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Eshallgo Inc Secures $5 Million through Convertible Debenture Offering
Prnewswire· 2024-12-02 13:30
Core Viewpoint - Eshallgo Inc has entered into a securities purchase agreement to issue convertible debentures totaling up to $5,000,000, with an annual interest rate of 5%, which increases to 18% in case of default, maturing on November 28, 2025 [1][3]. Group 1: Securities Purchase Agreement Details - The initial closing of $1,500,000 occurred on November 29, 2024, with subsequent closings of $2,000,000 and $1,500,000 contingent upon SEC registration [2]. - The debentures can be converted into Class A ordinary shares at a fixed price of $4.756 per share for the first 50 days, after which the conversion price may be adjusted based on the lowest daily VWAP [3]. - If certain conditions are met, including a drop in daily VWAP below a specified floor price, the company may be required to make monthly payments of up to $1,000,000 plus a 10% premium and accrued interest [3]. Group 2: Fees and Registration - The company will pay a 1% commitment fee upon the effectiveness of the registration statement, and a one-time due diligence and structuring fee of $25,000 was paid at the initial closing [4]. - The debentures were issued as a private placement under an exemption from registration, and the company has committed to filing a registration statement with the SEC within 21 days [5][6]. Group 3: Company Overview - Eshallgo Inc is a leading office solution provider in China, specializing in office supply sales, leasing, and after-sale maintenance and repair, with a presence across 20 provinces [7].
Eshallgo Inc.(EHGO) - Prospectus(update)
2024-06-27 21:31
As filed with the U.S. Securities and Exchange Commission on June 27, 2024 Registration No. 333-271478 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 11 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Eshallgo Inc (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 7359 Not Applicable (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorpor ...
Eshallgo Inc.(EHGO) - Prospectus(update)
2024-06-10 20:17
As filed with the U.S. Securities and Exchange Commission on June 10, 2024 Registration No. 333-271478 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 10 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Eshallgo Inc (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 7359 Not Applicable (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorpor ...
Eshallgo Inc.(EHGO) - Prospectus(update)
2024-05-17 18:15
As filed with the U.S. Securities and Exchange Commission on May 17, 2024 Amendment No. 9 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Eshallgo Inc (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 7359 Not Applicable (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) Registration No. 333-271478 ...
Eshallgo Inc.(EHGO) - Prospectus(update)
2024-03-13 01:00
As filed with the U.S. Securities and Exchange Commission on March 12, 2024 Registration No. 333-271478 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 8 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Eshallgo Inc (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 7359 Not Applicable incorporation or organization) Classification Code Number) Identification Number) 12F ...
Eshallgo Inc.(EHGO) - Prospectus(update)
2024-02-09 22:11
As filed with the U.S. Securities and Exchange Commission on February 9, 2024 Registration No. 333-271478 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 7 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Eshallgo Inc (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 7359 Not Applicable Copies to: Mengyi "Jason" Ye, Esq. Yuning "Grace" Bai, Esq. VCL Law LLP 366 Madison ...
Eshallgo Inc.(EHGO) - Prospectus(update)
2023-12-18 19:27
As filed with the U.S. Securities and Exchange Commission on December 18, 2023 Registration No. 333-271478 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 6 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Eshallgo Inc (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 7359 Not Applicable incorporation or organization) Classification Code Number) Identification Number) ( ...
Eshallgo Inc.(EHGO) - Prospectus(update)
2023-11-20 19:06
As filed with the U.S. Securities and Exchange Commission on November 20, 2023 Registration No. 333-271478 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 5 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Eshallgo Inc (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 7359 Not Applicable incorporation or organization) Classification Code Number) Identification Number) ( ...
Eshallgo Inc.(EHGO) - Prospectus(update)
2023-10-20 20:14
As filed with the U.S. Securities and Exchange Commission on October 20, 2023 Registration No. 333-271478 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Eshallgo Inc (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 7359 Not Applicable incorporation or organization) Classification Code Number) Identification Number) (S ...
Eshallgo Inc.(EHGO) - Prospectus(update)
2023-06-30 00:38
As filed with the U.S. Securities and Exchange Commission on June 29, 2023 Eshallgo Inc (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) 12F Block 16, No.1000 Jinhai Road, Pudong New District, Shanghai, China 201206 +86 4006005800 Registration No. 333-271478 UNITED STATES SECURITIES ...