STOCK TITAN

CCH Holdings closes financing with $2.19M proceeds

The amendment removed CCHH's Floor Price reset right and limited registered warrant shares to 374,112 shares issuable upon full cash exercise.

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Form Type
6-K

Rhea-AI Filing Summary

CCH Holdings Ltd (CCHH) completed the second closing of its convertible-note financing on September 30, 2026, issuing the remaining US$1,250,000 principal of an 8% original issue discount note. The note’s full principal is US$2,500,000. CCHH received US$1,035,000 at the second closing after a US$115,000 discount, bringing aggregate gross proceeds under the Purchase Agreement to US$2,185,000.

At the July 31, 2026 initial closing, the investor received US$1,250,000 principal of the note, warrants and 700,000 Pre-Delivery Shares for US$1,150,000. The September 11 amendment eliminated CCHH’s right to reset or reduce the Note’s Floor Price and revised the Economic Difference calculation, capping the amount payable for conversion of the full US$2,500,000 principal at US$2,500,000. The Form F-1 registered resale of shares issuable upon conversion, warrant exercise and the Pre-Delivery Shares; the warrant resale registration was reduced to 374,112 shares issuable upon full cash exercise. The note itself was issued in reliance on a securities-registration exemption and was not registered.

Note principal issued in full US$2,500,000 Aggregate principal following the subsequent closing
Original issue discount 8% Note designation
Aggregate gross proceeds US$2,185,000 Under the Purchase Agreement following the subsequent closing
Subsequent closing payment US$1,035,000 Cash delivered by the investor on September 30, 2026
Additional discount US$115,000 Applied against the remaining US$1,150,000 subscription amount at the subsequent closing
Warrant shares registered for resale 374,112 shares Shares issuable upon cash exercise of the warrants in full
Pre-Delivery Shares 700,000 shares Issued to the investor at the initial closing
Original Issue Discount financial
"Senior 8% Original Issue Discount Convertible Promissory Note"
Original issue discount (OID) is the difference between a debt security’s face value and the lower price at which it is first sold, treated as additional interest that accrues over the life of the instrument. For investors it matters because OID raises the effective yield and changes taxable income and the holding’s cost basis over time — think of buying a $100 voucher for $90 and recognizing the $10 gain as earned interest as the voucher approaches maturity.
Floor Price financial
"right to reset or reduce the Floor Price under the Note"
The floor price is the minimum price at which a security, asset, or offering will be sold or accepted, acting like a seller’s “bottom line” or a reserve in an auction. For investors it matters because it sets a visible downside limit and can influence trading, valuation, and expectations of risk—like knowing there’s a safety net that a sale won’t go below a set level.
Economic Difference financial
"definition of “Economic Difference” under the Note"
daily VWAP financial
"daily VWAP of the Class A Ordinary Shares on the conversion date"
cash exercise financial
"issuable upon cash exercise of the Warrants in full"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did CCHH receive from the convertible-note offering?

CCHH received US$2,185,000 in aggregate gross proceeds under the Purchase Agreement. At the September 30, 2026 subsequent closing, the investor delivered US$1,035,000, reflecting the remaining US$1,150,000 subscription amount less a US$115,000 additional discount.

What securities did CCHH issue at the subsequent closing?

CCHH issued the remaining US$1,250,000 principal of the convertible promissory note to the investor. The note was issued following the effectiveness of the Company’s Form F-1 registration statement on September 29, 2026.

What changed in CCHH's September 2026 note amendment?

The amendment eliminated CCHH’s right to reset or reduce the Floor Price. It also revised the Economic Difference calculation to reference the lower of the daily VWAP on the conversion date and the applicable conversion price, with aggregate Economic Difference for conversion of the full US$2,500,000 principal capped at US$2,500,000.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2026

 

Commission file number: 001-42864

 

CCH HOLDINGS LTD

(Exact name of registrant as specified in its charter)

 

No. 1, Jalan Perda Jaya, Kawasan Perniagaan Perda Jaya, 14000

Bukit Mertajam, Pulau Pinang, Malaysia

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒       Form 40-F ☐

 

 

