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Linkage Global Inc Financial Report: Key Insights and Transactions Overview

$LGCB
Form 6-K
Filed on: 2024-12-20
Source
Linkage Global Inc Financial Report: Key Insights and Transactions Overview

Here are the key insights extracted from the financial report (Form 6-K) of Linkage Global Inc:

  1. Company Information:
  • Name: Linkage Global Inc
  • Location: 2-23-3 Minami-Ikebukuro, Toshima-ku, Tokyo, Japan 171-0022
  • Commission File Number: 001-41887
  • Report Date: December 20, 2024
  • Filing Type: Report of Foreign Private Issuer under Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.
  1. Financial Transactions:
  • On September 18, 2024, the company entered into a Securities Purchase Agreement with institutional investors.
  • Convertible Promissory Notes: Issued with an aggregate principal amount of $10,830,000, bearing 8% interest per annum with a one-year term. There was an original issue discount of $800,000.
  • Class A Ordinary Shares: Issued 9,300,000 shares at a purchase price equal to par value $0.00025 per share.
  • The notes can be converted into Class A shares at a conversion price of the lower of $1.20 or 70% of the lowest closing price during the preceding 60 trading days.
  • The transaction was completed on October 16, 2024.
  1. Amendment Details:
  • On December 18, 2024, an amendment to the Securities Purchase Agreement was made:
    • A conversion floor price of $0.24 per share was added to the convertible promissory notes.
    • The amendment included specifications regarding the maximum number of conversion shares each investor may receive.
  1. Representation:
  • The report is signed by Zhihua Wu, the Chief Executive Officer, Director, and Chairman of the Board of Directors, indicating the authority and authenticity of the filing.

This summary captures the essential financial activities and amendments related to the securities issued by Linkage Global Inc, as well as the corporate governance represented by the CEO's signature.