Scientific Energy raises $240,000 via private placement of 480,000 shares at $0.50/share

SCIENTIFIC ENERGY, INC

Issued 480,000 restricted shares to Faithful Securities Limited at $0.50 per share for aggregate $240,000.
Shares sold in reliance on Regulation S exemption; investor is not a U.S. Person.
Securities are restricted and bear legends; no registration under Securities Act.
Proceeds not specified; capital raised for general corporate purposes presumably.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SCIENTIFIC ENERGY, INC entered into Stock Purchase Agreement with Faithful Securities Limited valued at $240,000 (effective 2024-03-13).

Action: entry
Agreement: equity purchase
Counterparty: Faithful Securities Limited
Value: $240,000
Effective: 2024-03-13

Exact text from the filing

On March 13, 2024, Scientific Energy, Inc., a Utah corporation (the “Company”) entered into a Stock Purchase Agreement (the “Agreement”) with Faithful Securities Limited (the “Investor”).

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Source: SEC EDGAR

accession 0001276531-24-000003

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