8-K
filed March 15, 2024, 7:59 PM ET
ticker YHGJ
CIK 0001042187
other material
confidence high
sentiment neutral
materiality 0.55
Yunhong Green CTI raises $2.0M via Series E and F Preferred Stock issuances
YUNHONG GREEN CTI LTD.
- Gross proceeds of $1.3M from sale of 130,000 Series E Preferred at $10/share to Wickbur Holdings LLC.
- Gross proceeds of $0.7M from sale of 70,000 Series F Preferred at $10/share to Agile Wisdom International Limited.
- Each series pays 8.5% annual dividend; conversion price is lower of $1.52 or 10-day VWAP.
- Series E warrant for 361,400 common shares; Series F warrant for 194,600 common shares; both 3-year terms.
- Certificates of Designations filed March 13, 2024; each preferred share carries 6.58 votes on as-converted basis.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
YUNHONG GREEN CTI LTD.: Filed Series E Certificate of Designations establishing terms of Series E Convertible Preferred Stock (effective 2024-03-13).
- Change
- charter amendment
- Effective
- 2024-03-13
Exact text from the filing
On March 13, 2024, the Company filed with the Secretary of State of the State of Illinois [a/an] [Amended and Restated] Certificate of Designations, Preferences and Rights of Series E Convertible Preferred Stock
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
YUNHONG GREEN CTI LTD.: Filed Series F Certificate of Designations establishing terms of Series F Convertible Preferred Stock (effective 2024-03-13).
- Change
- charter amendment
- Effective
- 2024-03-13
Exact text from the filing
On March 13, 2024, the Company filed with the Secretary of State of the State of Illinois [a/an] [Amended and Restated] Certificate of Designations, Preferences and Rights of Series F Convertible Preferred Stock
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
YUNHONG GREEN CTI LTD. entered into Stock Purchase Agreement for Series E Preferred Stock / Series E Investor Warrant with Wickbur Holdings LLC valued at $1,300,000 (effective 2024-03-11).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Wickbur Holdings LLC
- Value
- $1,300,000
- Effective
- 2024-03-11
Exact text from the filing
On March 11, 2024, Yunhong Green CTI Ltd. (the “Company”), entered into a Stock Purchase Agreement (the “Series E Preferred SPA”) with Wickbur Holdings LLC (the “Series E Investor”), pursuant to which the Company agreed to issue and sell, and the Series E Investor agreed to purchase, 130,000 shares of the Company’s newly created Series E Convertible Preferred Stock (“Series E Preferred”), at a purchase price of $10.00 per share, resulting in gross proceeds to the Company of $1,300,000
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
YUNHONG GREEN CTI LTD. entered into Stock Purchase Agreement for Series F Preferred Stock and Series F Investor Warrant with Agile Wisdom International Limited valued at $700,000 (effective 2024-03-11).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Agile Wisdom International Limited
- Value
- $700,000
- Effective
- 2024-03-11
Exact text from the filing
On March 11, 2024, the Company entered into a Stock Purchase Agreement (the “Series F Preferred SPA”) with Agile Wisdom International Limited (the “Series F Investor”), pursuant to which the Company agreed to issue and sell, and the Series F Investor agreed to purchase, 70,000 shares of the Company’s newly created Series F Convertible Preferred Stock (“Series F Preferred”), at a purchase price of $10.00 per share, resulting in gross proceeds to the Company of $700,000
View on SEC.gov
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