Summary by Futu AI
On August 2, 2024, Golden Heaven Group Holdings Ltd. entered into a share purchase agreement with an investor for a $2.25 million offering. The deal includes 15 million Class A ordinary shares at $0.15 per share and a warrant to purchase up to 30 million shares at $0.20 each. The warrant is exercisable immediately with a five-year term.The offering, conducted under the company's F-3 registration statement, closed on August 8, 2024. Golden Heaven plans to use the net proceeds for working capital and general corporate purposes. The agreement and warrant issuance were approved by the company's board of directors.The warrant includes provisions for early termination in case of a company sale, defined as asset disposal, change in voting power, or merger resulting in over 50% change in voting control. A prospectus supplement was filed with the SEC on August 8, 2024, in connection with this offering.