Linkage Global Issues $10.83M in Convertible Notes
Ticker: LGCB · Form: 6-K · Filed: Dec 20, 2024 · CIK: 1969401
| Field | Detail |
|---|---|
| Company | Linkage Global Inc (LGCB) |
| Form Type | 6-K |
| Filed Date | Dec 20, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $10,830,000, b, $800,000, $0.00025, $1, $0.24 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, debt-issuance, convertible-notes
TL;DR
Linkage Global raised $10.83M via convertible notes from institutional investors.
AI Summary
Linkage Global Inc. announced on December 20, 2024, that it entered into a securities purchase agreement on September 18, 2024, with certain institutional investors. Through this agreement, the Company issued convertible promissory notes totaling US$10,830,000 with an 8% interest rate.
Why It Matters
This issuance of convertible notes provides Linkage Global Inc. with significant capital, which could be used for expansion, operations, or debt repayment, impacting its financial structure and future growth prospects.
Risk Assessment
Risk Level: medium — The issuance of convertible notes can dilute existing shareholder value if converted into stock and introduces debt obligations.
Key Numbers
- US$10.83M — Convertible Notes Issued (Represents capital raised by Linkage Global Inc.)
- 8% — Interest Rate (Annual interest rate on the convertible promissory notes)
Key Players & Entities
- Linkage Global Inc (company) — Issuer of convertible notes
- US$10,830,000 (dollar_amount) — Aggregate principal amount of convertible promissory notes issued
- September 18, 2024 (date) — Date of the securities purchase agreement
- December 20, 2024 (date) — Filing date of the 6-K report
FAQ
What is the maturity date of the convertible promissory notes?
The filing does not specify the maturity date of the convertible promissory notes.
What are the terms for conversion of the notes into common stock?
The filing mentions convertible promissory notes but does not detail the specific conversion terms or price.
Who are the specific institutional investors that purchased the notes?
The filing refers to 'certain institutional investors' but does not name them.
What is the intended use of the proceeds from the note issuance?
The filing does not specify the intended use of the proceeds from the US$10,830,000 note issuance.
Has Linkage Global Inc. filed a Form 20-F for its annual reports?
Yes, the filing indicates that the registrant files annual reports under cover of Form 20-F.
Filing Stats: 398 words · 2 min read · ~1 pages · Grade level 19.5 · Accepted 2024-12-20 06:07:36
Key Financial Figures
- $10,830,000, b — in the aggregate principal amount of US$10,830,000, bearing interest at a rate of 8% per annu
- $800,000 — aggregate original issue discount of US$800,000, and (ii) 9,300,000 Class A ordinary sh
- $0.00025 — the purchase price equal to par value US$0.00025 per share, which is for pre-delivery an
- $1 — rsion price equal to the lower of (i) US$1.20, or (ii) 70% of the lowest closing p
- $0.24 — reed to add a conversion floor price of $0.24 per share to the convertible promissory
Filing Documents
- ea0225511-6k_linkage.htm (6-K) — 9KB
- 0001213900-24-110731.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. Linkage Global Inc Date: December 20, 2024 By: /s/ Zhihua Wu Name: Zhihua Wu Title: Chief Executive Officer, Director, and Chairman of the Board of Directors 2