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Top KingWin Ltd Announces $1,000,000 Convertible Promissory Note Offering and Up to $28,500,000 Additional Note Offering
Top KingWin LtdTop KingWin Ltd(US:WAI) GlobeNewswire News Roomยท2025-02-19 13:00

Core Viewpoint - Top KingWin Ltd has entered into a securities purchase agreement to issue a convertible note worth $1,000,000, aiming to raise gross proceeds of $900,000 from an institutional investor [1][3]. Group 1: Convertible Note Details - The convertible note has an interest rate of 11.75% per annum and includes an original issue discount of 10% [3]. - The principal and accrued interest on the note will be due twelve months after issuance, with an option for the purchaser to extend the maturity for an additional twenty-four months [3]. - The note is convertible into class A ordinary shares at any time after the issuance date, under specified terms [3]. Group 2: Future Offerings - The company plans to conduct seven additional tranches of closings, with six tranches of notes totaling up to $4,000,000 each and one tranche up to $4,500,000, amounting to a total of up to $28,500,000 [5]. Group 3: Company Overview - Top KingWin Ltd primarily serves entrepreneurs and executives in small and medium-sized enterprises in China, offering corporate business training, consulting services, and advisory services [7].