Business Context and Reporting Period
Greenpro Capital Corp. (f/k/a Greenpro Inc.), a Nevada corporation, filed this Form 8-K on March 9, 2017, reporting events that occurred on March 8, 2017. The company is headquartered in Hong Kong.
Key Financial Metrics
This filing reports a specific capital raise event rather than periodic financial performance metrics such as revenue, profit, or operating cash flow.
- Capital Raised: $556,324
- Shares Issued: 278,162 shares of Common Stock
- Price Per Share: $2.00
- Use of Proceeds: Working capital
The filing does not provide data on revenue, profit margins, debt levels, or liquidity ratios beyond the immediate proceeds from this transaction.
Material Changes
The material change reported is the unregistered sale of equity securities. On March 8, 2017, the Company completed a private placement to two investors:
- CPN Investment Ltd.: Purchased 50,000 shares.
- Fortune Wealth (Asia) Limited: Purchased 228,162 shares.
The issuance was made in reliance on the exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as it was a private transaction involving a limited number of investors.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard disclosure regarding the unregistered nature of the securities sale. No unusual items or contingencies were disclosed in this report.
Investor Verification Checklist
- Verify the identity and background of the investors (CPN Investment Ltd. and Fortune Wealth (Asia) Limited).
- Confirm the current share count and dilution impact of the 278,162 newly issued shares.
- Review the Subscription Agreement (Exhibit 10.1) for any specific covenants or restrictions attached to the investment.
- Check subsequent filings to determine how the $556,324 in working capital was utilized.