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Greenpro Capital Corp. (NASDAQ:GRNQ), a Nevada-based management consulting services provider, has entered into a material definitive agreement with private investors, according to a recent 8-K filing with the Securities and Exchange Commission (SEC). On Monday, the company finalized subscription agreements for a private placement of 500,000 shares of its common stock at $1.00 per share, resulting in $500,000 of gross proceeds.
The private placement closed on the same day, and the shares were sold to "accredited investors" as defined by the SEC, relying on exemptions from registration under Section 4(a)(2) of the Securities Act and Regulation D. The company stated that no public offering was involved and that no underwriters were used for the transaction.
The proceeds from the sale are intended for Greenpro Capital’s operating capital. The shares were issued without registration based on exemptions applicable to transactions not involving a public offering, as the purchasers are considered accredited investors capable of bearing the investment’s economic risk.
The SEC filing also included financial statements and exhibits related to the transaction, specifically a form of Subscription Agreement and an interactive data file for the cover page embedded within the Inline XBRL document.
This news is based on the 8-K filing made by Greenpro Capital Corp. on June 11, 2025.
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