InvestmentJun 4, 2026, 05:13 PM
Haoxin Holdings Secures $30M Equity Line of Credit, $1.2M Convertible Notes
AI Summary
Haoxin Holdings Ltd. entered into several material agreements with an investor on June 2, 2026, to secure financing. This includes a Note Purchase Agreement for two senior convertible promissory notes with an aggregate original principal amount of $1,200,000, purchased for $1,000,000. Additionally, the company secured an Equity Line of Credit Agreement for up to $30,000,000 for the purchase of Class A Ordinary Shares. As part of the ELOC, the company also issued a warrant to the investor to purchase 2,368,421 Class A Ordinary Shares at an exercise price of $0.456. A Registration Rights Agreement was also signed to facilitate the resale of these securities.
Key Highlights
- Secured an Equity Line of Credit for up to $30,000,000 for Class A Ordinary Shares.
- Entered into a Note Purchase Agreement for two senior convertible promissory notes totaling $1,200,000.
- The aggregate purchase price for the convertible notes is $1,000,000.
- Issued a Class A Ordinary Share Purchase Warrant for 2,368,421 shares.
- The warrant exercise price is $0.456 per share.
- Company agreed to file registration statements for the resale of securities.
Price Impact
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