SANGRIX INC. (BTOG) Form 6-K — Oct 22, 2026
Sangrix Inc. entered a securities purchase agreement on October 21, 2026 to sell 75,000 Class B Ordinary Shares at $0.4390 per share to Jinghai Jiang, the company's own Chairman, CEO and COO, for total consideration of just $32,925. The issuance was made under Section 4(a)(2) and Regulation S exemptions, and the company relied on Nasdaq's foreign private issuer exemption (Rule 5615(a)(3)) to avoid the shareholder-approval requirement that would otherwise apply under Rule 5635(d).
Key figures
- Gross Proceeds
- 32925
- Offering Price
- 0.439
- Shares Offered
- 75000
- Par Value
- 0.0003
- Buyer Voting Power Percent
- approximately 35% of total voting power post-issuance
AI analysis
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