SEC Filing Summary: Form 8-K
Business Context and Reporting Period
Company: Orient Paper, Inc. (Note: Metadata referenced "IT TECH PACKAGING, INC.", but the filing text identifies the registrant as Orient Paper, Inc.)
Filing Date: November 12, 2009
Reporting Period: November 12, 2009 (Date of earliest event reported)
Event: Unregistered Sales of Equity Securities (Item 3.02)
Key Financial Metrics
This filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on a specific equity issuance event.
Material Changes and Transaction Details
- Transaction Background: On August 13, 2009, the Company executed a consulting agreement with Chinamerica Holdings, Ltd regarding a stock purchase and private placement transaction valued at approximately $6.5 million.
- Compensation: In consideration for services, the Company agreed to issue shares equal to 2.5% of its issued and outstanding common stock at the time of the transaction's completion.
- Closing and Issuance: The transaction closed on October 7, 2009. On November 12, 2009, the Company issued 282,294 restricted post-split shares of common stock to Chinamerica Holdings, Ltd.
- Regulatory Status: The issuance was exempt from registration under Section 4(2) of the Securities Act of 1933, relying on Regulation D compliance. Shares are restricted, and the recipient was provided access to SEC filings.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard restrictions on the transferred shares. No unusual items or contingencies were disclosed in this report.
Investor Verification Checklist
- Verify the total number of outstanding shares as of October 7, 2009, to confirm the 282,294 shares issued represent exactly 2.5% of the post-split capitalization.
- Confirm the status of the $6.5 million private placement transaction referenced in the consulting agreement.
- Review the specific restrictions placed on the 282,294 shares issued to Chinamerica Holdings, Ltd.
- Check subsequent filings for any updates on the consulting relationship or further equity issuances.