InvestmentApr 30, 2026, 02:33 PM
GRNQ Raises $250K via Private Placement to CEO; CEO Stake 10.24%
AI Summary
Greenpro Capital Corp. (GRNQ) completed a private placement on April 28, 2026, raising $250,000 by issuing 107,310 shares of common stock to its CEO, Mr. Lee Chong Kuang, at $2.3297 per share. Following the offering, Mr. Lee directly holds 1,846,344 shares, representing 10.24% of the company's outstanding common stock, with his combined holdings with his spouse reaching 11.16%. The company plans to use the proceeds for operating capital.
Key Highlights
- GRNQ completed a private placement of common stock to its CEO.
- The company raised $250,000 in gross proceeds from the offering.
- 107,310 shares were issued at a purchase price of $2.3297 per share.
- CEO Lee Chong Kuang now directly holds 1,846,344 shares, representing 10.24% of outstanding common stock.
- The CEO and his spouse collectively hold 2,012,259 shares, or 11.16% of the company.
- Proceeds from the offering will be used for operating capital.
- Total outstanding shares after the offering are 18,033,123.
Price Impact
More from GRNQ