other material
confidence high
sentiment neutral
materiality 0.75
CGA raised $54M via unregistered sale of 3.6M shares to two investors
Enlightify Inc.
- Issued 1,314,286 shares to Ran Caihua for $19,714,290 on April 4, 2022.
- Issued 2,286,857 shares to Xu Xiuzhen for $34,302,855 on same date.
- Total unregistered equity issuance: 3,601,143 shares for $54,017,145.
- Shares sold under exemption provided by Rule 903 of Regulation S and/or Section 4(a)(2).
- Use of proceeds not disclosed; likely for general corporate purposes.