12/18/2025 | Press release | Distributed by Public on 12/18/2025 07:26
Item 1.01 Entry into a Material Definitive Agreement.
Subscription Agreement
On December 18, 2025, Greenpro Capital Corp. (the "Company") entered into a subscription agreement (the "Subscription Agreement") with an investor identified in the Subscription Agreement (the "Purchaser") providing for the private placement of 100,000 shares of the Company's common stock, par value $0.0001 (the "Common Stock"), at a per share purchase price of $1.50 (the "Offering") or aggregate gross proceeds of $150,000. The Offering closed on December 18, 2025.
The issuance of shares of Common Stock pursuant to the Subscription Agreements was made in reliance upon the exemptions from registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended, (the "Securities Act") and Regulation D and/or Regulation S promulgated under the Securities Act. The Company believes the exemptions provided by Section 4(a)(2) and Regulation D, and/or Regulation S of the Securities Act were available because the offering did not involve a public offering and each of the Purchasers in the Offering represented that it is an "accredited investor" within the meaning of Rule 501(a) of Regulation D and/or is not a "U.S. person" as defined in Regulation S.
No underwriters were involved in the offer and sale of the Common Stock in the Offering. We plan to use the proceeds of the Offering for operating capital.
Item 3.02 Unregistered Sale of Equity Securities
The information contained above under Item 1.01, to the extent applicable, is hereby incorporated by reference herein.