Kuke Music Sells $1.14M in Securities to Streeterville Capital

TL;DR

Kuke Music just sold $1.14M in stock to Streeterville Capital. Funding secured.

AI Summary

Kuke Music Holding Limited, a leading classical music service platform in China, announced on July 5, 2024, that it entered into a securities purchase agreement with Streeterville Capital, LLC. This agreement involves the issuance and sale of $1,142,500 in aggregate.

Why It Matters

This transaction provides Kuke Music with capital, which could be used for operational expansion or strategic initiatives, potentially impacting its market position and future growth.

Risk Assessment

Risk Level: medium — The company is issuing new securities, which could dilute existing shareholders, and the nature of the agreement with Streeterville Capital warrants further investigation.

Key Numbers

• $1.14M — Securities Sale (Amount raised by Kuke Music from Streeterville Capital)

Key Players & Entities

• Kuke Music Holding Limited (company) — Issuer of securities
• Streeterville Capital, LLC (company) — Purchaser of securities
• $1,142,500 (dollar_amount) — Aggregate value of securities sold
• July 5, 2024 (date) — Date of the securities purchase agreement

FAQ

Key Financial Figures

• $1,142,500 — ction with the issuance and sale of (i) $1,142,500 aggregate principal amount of 8.0% Conv
• $0.001 — ,000 Class A ordinary shares, par value $0.001 per share (the “ordinary shares&r

Filing Documents

• ea0208965-6k_kukemusic.htm (6-K) — 13KB
• 0001213900-24-059477.txt ( ) — 14KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2024 Commission File Number: 001-39859 Kuke Music Holding Limited Room 303 Beijing Broadcasting Tower, No. Jia 14, Jianwaidajie Chaoyang District, Beijing People’s Republic of China +86-010-6561 0392 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Kuke Music Holding Limited, a Cayman Islands exempted company (the “Company”), a leading classical music service platform in China, entered into a securities purchase agreement with Streeterville Capital, LLC, a Utah limited liability company, in connection with the issuance and sale of (i) $1,142,500 aggregate principal amount of 8.0% Convertible Note Due July 5, 2025 (which can be convertible into up to 5,000,000 Class A ordinary shares, par value $0.001 per share (the “ordinary shares”)) and (ii) 950,000 American Depositary Shares (the “ADSs”) at a purchase price of $0.001 per share, representing 950,000 Class A ordinary shares. As a foreign private issuer, the Company hereby intends to rely on home country practice of the Cayman Islands with respect to the requirements under the NYSE Listed Company Manual Rule 312.03. The information contained in this Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (Registration No. 333-267655 ) and the Company’s Registration Statement on Form S-8 (Registration No. 333-256982 ). 1 SIGNATURE 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. Kuke Music Holding Limited By: /s/ Li Li Name: Li Li Title: Chief Financial Officer Date: July 5, 2024 2

View Full Filing

View this 6-K filing on SEC EDGAR