BLMZ completes $50M PIPE at $0.14; shares outstanding 545.7M
Rhea-AI Filing Summary
Harrison Global Holdings (BLMZ) completed the second tranche of its previously announced PIPE financing. The company issued 357,142,857 Class A ordinary shares at US$0.14 per share, raising an aggregate subscription amount of US$50,000,000. The closing was approved by written investor consent and authorized by the Board.
After this closing, total shares outstanding are 545,658,791, comprising 495,658,791 Class A (1 vote per share) and 50,000,000 Class B (30 votes per share). The financing relied on Reg D (Rule 506(c)) for U.S. accredited investors and Reg S for non‑U.S. investors. A shareholder list as of October 24, 2025 is incorporated by reference.
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Insights
$50M PIPE closed; share count now 545.7M
The company closed a second‑tranche PIPE, issuing 357,142,857 Class A shares at US$0.14 for total gross proceeds of US$50,000,000. Board authorization and investor consent are noted, indicating corporate approvals for the issuance.
The transaction increases total shares outstanding to 545,658,791 as of October 24, 2025, with voting split between Class A (1 vote) and Class B (30 votes). The structure may affect voting dynamics given the 50,000,000 Class B shares’ higher vote weight.
Placement relied on Regulation D Rule 506(c) and Regulation S, which typically targets accredited and non‑U.S. investors, respectively. Actual market impact depends on holder behavior and any future resales permitted under applicable rules.
FAQ
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