China HGS Real Estate, Inc. filed SEC Form 8-K: Unregistered Sales of Equity Securities
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Shaanxi Province,
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Item 3.02 Unregistered Sales of Equity Securities
As disclosed on China HGS Real Estate Inc.’s (the “Company”) Current Report on Form 8-K filed on December 20, 2021, the Company entered into a certain securities purchase agreement (the “SPA”) with certain purchasers whom are “non-U.S. Persons” (the “Investors”) as defined in Regulation S of the Securities Act, pursuant to which the Company agreed to sell an aggregate of 10,247,122 units (the “Units”), each Unit consisting of one share of common stock, par value $0.001 per share (“Common Stock”) and a warrant to purchase three shares of Common Stock (the “Warrant”) with an initial exercise price of $2.375 at a price of $2.375 per Unit, for an aggregate purchase price of approximately $24.3 million (the “Offering”).
On January 14, 2022, the transaction contemplated by the SPA closed.
The issuance and sale of the Units is exempted from the registration requirement of the Securities Act of 1933, as amended pursuant to Regulation S promulgated thereunder.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 14, 2022 | China HGS Real Estate, Inc. | |
By: | /s/ Neng Chen | |
Name: | Neng Chen | |
Title: | Chief Executive Officer and Chairman |