Greenpro Capital (NASDAQ: GRNQ) to issue 8.5M shares for 13.6% Forekast stake
Rhea-AI Filing Summary
Greenpro Capital Corp. signed a Share Exchange Agreement to acquire a 13.6% fully diluted equity interest in Forekast Limited. In return, Greenpro will issue 8,500,000 shares of its common stock to Forekast’s shareholders at closing, subject to customary conditions and an outside closing date of March 31, 2026.
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Insights
Greenpro is using stock to take a 13.6% stake in Forekast under a conditional share exchange.
Greenpro Capital Corp. agreed to acquire a 13.6% fully diluted equity interest in Forekast Limited through a share exchange. As consideration, Greenpro will issue 8,500,000 common shares to Forekast’s shareholders, making this a stock-for-equity investment rather than a cash acquisition.
The agreement contains customary representations, covenants, closing conditions, and termination provisions, including an outside date of
Investors can follow future company filings for confirmation of closing, details on any resulting ownership or governance rights in Forekast, and any subsequent financial disclosures that explain how this 13.6% stake contributes to Greenpro’s strategy and operating results.
FAQ
What transaction did Greenpro Capital Corp. (GRNQ) announce in this 8-K?
How much of Forekast Limited will Greenpro Capital Corp. (GRNQ) own after the transaction?
What consideration is Greenpro Capital Corp. (GRNQ) providing in the Forekast share exchange?
When was the Share Exchange Agreement between GRNQ and Forekast Limited signed?
What is the outside closing date for Greenpro Capital Corp.’s (GRNQ) Forekast transaction?
What type of provisions are included in Greenpro Capital Corp.’s (GRNQ) Share Exchange Agreement?
Filing Exhibits & Attachments
53 documentsAgreements & Contracts
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