Business Context and Reporting Period
This Form 8-K Current Report was filed by American Lorain Corporation (noted in metadata as Planet Green Holdings Corp.) on December 28, 2017. The registrant is incorporated in Nevada with principal executive offices in Shandong, China. The report details a material definitive agreement and unregistered sale of equity securities executed on the date of the report.
Key Financial Metrics
The filing discloses a specific financing transaction but does not provide comprehensive financial statements, revenue, profit, cash flow, or margin data for the period.
- Financing Amount: $1.275 million aggregate investment.
- Investors: Yi Li and Beili Zhu.
- Shares Issued: 7,500,000 shares of common stock.
- Purchase Price: $0.17 per share.
- Use of Proceeds: General corporate purposes.
The filing text does not provide clear values for debt, liquidity, or operating margins.
Material Changes
The primary material change reported is the entry into a Securities Purchase Agreement resulting in the issuance of 7,500,000 shares of common stock. This represents a significant capital raise and dilution event for existing shareholders. No comparative financial data is provided to assess changes in operational performance versus prior periods.
Guidance, Outlook, and Other Events
Management indicated that the proceeds from the financing will be used for general corporate purposes. The filing also notes a delay in the Company's annual stockholder meeting. This delay was implemented to continue soliciting sufficient votes to meet quorum requirements. The Company stated it would announce a new meeting date as soon as practical. No specific forward-looking guidance or risk factors beyond standard representations were detailed in the text.
Investor Verification Checklist
- Verify the current share count and the impact of the 7,500,000 new shares on ownership dilution.
- Confirm the new date for the annual stockholder meeting and the status of quorum requirements.
- Review the full text of the Securities Purchase Agreement (Exhibit 10.1, if available) for specific covenants or restrictions.
- Check subsequent filings for the actual deployment of the $1.275 million in proceeds.