 

 

 

 

Amendment to Transaction Documents

 

As previously disclosed by CCH Holdings Ltd (the “Company”) in its Report of Foreign Private Issuer on Form 6-K furnished to the U.S. Securities and Exchange Commission (the “Commission”) on July 31, 2026, the Company entered into a Securities Purchase Agreement, dated July 31, 2026 (the “Purchase Agreement”), with an institutional investor (the “Investor”), pursuant to which the Company agreed to sell to the Investor a Senior 8% Original Issue Discount Convertible Promissory Note in the original principal amount of up to US$2,500,000 (the “Note”), convertible into Class A ordinary shares of the Company, par value US$0.0001 per share (the “Class A Ordinary Shares”), together with warrants (the “Warrants”) to purchase up to 374,112 Class A Ordinary Shares, for an aggregate subscription amount of US$2,300,000, in two closings. The initial closing occurred on July 31, 2026, at which the Note in the principal amount of US$1,250,000, the Warrants and 700,000 Pre-Delivery Shares were issued to the Investor against payment of US$1,150,000.

 

On September 11, 2026, the Company and the Investor entered into a letter amendment agreement (the “Letter Amendment”) to amend certain provisions of the Note and the Purchase Agreement. Pursuant to the Letter Amendment: (i) the Company’s right to reset or reduce the Floor Price under the Note was eliminated, such that the Company no longer has any right to reset or reduce the Floor Price; (ii) the definition of “Economic Difference” under the Note was amended such that the economic difference is calculated by reference to the lower of (1) the daily VWAP of the Class A Ordinary Shares on the conversion date and (2) the applicable conversion price, so that the aggregate economic difference payable in respect of the conversion of the entire US$2,500,000 initial principal amount of the Note will not exceed US$2,500,000; and (iii) the parties agreed that only the 374,112 Class A Ordinary Shares issuable upon cash exercise of the Warrants in full will be registered under the Registration Statement (as defined below), and the number of Class A Ordinary Shares registered in respect of the Warrants under the Registration Statement has been reduced accordingly.

 

The foregoing description of the Letter Amendment is not complete and is subject to and qualified in its entirety by reference to the full text of the Letter Amendment, which was previously filed as Exhibit 10.9 to Amendment No. 2 to the Company’s registration statement on Form F-1 (File No. 333-298220), filed with the Commission on September 14, 2026, and is incorporated herein by reference.

 

Subsequent Closing

 

On September 30, 2026, the Company completed the subsequent closing (the “Subsequent Closing”) contemplated by the Purchase Agreement, following the effectiveness of the Company’s registration statement on Form F-1 (File No. 333-298220) (the “Registration Statement”), which was declared effective by the Commission at 4:00 p.m., Eastern Time, on September 29, 2026. At the Subsequent Closing, the Investor delivered to the Company US$1,035,000, being the remaining US$1,150,000 of the subscription amount net of the additional discount of US$115,000 contemplated by the Purchase Agreement in respect of the second closing, and the Company issued to the Investor the remaining portion of the Note in the principal amount of US$1,250,000. Following the Subsequent Closing, the Note in the aggregate principal amount of US$2,500,000 has been issued in full, and the Company has received aggregate gross proceeds of US$2,185,000 under the Purchase Agreement. The Company elected to apply the additional discount as a reduction of the gross proceeds payable at the Subsequent Closing, and no Class A Ordinary Shares were or will be issued to the Investor in respect of such discount.

 

Based in part upon the representations of the Investor in the Purchase Agreement, the placement and sale of the Note at the Subsequent Closing was made in reliance on the exemption afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and corresponding provisions of state securities or “blue sky” laws. The Note issued at the Subsequent Closing has not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration with the Commission or an applicable exemption from the registration requirements. The resale of the Class A Ordinary Shares issuable upon conversion of the Note, upon exercise of the Warrants and comprising the Pre-Delivery Shares has been registered under the Registration Statement.

 

This Report shall not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

This Report is hereby incorporated by reference into the Registration Statement, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act.

