InvestmentApr 26, 2026, 05:24 AM
OCG Revises Jade Cove Investment to $10M for 66.67% Stake
AI Summary
Oriental Culture Holding LTD (OCG) filed an amendment to its Form 6-K, revising the terms of its Subscription Agreement with Jade Cove, L.P. The company will now invest US$10,000,000, a reduction from the previously announced US$15,000,000. This investment will secure a 66.67% interest in Jade Cove, L.P., a partnership focused on internet technology companies, down from the initial 75%.
Key Highlights
- Revised investment in Jade Cove, L.P. to $10,000,000.
- Acquired 66.67% interest in Jade Cove, L.P.
- Original investment amount was $15,000,000.
- Original acquired interest was 75%.
- Jade Cove, L.P. invests in internet technology companies.