CCH Holdings Ltd Announces Subsequent Closing of US$2.5 Million Convertible Promissory Note and Warrant Offering
CCH Holdings Ltd. announced the subsequent closing of its previously announced offering of a US$2.5 million convertible promissory note and accompanying warrants to an institutional investor. At the subsequent closing, the company received US$1,035,000 in net proceeds after applying a US$115,000 discount, bringing aggregate gross proceeds under the purchase agreement to US$2,185,000, with the full note now issued.
Why it matters — CCHH watchers would note that the company has now fully completed the drawdown of its previously announced US$2.5 million convertible note financing and received the associated gross proceeds.