Masonglory closes $1M private share placement
Each warrant series can cover up to 667,000 additional Class A ordinary shares, with exercise prices of US$1.30 and US$1.10.
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Rhea-AI Filing Summary
Masonglory Ltd (MSGY) completed a private placement on October 5, 2026, issuing 667,000 Class A ordinary shares at US$1.50 per share. The company received US$1,000,500 in aggregate gross proceeds before offering expenses. Four investors participated.
At closing, the company also issued, for no additional consideration, Series A warrants to purchase up to 667,000 Class A ordinary shares at US$1.30 per share and Series B warrants to purchase up to 667,000 shares at US$1.10 per share. Both series are exercisable from October 5, 2026, and each has a term of two years from issuance. The shares and warrants were issued in an offshore transaction without Securities Act registration, in reliance on registration exemptions, and are restricted securities subject to transfer restrictions. Shares issued upon warrant exercise will have the same restrictions. Immediately after closing, no purchaser held 5% or more of the company’s aggregate voting power.
Filing Explained
The October 5 closing issued Series A and Series B warrants, each exercisable for up to 667,000 shares; exercise would issue additional shares and reduce existing holders’ percentage ownership, but the warrants themselves are not shares.
Key Figures
Key Terms
private placement financial
gross proceeds financial
restricted securities regulatory
Series A Warrants financial
offshore transaction regulatory
FAQ
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