InvestmentAug 3, 2026, 06:13 AM
Park Ha Biological Technology Raises $1.8M in Private Placement
AI Summary
Park Ha Biological Technology Co., Ltd. completed a private placement transaction on August 3, 2026, raising approximately $1,800,000 in gross proceeds. The company issued 10,000,000 Class A ordinary shares and warrants to purchase up to 2,000,000 additional Class A ordinary shares to certain non-U.S. investors. The purchase price was $0.18 per share and accompanying warrant, with the proceeds intended for general working capital and corporate purposes.
Key Highlights
- Park Ha Biological Technology entered a securities purchase agreement on August 3, 2026.
- Issued 10,000,000 Class A ordinary shares and warrants for up to 2,000,000 Class A shares.
- Purchase price was $0.18 per Class A Ordinary Share and accompanying Warrant.
- Aggregate gross proceeds to the company were approximately $1,800,000.
- Warrants are exercisable immediately, have a five-year term, and an exercise price of $0.18.
- Net proceeds will be used for general working capital and corporate purposes.
- Securities were offered and sold to non-U.S. persons under Regulation S.
Price Impact
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