SEC Filing Summary: American Lorain Corporation (8-K)
Business Context and Reporting Period
This Form 8-K was filed on April 30, 2018, by American Lorain Corporation (noted as Planet Green Holdings Corp. in metadata), a Nevada corporation with principal offices in Shandong, China. The report discloses events occurring on April 24, 2018.
Key Financial Metrics
The filing details a specific financing transaction rather than periodic financial performance metrics.
- Capital Raised: $1.8 million
- Shares Issued: 10,000,000 shares of common stock
- Price Per Share: $0.18
- Investor: Xiuping Cai (individual residing in the People's Republic of China)
- Use of Proceeds: General corporate purposes
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity positions.
Material Changes
The primary material change is the entry into a Material Definitive Agreement (Securities Purchase Agreement) and the subsequent unregistered sale of equity securities. This transaction increases the company's cash position by $1.8 million and expands its share count by 10 million shares.
Outlook, Risks, and Management Commentary
Management indicated the proceeds will be used for general corporate purposes. The agreement includes customary representations, warranties, and closing conditions. No specific forward-looking guidance, risk factors, or contingencies beyond the standard closing conditions were detailed in this specific report.
Investor Verification Checklist
- Verify the closing of the $1.8 million financing and receipt of funds.
- Confirm the issuance and registration of the 10,000,000 new shares.
- Review the full text of the Securities Purchase Agreement for specific covenants or restrictions.
- Assess the impact of the new share issuance on existing shareholder dilution.