Oriental Culture Holding LTD. Private Placement Agreement
Ticker: OCG · Form: 6-K · Filed: Jun 6, 2024 · CIK: 1776067
Sentiment: neutral
Topics: private-placement, capital-raise, securities-agreement
TL;DR
Oriental Culture Holding LTD. is selling shares privately, details to follow.
AI Summary
On May 31, 2024, Oriental Culture Holding LTD. entered into a Securities Purchase Agreement to sell shares in a private placement to certain purchasers. The filing does not specify the number of shares or the total dollar amount of the private placement.
Why It Matters
This filing indicates Oriental Culture Holding LTD. is raising capital through a private placement, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Private placements can sometimes signal a need for capital or dilute existing shareholder value, requiring further investigation into the terms.
Key Players & Entities
- Oriental Culture Holding LTD. (company) — Filer of the 6-K report
- May 31, 2024 (date) — Date of the Securities Purchase Agreement
- Securities Purchase Agreement (document) — Agreement for the private placement
FAQ
What is the total dollar amount of the private placement?
The filing does not specify the total dollar amount of the private placement.
How many shares is Oriental Culture Holding LTD. selling in this private placement?
The filing does not specify the number of shares being sold.
Who are the specific purchasers in this private placement?
The filing refers to 'certain purchasers identified on the signature page thereto' but does not name them in the provided text.
What is the intended use of the funds raised from this private placement?
The filing does not disclose the intended use of the funds raised.
What is the effective date of the Securities Purchase Agreement?
The Securities Purchase Agreement was entered into on May 31, 2024.
Filing Stats: 394 words · 2 min read · ~1 pages · Grade level 12 · Accepted 2024-06-06 16:30:03
Key Financial Figures
- $0.50 — of the Company, at a purchase price of $0.50 per share for an aggregate price of $7,
- $7,000,000 — .50 per share for an aggregate price of $7,000,000 (the “ Private Placement ”)
Filing Documents
- ea0207414-6k_oriental.htm (6-K) — 12KB
- ea020741401ex99-1_oriental.htm (EX-99.1) — 94KB
- ea020741401ex99-2_oriental.htm (EX-99.2) — 43KB
- 0001213900-24-050390.txt ( ) — 151KB
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. Oriental Culture Holding LTD Date: June 6, 2024 By: /s/ Yi Shao Name: Yi Shao Title: Chief Executive Officer 2 Exhibit Index Exhibit Number Description 99.1 Form of Securities Purchase Agreement 99.2 Form of Warrants 3