Nexpu Ltd. (DPU) entered into a private placement on October 14, 2026, and completed it on October 19, selling 40,000,000 units at $0.70 per unit for an aggregate purchase price of approximately $28,000,000. Each unit consists of one Class A ordinary share and one warrant to purchase one additional Class A ordinary share.
The company received the aggregate purchase price at closing. Net proceeds will be used for working capital and development of its enterprise artificial intelligence software and robotics business, as determined by the company in its sole discretion.
The agreement lists 3,295,826 Class A and 160,933 Class B ordinary shares issued and outstanding as of the agreement date. The warrants are immediately exercisable upon issuance for cash only at an initial $0.71 per share and expire three years from issuance. The purchase agreement bars using proceeds to redeem ordinary shares or in violation of FCPA or OFAC regulations.
Ruilin Xu, identified as Top KingWin Ltd (DPU)'s chief executive officer and chairman, reported beneficial ownership representing 90.71% of the company's total voting power as of October 8, 2026. That represents 32,187,368 votes, reflecting 154,873 Class B shares held directly and, through Xu Ruilin Capital, 768 Class A shares and 6,060 Class B shares.
Top KingWin issued Xu 20,991 Class B shares on July 27, 2026; 81,081 on May 8, 2026; 51,282 on November 27, 2025; and 1,519 on June 17, 2025, under his employment agreement. The June 17, 2025 count is stated on a post-1:25 reverse-split basis. Each Class B share carries 200 votes and may be converted into 200 Class A shares at the holder's option.