Corporate ActionJul 16, 2026, 10:26 AM
Green Circle Secures $10M in Notes, Warrants; $100M Equity Deal
AI Summary
Green Circle Decarbonize Technology Limited entered into a placement agency agreement for an offering of $10 million in unsecured promissory notes and warrants to purchase up to 29,122,679 ordinary shares. The notes have a subscription price of $8 million. Additionally, the company signed an equity purchase agreement with Target Capital 1, LLC, allowing it to sell up to $100 million in ordinary shares. These agreements are part of a broader capital raising effort, with the company also agreeing to register the resale of the securities and implementing lock-up agreements for insiders.
Key Highlights
- Entered into a placement agency agreement with Revere Securities LLC for an offering.
- Issued unsecured promissory notes with an aggregate principal amount of $10,000,000.
- Notes have an aggregate subscription price of $8,000,000.
- Issued common warrants to purchase up to 29,122,679 ordinary shares.
- Warrants are exercisable at an initial price of $2.00 per share.
- Signed an equity purchase agreement for up to $100,000,000 in Ordinary Shares with Target Capital 1, LLC.
- Agreed to file a registration statement for resale of securities by August 15, 2026.
- Certain directors, officers, and beneficial owners are subject to 90-day lock-up agreements.