Leader Capital raises $300K via private placement of 1M shares at $0.30/share

Leader Capital Holdings Corp.

Sold 1,000,000 restricted common shares at $0.30/share for $300K gross proceeds.
Shares issued on Nov 2, 2022 to an individual accredited investor under exemptions.
Post-issuance shares outstanding: 199,470,825.
SPA contains customary representations, warranties, and covenants.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.97

Leader Capital Holdings Corp. entered into SPA with an individual accredited investor valued at $0.30 per share (effective 2022-10-31).

Action: entry
Agreement: equity purchase
Counterparty: an individual accredited investor
Value: $0.30 per share
Effective: 2022-10-31

Exact text from the filing

On October 31, 2022, Leader Capital Holdings Corp. (the “Company”) entered into a securities purchase agreement (the “SPA”) with an individual accredited investor (the “Investor”), to issue and sell to the Investor 1,000,000 shares (the “Shares”) of the Company’s restricted common stock, par value $0.0001 per share (“Common Stock”), for a purchase price of $0.30 per share (the “Offering”).

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Leader Capital Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001493152-22-030407

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