InvestmentMay 8, 2026, 12:21 PM
ModuLink Raises $300K in Private Placement of Preferred Stock
AI Summary
ModuLink Inc. announced the initial closing of a private placement offering, raising approximately $300,000 from the sale of 3,750 shares of its Series A Convertible Preferred Stock to three investors. The company plans to offer up to 12,500 shares at $80.00 each, with each share convertible into 20,000 common shares. The capital raised will be used for the integration of ASA Robotics Limited, expansion of healthcare and robotics operations, and general corporate purposes.
Key Highlights
- ModuLink raised $300,000 from the initial sale of 3,750 Series A Preferred Stock shares.
- The private placement offers up to 12,500 Series A Preferred Stock shares at $80.00 per share.
- Each Series A Preferred share is convertible into 20,000 shares of common stock.
- Proceeds will fund the integration of ASA Robotics and expansion of healthcare/robotics operations.
- Securities were sold to three investors in an offshore unregistered offering under Regulation S.
Price Impact
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