CL Workshop Group Ltd

CL Workshop Group Limited has entered into an at-the-market sales agreement with Chaince Securities, LLC, allowing the company to offer and sell its American Depositary Shares (ADSs) up to a total of $200,000,000. The ADSs, each representing eight Class A Ordinary Shares, will be sold through the Sales Agent. The company will incur a 3.0% commission and a 1.0% expense allowance on gross proceeds. The net proceeds from this offering are earmarked for working capital, general corporate purposes, and new product development.

CL Workshop Group Limited filed an F-1 registration statement for the resale of up to 12,300,000 ADSs and 36,900,000 Warrant ADSs by selling shareholders. These securities were issued in a July 2026 private placement of 12,300,000 units at US$0.20 per unit, with each unit including one ADS and one warrant to purchase three ADSs at US$0.25. The company also received a Nasdaq notification in May 2026 regarding non-compliance with the minimum bid price requirement, with a compliance deadline of November 2, 2026. The company will not receive proceeds from the resale but may receive proceeds from the exercise of the warrants for cash.

CL Workshop Group Limited has successfully completed a private placement, generating approximately US$2.46 million in gross proceeds. The company sold 12,300,000 units at US$0.20 each, with each unit comprising one American Depositary Share and one warrant. If all warrants are exercised, an additional US$9.23 million could be raised. The net proceeds are earmarked for working capital and general corporate purposes, and the company utilized a Nasdaq home country practices exemption for foreign private issuers regarding shareholder approval.

CL Workshop Group Limited has entered into a securities purchase agreement for a private placement, aiming to raise approximately US$2.46 million. The offering involves 12,300,000 units, each priced at US$0.20 and consisting of one American Depositary Share and one warrant. If all warrants are exercised, the company could receive an additional US$9.225 million. The net proceeds are intended for working capital and general corporate purposes.

CL Workshop Group Limited announced it received a notification from Nasdaq's Listing Qualifications Department on May 6, 2026, indicating non-compliance with the minimum bid price requirement. The company's American Depositary Shares (ADSs) traded below $1.00 for 30 consecutive business days. CL Workshop Group has a 180-calendar-day period, until November 2, 2026, to regain compliance, with a potential for an additional 180-day grace period if certain conditions are met, which may include a reverse share split. The notification does not result in immediate delisting, and ADSs will continue to trade.