Skillful Craftsman Education Technology Limited entered into a Securities Purchase Agreement on March 25, 2026, to issue and sell up to 4,000,000 Series B Preference Shares to Xuejun Ji for an aggregate subscription amount of $3,000,000, with the purchase price set at $0.75 per share. This private placement transaction provides the company with capital through a structured payment schedule extending into 2027.
Key takeaways
The company entered into a Securities Purchase Agreement dated March 25, 2026, with purchaser Xuejun Ji.
The agreement involves the issuance and sale of up to 4,000,000 Series B Preference Shares.
The per share purchase price is $0.75, resulting in a total subscription amount of $3,000,000.
The payment schedule includes four installments: $500,000 due March 31, 2026, $500,000 due September 30, 2026, $1,000,000 due December 31, 2026, and $1,000,000 due March 31, 2027.
Each Preference Share has a par value of $0.0002 and carries 200 votes at any general meeting of the company.
The transaction is being conducted pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act and/or Regulation S.