CBL International Closes Private Placement
Ticker: BANL · Form: 6-K · Filed: Aug 22, 2024 · CIK: 1914805
Sentiment: neutral
Topics: private-placement, financing
TL;DR
CBL International just closed its private placement, details to follow.
AI Summary
CBL International Limited announced the closing of its private placement on August 22, 2024, following a previous disclosure on July 22, 2024. The filing does not specify the amount raised or the terms of the placement.
Why It Matters
The closing of a private placement can impact a company's capital structure and future funding capabilities, potentially affecting its stock price.
Risk Assessment
Risk Level: medium — The lack of specific financial details in this filing regarding the private placement introduces uncertainty about its impact.
Key Players & Entities
- CBL International Limited (company) — Registrant
- August 22, 2024 (date) — Closing date of private placement
- July 22, 2024 (date) — Date of previous disclosure
FAQ
What was the total amount raised in the private placement?
The filing does not disclose the total amount raised in the private placement.
Who were the investors in this private placement?
The filing does not name the investors who participated in the private placement.
What are the terms and conditions of the private placement?
The specific terms and conditions of the private placement are not detailed in this filing.
When was the initial announcement or disclosure regarding this private placement made?
The initial disclosure regarding this private placement was made in a Current Report on Form 6-K filed on July 22, 2024.
What is the principal business of CBL International Limited?
CBL International Limited is involved in the wholesale of petroleum and petroleum products, excluding bulk stations.
Filing Stats: 451 words · 2 min read · ~2 pages · Grade level 14 · Accepted 2024-08-22 14:50:17
Key Financial Figures
- $0.0001 — dinary Shares of the Company, par value $0.0001 per share (the “Shares”) at
- $0.55 — o;Shares”) at a purchase price of $0.55 per share (the “Securities”
- $1.375 million — eceived gross proceeds of approximately $1.375 million before deducting any offering expenses
Filing Documents
- form6-k.htm (6-K) — 22KB
- ex99-1.htm (EX-99.1) — 21KB
- ex99-1_001.jpg (GRAPHIC) — 2KB
- 0001493152-24-033541.txt ( ) — 48KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CBL International Limited By: /s/ Teck Lim Chia Name: Teck Lim Chia Date: August 22, 2024 Title: Chief Executive Officer