InvestmentJun 18, 2026, 08:32 AM
ChowChow Cloud Completes $500K Private Placement of Shares
AI Summary
ChowChow Cloud International Holdings Limited announced it has entered into a Securities Purchase Agreement with an investor for a private placement. The company will issue 862,069 ordinary shares at a price of $0.58 per share, raising an aggregate of US$500,000. As part of the agreement, ChowChow Cloud will not issue additional ordinary shares or file registration statements for 24 months post-closing without the purchaser's consent. The private placement is expected to close on or about June 22, 2026.
Key Highlights
- ChowChow Cloud entered a Securities Purchase Agreement with an investor.
- Issued 862,069 ordinary shares in a private placement.
- Shares were sold at $0.58 per share.
- Aggregate purchase price totaled US$500,000.
- Company agreed to a 24-month lock-up on further share issuance or registration statements.
- Closing of the private placement is anticipated around June 22, 2026.
Price Impact