Sino Green Land (OTC: SGLA) sells 193,500 shares at $1.00 in private deal
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Sino Green Land Corporation entered into a Subscription Agreement with individual investors for a private placement of 193,500 shares of common stock at $1.00 per share, generating aggregate gross proceeds of $193,500. The transaction closed on February 11, 2026.
The shares were sold without underwriters in a non-public offering relying on exemptions from registration under Section 4(a)(2) of the Securities Act and Regulation D and/or Regulation S. Investors represented that they are accredited or non-U.S. persons. The company plans to use the proceeds for operating capital.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 1.01, 3.02, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 3.02
Unregistered Sales of Equity Securities
Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did Sino Green Land Corporation (SGLA) announce in this 8-K filing?
Sino Green Land Corporation reported a private placement of its common stock. The company sold 193,500 shares at $1.00 per share, raising $193,500 in gross proceeds, and plans to use the funds for operating capital needs.
What is the total amount Sino Green Land (SGLA) raised in this private placement?
Sino Green Land raised aggregate gross proceeds of $193,500 in the private placement. This came from selling 193,500 shares of common stock at $1.00 per share to individual investors under a Subscription Agreement.
How will Sino Green Land Corporation (SGLA) use the $193,500 in proceeds?
The company plans to use the proceeds from the Offering for operating capital. This means the $193,500 raised will support day-to-day business activities and general corporate purposes, rather than a specific acquisition or debt repayment.
What securities law exemptions did Sino Green Land (SGLA) rely on for this offering?
The Offering relied on exemptions from registration under Section 4(a)(2) of the Securities Act and Regulation D and/or Regulation S. The company cites the non-public nature of the offering and investor status representations as the basis for these exemptions.
Were underwriters involved in Sino Green Land’s (SGLA) private stock sale?
No underwriters were involved in the offer and sale of the common stock. The shares were sold directly to individual investors in a private placement, which relied on exemptions from registration under Section 4(a)(2), Regulation D, and/or Regulation S.