InvestmentJul 20, 2026, 04:32 PM
Grande Group Enters $40M Share Purchase Agreement with White Lion
AI Summary
Grande Group Limited has entered into an Ordinary Share Purchase Agreement (SPA) with White Lion Capital, LLC, enabling the company to issue and sell up to $40,000,000 in newly issued Class A ordinary shares over a 36-month period. The company retains the right, but not the obligation, to require the investor to purchase shares, with pricing determined by market mechanisms. Concurrently, a Registration Rights Agreement was executed, obligating Grande Group to file a registration statement for the resale of these shares.
Key Highlights
- Grande Group entered an Ordinary Share Purchase Agreement (SPA) with White Lion Capital, LLC.
- The company may issue and sell up to $40,000,000 in Class A ordinary shares.
- The agreement allows for share issuance over 36 months from July 16, 2026.
- Purchase price determined by reference to lowest traded prices or VWAP.
- A Registration Rights Agreement (RRA) was also executed with the Investor.
- Company to file a registration statement for resale by the Investor within 30 days of its FY2026 Form 20-F.
Price Impact
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