0001493152-26-019903
SEC filingGreenpro Capital Corp. completed a $250,000 private placement of 107,310 common shares to CEO Lee Chong Kuang on April 28, 2026, for operating capital, increasing his direct ownership to 10.24%.
The subscription agreement represents a material definitive agreement under Item 1.01, involving the company's top executive as the sole purchaser in a private placement exempt from registration. This transaction bolsters the company's operating capital with $250,000 in immediate liquidity without diluting public shareholders excessively, as post-offering shares outstanding stand at 18,033,123. CEO Lee Chong Kuang's increased direct stake to 10.24% (11.16% with spouse) aligns insider interests more closely with shareholders, potentially signaling confidence in the company's prospects. The per-share price of $2.3297 reflects the negotiated terms in this non-public offering to an accredited investor, with no underwriter fees. Investors should note the reliance on standard exemptions under the Securities Act, confirming the non-public nature of the sale.