PLANET GREEN HOLDINGS CORP. ENTERED INTO FINANCING TRANSACTION
Planet Green Holdings Corp. (NYSE American: PLAG) has entered into a Share Purchase Agreement with two investors, securing gross proceeds of $4,100,000.
Sentiment and the balance of points
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Rhea-AI Summary
Planet Green Holdings Corp. (NYSE American: PLAG) has entered into a Share Purchase Agreement with two investors, securing gross proceeds of $4,100,000. In exchange, the company will issue 10,000,000 shares of common stock at an approximate price of $0.41 per share. The transaction is subject to customary closing conditions.
This press release also includes forward-looking statements that may involve risks and uncertainties, emphasizing that actual results could differ from those anticipated.
Positive
- Proceeds of $4,100,000 from new share issuance.
Negative
- Issuance of 10,000,000 shares may dilute existing shareholder value.
Details
News Market Reaction – PLAG
The recorded move for PLAG in the trading session of this news was +5.00%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, May 19, 2022 /PRNewswire/ -- Planet Green Holdings Corp. (the "Company") (NYSE American: PLAG) announced today that the Company has entered into a Share Purchase Agreement with two investors (the "Transaction"). Pursuant to the agreement, the Company will receive gross proceeds of
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that indicate future events or trends or are not statements of historical matters. These statements are based on our management's current expectations and beliefs, as well as a number of assumptions concerning future events.
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of our control and all of which could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in our reports filed with the Securities and Exchange Commission, which are available, free of charge, on the SEC's website at www.sec.gov.
For more information please contact:
Ms. Lili Hu
Chief Financial Officer
Phone: 718 799 0380
Email: hulili@planetgreenholdings.com
View original content:https://www.prnewswire.com/news-releases/planet-green-holdings-corp-entered-into-financing-transaction-301551691.html
SOURCE Planet Green Holdings Corp.
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