Primega Group Holdings Ltd. Announces $11.4 Million Private Placement with Sale of 25.3 Million Ordinary Shares
Primega Group Holdings Ltd. has announced a private placement to raise $11.4 million by selling 25.3 million ordinary shares at $0.45 each. The agreements have been approved by the board and the company anticipates closing the transactions on a mutually agreed date with the purchasers.
Primega Group Holdings Ltd., a company based in the Cayman Islands, has entered into securities purchase agreements with ten individuals for a private placement of shares. The company plans to issue a total of 25,333,000 ordinary shares at a price of $0.45 per share, raising approximately $11.40 million. The agreements have received board approval, and the company expects to receive the gross proceeds upon closing the transactions, which will occur on a mutually agreed date with the purchasers.
