InvestmentJun 23, 2026, 06:21 AM
Dreamland Raises $1.2M via Private Placement of Shares
AI Summary
Dreamland Limited announced it has entered into a securities purchase agreement with Imperial Vision Fund SPC Series 1 SP for a private placement. The company issued 320,000 Class A ordinary shares at US$3.75 per share, raising aggregate gross proceeds of US$1,200,000. The proceeds are intended for general working capital and corporate purposes. The shares were issued in reliance on Regulation S and are subject to transfer restrictions.
Key Highlights
- Dreamland Limited entered a securities purchase agreement with Imperial Vision Fund SPC Series 1 SP.
- The company issued 320,000 Class A ordinary shares.
- The shares were sold at a purchase price of US$3.75 per share.
- Aggregate gross proceeds from the private placement totaled US$1,200,000.
- Net proceeds will be used for general working capital and corporate purposes.
- Shares were issued in an "offshore transaction" under Regulation S and are subject to transfer restrictions.
Price Impact
More from TDIC