Dunxin Financial Holdings Limited Announces $162,500 Convertible Promissory Note Private Placement
Dunxin Financial Holdings (OTC Pink: DXFFY) announced a private placement of a $162,500 convertible promissory note with Bucktown Capital, The note bears an 8% annual interest rate and matures in nine months. The investor can convert the note into American Depositary Shares (ADS) after six months at 75% of the lowest 10-day VWAP minus ADS fees. The company can prepay at 120% of the outstanding balance. Weekly ADS sales by the investor are to 15% of trading volume until 30 days after note satisfaction.
Dunxin Financial Holdings (OTC Pink: DXFFY) ha annunciato un collocamento privato di una con Bucktown Capital. L'obbligazione presenta un tasso d'interesse annuale dell'8% e scade in nove mesi. L'investitore può convertire l'obbligazione in American Depositary Shares (ADS) dopo sei mesi al 75% del VWAP più basso degli ultimi 10 giorni, meno le spese ADS. L'azienda può rimborsare anticipatamente al 120% del saldo residuo. Le vendite settimanali di ADS da parte dell'investitore sono limitate al 15% del volume negoziato fino a 30 giorni dopo il soddisfacimento della nota.
Dunxin Financial Holdings (OTC Pink: DXFFY) anunció una colocación privada de una con Bucktown Capital. La nota lleva un tasa de interés anual del 8% y vence en nueve meses. El inversor puede convertir la nota en American Depositary Shares (ADS) después de seis meses al 75% del VWAP más bajo de los últimos 10 días menos las tarifas ADS. La empresa puede prepagar al 120% del saldo pendiente. Las ventas semanales de ADS por parte del inversor están limitadas al 15% del volumen de operaciones hasta 30 días después del pago de la nota.
Dunxin Financial Holdings (OTC Pink: DXFFY)는 Bucktown Capital과의 $162,500 규모의 전환 사채 유상증자를 발표했습니다. 이 사채는 연 8%의 이자율을 갖고 있으며 9개월 후 만기가 됩니다. 투자자는 6개월 후에 청구된 가장 낮은 10일 VWAP의 75%로 미국 예탁주식(ADS)으로 전환할 수 있습니다. 회사는 미지급 잔액의 120%로 선지급할 수 있습니다. 투자자의 주간 ADS 판매는 사채 연체 후 30일까지 거래량의 15%로 제한됩니다.
Dunxin Financial Holdings (OTC Pink: DXFFY) a annoncé un placement privé d'une avec Bucktown Capital. L'obligation porte un taux d'intérêt annuel de 8% et arrive à échéance dans neuf mois. L'investisseur peut convertir l'obligation en American Depositary Shares (ADS) après six mois à 75% du plus bas VWAP sur 10 jours, moins les frais ADS. L'entreprise peut rembourser par anticipation à 120 % du solde restant. Les ventes hebdomadaires d'ADS par l'investisseur sont limitées à 15 % du volume de négociation jusqu'à 30 jours après le règlement de l'obligation.
Dunxin Financial Holdings (OTC Pink: DXFFY) hat eine private Platzierung einer mit Bucktown Capital angekündigt. Die Schuldverschreibung weist einen jährlichen Zinssatz von 8% auf und läuft in neun Monaten ab. Der Investor kann die Schuldverschreibung nach sechs Monaten zu 75 % des niedrigsten 10-Tage-VWAP abzüglich der ADS-Gebühren in American Depositary Shares (ADS) umwandeln. Das Unternehmen kann vorzeitig zu 120 % des ausstehenden Betrags zurückzahlen. Die wöchentlichen ADS-Verkäufe des Investors sind bis 30 Tage nach der Einlösung der Schuldverschreibung auf 15 % des Handelsvolumens begrenzt.
- Secured immediate funding of $162,500 through note placement
- Option for early prepayment available to the company
- Trading volume protection with 15% weekly sales limit
- 8% annual interest rate compounds daily
- 75% conversion price represents a 25% discount to market price
- Additional $0.03 per ADS fee reduces effective conversion price further
- Potential shareholder dilution upon conversion
- 120% premium required for prepayment
Insights
This
The volume restriction limiting weekly sales to
The Note bears interest at a rate of
The transaction was closed on October 29, 2024, as all closing conditions have been satisfied.
The issuance of the Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Dunxin Financial Holdings Limited
Dunxin Financial Holdings Limited is a company engaged in real estate operation management and investment and a digital technology security business in
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.
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SOURCE Dunxin Financial Holding Limited
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