Finance]Yahoo! Finance
EHGO
Sec Filings
- 12/23/24 - Form D/A
- 12/23/24 - Form 6-K
- 12/20/24 - Form 6-K
- EHGO's page on the SEC website