Summary by Futu AI
ESGL Holdings Limited successfully completed a private placement on August 22, 2024, issuing 13,800,000 ordinary shares at a price of $0.29 per share to certain accredited investors. The transaction resulted in gross proceeds of $4,002,000 for the company. Additionally, investor Mr. Samuel Wu was granted an option to purchase up to 3,441,380 additional shares within three months following the closing date. The shares were offered under an exemption provided by Section 4(a)(2) of the United States Securities Act of 1933. ESGL Holdings has committed to filing a resale registration statement on Form F-1 with the SEC for the shares issued, ensuring their resale on behalf of the purchasers, and will endeavor to keep the registration statement effective until all shares are sold or can be sold without restrictions.