ESGL Holdings Raises $4M in Private Placement

TL;DR

ESGL just raised $4M from a private placement at $0.29/share, closing Aug 22.

AI Summary

On August 21, 2024, ESGL Holdings Limited entered into a Share Purchase Agreement to issue 13,800,000 ordinary shares to accredited investors at $0.29 per share. The private placement closed on August 22, 2024, raising gross proceeds of $4,002,000 for the company.

Why It Matters

This private placement provides ESGL Holdings with new capital, potentially funding operations or expansion, while diluting existing shareholders.

Risk Assessment

Risk Level: medium — Private placements can indicate a need for capital and may lead to share dilution, impacting existing shareholder value.

Key Numbers

• $4.002M — Gross Proceeds (Raised from the private placement of ordinary shares.)
• 13.8M — Shares Issued (Ordinary shares sold in the private placement.)
• $0.29 — Price Per Share (The price at which shares were sold in the private placement.)

Key Players & Entities

• ESGL Holdings Limited (company) — Filer of the 6-K report and issuer of shares
• August 21, 2024 (date) — Date of Share Purchase Agreement
• August 22, 2024 (date) — Closing Date of the private placement
• 13,800,000 (dollar_amount) — Number of ordinary shares issued
• US$0.29 (dollar_amount) — Purchase price per share
• $4,002,000 (dollar_amount) — Gross proceeds raised

FAQ

Key Financial Figures

• $0.29 — the Purchasers at a purchase price of US$0.29 per share. The closing of the private p
• $4,002,000 — the Company received gross proceeds of $4,002,000. For a period of three months following

Filing Documents

• form6-k.htm (6-K) — 20KB
• ex10-1.htm (EX-10.1) — 120KB
• 0001493152-24-033715.txt ( ) — 141KB

From the Filing

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 August 2024 Commission File No. 001-41772 ESGL Holdings Limited 101 Tuas South Avenue 2 Singapore 637226 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F Information Contained in this Form 6-K Report Private Placement On August 21, 2024, ESGL Holdings Limited (the “Company”) entered into a Share Purchase Agreement (the “Purchase Agreement”) with certain accredited investors named therein (the “Purchasers”), pursuant to which the Company issued in a private placement an aggregate of 13,800,000 ordinary shares to the Purchasers at a purchase price of US$0.29 per share. The closing of the private placement occurred on August 22, 2024 (the “Closing Date”) and the Company received gross proceeds of $4,002,000. For a period of three months following the Closing Date, Mr. Samuel Wu, one of the Purchasers, was granted the right to purchase up to an aggregate of 3,441,380 additional ordinary shares on the same and terms and conditions set forth in the Purchase Agreement (the “Second Closing Option”). The ordinary shares were offered, issued and sold by the Company in a private placement pursuant to the exemption provided in Section 4(a)(2) under the United States Securities Act of 1933, as amended (the “Securities Act”). As soon as practicable following the expiration of the Second Closing Option, the Company has agreed to use its commercially reasonable efforts to prepare and file a resale registration statement on Form F-1 with the Securities and Exchange Commission registering the ordinary shares issued pursuant to the Purchase Agreement for resale on behalf of the Purchasers. The Company also agreed to use its commercially reasonable efforts to cause such registration statement to be declared effective under the Securities Act as promptly as possible after the filing thereof, and shall use its commercially reasonable efforts to keep such registration statement continuously effective under the Securities Act until the date that all of the shares covered by such registration statement (i) have been sold thereunder or pursuant to Rule 144, or (ii) may be sold without volume or manner-of-sale restrictions pursuant to Rule 144. The foregoing description of the Purchase Agreement does not purport to describe all of the terms and provisions thereof and is qualified in its entirety by reference to the form of Purchase Agreement which is filed hereto as Exhibit 10.1 and is incorporated herein by reference. Exhibits Exhibit No. Description 10.1 Share Purchase Agreement. 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. ESGL Holdings Limited By: /s/ Ho Shian Ching Name: Ho Shian Ching Title: Chief Financial Officer Dated: August 23, 2024

View Full Filing

View this 6-K filing on SEC EDGAR