Verde Resources closes $2M strategic investment from Ergon Asphalt & Emulsions

VERDE RESOURCES, INC.

Gross proceeds of $2M from sale of 24.9M shares and warrant for 24.9M shares at $0.08018/share.
Ergon is prohibited from selling shares for 180 days after a future firm-commitment IPO/uplist, or until Sept 30, 2026 if uplist not completed.
Use of proceeds for working capital and general corporate purposes.
Ergon granted board observer rights and piggyback registration rights, and a 3-year participation right in future equity financings.
Warrant exercisable for cash or cashless, with beneficial ownership cap of 4.99% (can be increased to 9.99%).

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

VERDE RESOURCES, INC. issued 24,943,876 shares of common stock to Ergon Asphalt & Emulsions, Inc. for $0.08018 per share.

Security: common stock
Shares: 24,943,876 shares
Purchaser: Ergon Asphalt & Emulsions, Inc.
Consideration: $0.08018 per share

Exact text from the filing

$0.001 per share (the “ Common Stock ”), and a warrant (the “ Warrant ”) to purchase 24,943,876 shares of Common Stock (the “ Warrant Shares ”), at a combined purchase price of $0.08018 per share (the “ Offering Price ”), which represents a five percent (5%) discount to the volume-weighted average price of the Common Stock for the thirty (30) trading days

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

VERDE RESOURCES, INC. issued 24,943,876 shares of Common Stock of warrant to Ergon Asphalt & Emulsions, Inc. for $0.08018 per share.

Security: warrant
Shares: 24,943,876 shares of Common Stock
Purchaser: Ergon Asphalt & Emulsions, Inc.
Consideration: $0.08018 per share

Exact text from the filing

$0.001 per share (the “ Common Stock ”), and a warrant (the “ Warrant ”) to purchase 24,943,876 shares of Common Stock (the “ Warrant Shares ”), at a combined purchase price of $0.08018 per share (the “ Offering Price ”), which represents a five percent (5%) discount to the volume-weighted average price of the Common Stock for the thirty (30) trading days

View on SEC.gov

26 equity issuances filed in the last 30 days. Browse all equity issuances →

VERDE RESOURCES, INC. filing history →

Source: SEC EDGAR

accession 0001640334-25-001970

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