Eshallgo (EHGO) said Monday it has struck a deal with an unnamed investor to issue convertible debentures in a total principal amount of up to $5 million.
The debentures will mature on Nov. 28, 2025, the company added.
Eshallgo said the initial closing of $1.5 million took place on Friday, while the second closing of $2 million will occur after it files an initial registration statement with the US Securities and Exchange Commission registering the resale of the class A ordinary shares upon conversion of the debentures.
The third closing of $1.5 million will take place after the registration statement is effective, it said.
Shares of the company rose more than 14% in recent Monday trading.
Price: 4.18, Change: +0.53, Percent Change: +14.52
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。