Pop Culture Group Closes Private Placement
Ticker: CPOP · Form: 6-K · Filed: Aug 23, 2024 · CIK: 1807389
| Field | Detail |
|---|---|
| Company | Pop Culture Group CO., LTD (CPOP) |
| Form Type | 6-K |
| Filed Date | Aug 23, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $0.01, $1.00, $10 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: private-placement, shares, capital-raise
TL;DR
PCG sold 10M shares to 12 investors on Aug 23rd.
AI Summary
On August 23, 2024, Pop Culture Group Co., Ltd. closed a private placement, issuing 10,000,000 Class A ordinary shares to 12 investors. This transaction was conducted under subscription agreements dated August 6, 2024.
Why It Matters
This private placement provides the company with new capital, potentially for expansion or operational needs, and dilutes existing shareholders.
Risk Assessment
Risk Level: medium — Private placements can indicate a need for capital and lead to share dilution, impacting existing shareholder value.
Key Numbers
- 10,000,000 — Class A ordinary shares (Issued in private placement)
- 12 — Investors (Participated in private placement)
Key Players & Entities
- Pop Culture Group Co., Ltd (company) — Issuer of shares
- August 23, 2024 (date) — Closing date of private placement
- August 6, 2024 (date) — Date of subscription agreements
- 10,000,000 (dollar_amount) — Number of Class A ordinary shares issued
- 12 (dollar_amount) — Number of investors in the private placement
FAQ
What was the total number of shares issued in the private placement?
The Company issued an aggregate of 10,000,000 Class A ordinary shares.
When did Pop Culture Group Co., Ltd. close the private placement?
The private placement was closed on August 23, 2024.
How many investors participated in the private placement?
There were 12 investors, referred to as Subscribers, in the private placement.
What is the company's principal executive office address?
The principal executive office is located at 3rd Floor, No. 168 Fengqi Road, Jimei District, Xiamen City, Fujian Province, The People's Republic of China.
What type of shares were issued in the private placement?
The Company issued Class A ordinary shares.
Filing Stats: 308 words · 1 min read · ~1 pages · Grade level 10.4 · Accepted 2024-08-23 16:05:12
Key Financial Figures
- $0.01 — ,000 Class A ordinary shares, par value $0.01 per share, to the Subscribers at a pric
- $1.00 — share, to the Subscribers at a price of $1.00 per share and received gross proceeds o
- $10 million — er share and received gross proceeds of $10 million. The Class A ordinary shares in the Pri
Filing Documents
- ea0212251-6k_popcult.htm (6-K) — 9KB
- 0001213900-24-072210.txt ( ) — 10KB
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. Pop Culture Group Co., Ltd Date: August 23, 2024 By: /s/ Zhuoqin Huang Name: Zhuoqin Huang Title: Chief Executive Officer 2