 

1

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
10.1   Letter Amendment Agreement, dated September 11, 2026, between the Company and the Investor (incorporated by reference to Exhibit 10.9 to Amendment No. 2 to the Company’s registration statement on Form F-1 (File No. 333-298220), filed with the Commission on September 14, 2026)
99.1   Press Release, dated September 30, 2026

 

2

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  CCH HOLDINGS LTD
     
  By: /s/ Goh Kok E
  Name: Goh Kok E
  Title: Chairman and Chief Executive Officer
     
  Date: September 30, 2026

 

3

 

Exhibit 99.1

 

CCH Holdings Ltd Announces Subsequent Closing of US$2.5 Million Convertible Promissory Note and Warrant Offering

 

BUKIT MERTAJAM, MALAYSIA, Sept. 30, 2026 (GLOBE NEWSWIRE) -- CCH Holdings Ltd (Nasdaq: CCHH) (the “Company” or “CCH”), a Malaysia-based specialty hotpot restaurant chain, today announced the subsequent closing (the “Subsequent Closing”) of its previously announced offering of a convertible promissory note (the “Note”) convertible into Class A ordinary shares of the Company, par value US$0.0001 per share (the “Shares”), and accompanying warrants (the “Warrants”), pursuant to the Securities Purchase Agreement, dated July 31, 2026 (the “Purchase Agreement”), with an institutional investor (the “Investor”). At the Subsequent Closing, the Investor delivered to the Company US$1,035,000, being the remaining US$1,150,000 of the subscription amount net of the additional discount of US$115,000 contemplated by the Purchase Agreement in respect of the second closing, and the Company issued to the Investor the remaining portion of the Note in the principal amount of US$1,250,000. Following the Subsequent Closing, the Note in the aggregate principal amount of US$2,500,000 has been issued in full, and the Company has received aggregate gross proceeds of US$2,185,000 under the Purchase Agreement. The Company elected to apply the additional discount as a reduction of the gross proceeds payable at the Subsequent Closing, and no Class A Ordinary Shares were or will be issued to the Investor in respect of such discount.

 

The Subsequent Closing occurred following the effectiveness of the Company’s registration statement on Form F-1 (File No. 333-298220), which was declared effective by the U.S. Securities and Exchange Commission at 4:00 p.m., Eastern Time, on September 29, 2026, and which registers the resale of the Shares issuable upon conversion of the Note and upon exercise of the Warrants and the Shares comprising the pre-delivery shares issued to the Investor at the initial closing.

 

As previously disclosed in Amendment No. 2 to the Company’s registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission on September 14, 2026, the Company and the Investor entered into a letter amendment agreement, dated September 11, 2026, pursuant to which, among other things, the Company’s right to reset or reduce the floor price under the Note was eliminated, the economic difference payable upon conversions of the Note below the floor price was capped by reference to the lower of the conversion-date VWAP and the applicable conversion price, and the number of Shares registered in respect of the Warrants was reduced to the 374,112 Shares issuable upon cash exercise of the Warrants in full.

 

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

About CCH Holdings Ltd

 

CCHH (Nasdaq: CCHH) is a Nasdaq-listed company primarily engaged in Chicken Claypot and restaurant franchise operations. Building on its operating base and regional business network, the Company is pursuing strategic diversification opportunities in technology infrastructure, including technical consulting services and maintenance services solution for data center projects, with a particular focus on Southeast Asian markets. CCHH aims to develop a dual-engine growth model combining stable restaurant franchise operations with high-potential digital infrastructure business opportunities.

 

Safe Harbor Statement

 

This announcement contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could also cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: potential adverse reactions or changes to business relationships; adverse changes in general economic or market conditions; and actions by third parties, including government agencies; the Company’s strategies, future business development, and financial condition and results of operations; the expected growth of the specialty hotpot market; the political, economic, social and legal developments in the jurisdictions that the Company operates in or in which the Company intends to expand its business and operations; the Company’s ability to maintain and enhance its brand. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this announcement is as of the date of this announcement, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

For more information, please contact:

 

CCH Holdings Ltd

Investor Relations

Email: cch_ir@cchasia.com.my

 

Filing Exhibits & Attachments

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