Golden Heaven Group Holdings Ltd. Secures Investment of US$25.2 Million and Enters Into Amendments to Outstanding Warrants
Golden Heaven Group Holdings (Nasdaq: GDHG), a Chinese amusement park operator, announced securing a US$25.2 million investment through a private placement of 20 million Class A Ordinary Shares. The company may issue up to 10 million additional shares if certain operational targets aren't met by September 2027. The proceeds will fund park acquisitions, upgrades, and maintenance.
The agreement includes warrants for investors to purchase up to 40 million Class A Ordinary Shares at US$1.386 per share, expiring in five years. Additionally, the company amended existing warrants to US$1.386 exercise price, with current holders agreeing to exercise their warrants immediately.
Golden Heaven Group Holdings (Nasdaq: GDHG), un operatore cinese di parchi di divertimento, ha annunciato di aver ottenuto un investimento di 25,2 milioni di dollari USA tramite una collocazione privata di 20 milioni di Azioni Ordinarie di Classe A. L'azienda può emettere fino a 10 milioni di azioni aggiuntive se determinati obiettivi operativi non vengono raggiunti entro settembre 2027. I proventi verranno utilizzati per acquisizioni di parchi, aggiornamenti e manutenzione.
L'accordo include opzioni per gli investitori di acquistare fino a 40 milioni di Azioni Ordinarie di Classe A a 1,386 dollari USA per azione, con scadenza tra cinque anni. Inoltre, l'azienda ha modificato le opzioni esistenti a un prezzo di esercizio di 1,386 dollari USA, con gli attuali possessori che concordano di esercitare immediatamente le loro opzioni.
Golden Heaven Group Holdings (Nasdaq: GDHG), un operador chino de parques de diversiones, anunció la obtención de una inversión de 25.2 millones de dólares EE.UU. a través de una colocación privada de 20 millones de Acciones Ordinarias Clase A. La compañía podrá emitir hasta 10 millones de acciones adicionales si no se cumplen ciertos objetivos operativos para septiembre de 2027. Los ingresos se utilizarán para la adquisición de parques, mejoras y mantenimiento.
El acuerdo incluye opciones para que los inversores compren hasta 40 millones de Acciones Ordinarias Clase A a 1.386 dólares EE.UU. por acción, con vencimiento en cinco años. Además, la compañía modificó las opciones existentes a un precio de ejercicio de 1.386 dólares EE.UU., con los actuales tenedores acordando ejercer sus opciones de inmediato.
골든 헤븐 그룹 홀딩스 (나스닥: GDHG), 중국의 놀이공원 운영업체,은 2000만 주의 A클래스 보통주를 통한 사모 배치로 2510만 달러의 투자를 확보했다고 발표했다. 회사는 2027년 9월까지 특정 운영 목표가 달성되지 않을 경우 최대 1000만 주의 추가 주식을 발행할 수 있다. 수익금은 공원 인수, 업그레이드 및 유지보수에 사용될 예정이다.
이번 계약에는 투자자들이 5년 후 만료되는 주당 1.386달러에 최대 4000만 주의 A클래스 보통주를 구매할 수 있는 워런트가 포함되어 있다. 또한, 회사는 기존 옵션을 1.386달러의 행사 가격으로 수정했으며, 현재 보유자들은 즉시 옵션을 행사하는 데 동의했다.
Golden Heaven Group Holdings (Nasdaq: GDHG), un opérateur chinois de parcs d'attractions, a annoncé avoir sécurisé un investissement de 25,2 millions de dollars USA grâce à un placement privé de 20 millions d'actions ordinaires de classe A. L'entreprise peut émettre jusqu'à 10 millions d'actions supplémentaires si certains objectifs opérationnels ne sont pas atteints d'ici septembre 2027. Les produits serviront à financer des acquisitions de parcs, des améliorations et de l'entretien.
L'accord comprend des bons pour les investisseurs leur permettant d'acheter jusqu'à 40 millions d'actions ordinaires de classe A au prix de 1,386 dollar USA par action, expira dans cinq ans. De plus, l'entreprise a modifié les bons existants à un prix d'exercice de 1,386 dollar USA, les détenteurs actuels acceptant d'exercer leurs bons immédiatement.
Golden Heaven Group Holdings (Nasdaq: GDHG), ein chinesischer Betreiber von Freizeitparks, hat die Sicherung einer Investition in Höhe von 25,2 Millionen US-Dollar durch eine Privatplatzierung von 20 Millionen Klasse-A-Stammaktien bekannt gegeben. Das Unternehmen kann bis zu 10 Millionen zusätzliche Aktien ausgeben, wenn bestimmte operative Ziele bis September 2027 nicht erreicht werden. Die Erlöse sollen für den Erwerb von Parks, Upgrades und Wartung verwendet werden.
Die Vereinbarung umfasst Warrants für Investoren, die den Kauf von bis zu 40 Millionen Klasse-A-Stammaktien zu einem Preis von 1,386 US-Dollar pro Aktie ermöglichen, die in fünf Jahren ablaufen. Zudem hat das Unternehmen bestehende Warrants auf einen Ausübungspreis von 1,386 US-Dollar geändert, wobei die aktuellen Inhaber zustimmen, ihre Warrants sofort auszuüben.
- Secured US$25.2 million in new investment funding
- Funds allocated for park acquisitions and upgrades
- Existing warrant holders agreed to immediate exercise
- Potential dilution of up to 70 million shares (20M initial + 10M conditional + 40M warrants)
- Risk of additional 10M share issuance if operational targets not met by 2027
- Warrant amendments suggest possible price pressure on existing shares
Insights
This
The warrant exercise price of
The amendment of existing warrants and their immediate exercise will bring in additional capital, though the amount isn't specified. This comprehensive financing package provides operational runway but comes at the cost of significant equity dilution.
NANPING,
Pursuant to the Securities Purchase Agreement, the investors agreed to subscribe for and purchase from the Company, through a private placement, a total of 20,000,000 Class A Ordinary Shares for a total purchase price of
As the part of the Securities Purchase Agreement, the Company agreed to issue warrants (the "Warrants") to the investors granting the investors the right to purchase up to 40,000,000 Class A Ordinary Shares in aggregate at an exercise price of
The Company also announced that, on November 18, 2024, it entered into a series of amendments to warrant with existing holders of warrants, pursuant to which, (i) the exercise price were amended to be
About Golden Heaven Group Holdings Ltd.
Through its Chinese operating entities, the Company manages and operates amusement parks, water parks and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. For more information, please visit the Company's website at https://ir.jsyoule.com/.
Forward-Looking Statements
This press release contains "forward-looking statements". Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the
For more information, please contact:
Golden Heaven Group Holdings Ltd.
Email: group@jsyoule.com
Ascent Investor Relations LLC
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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SOURCE Golden Heaven Group Holdings Ltd.
FAQ
How much investment did Golden Heaven Group (GDHG) secure in November 2024?
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