Nexpu Ltd. (WAI) Form 6-K — Oct 19, 2026
Nexpu Ltd. closed a Regulation S private placement on October 19, 2026, selling 40,000,000 units at $0.70 per unit for aggregate gross proceeds of approximately $28,000,000. Each unit comprised one Class A ordinary share plus a three-year warrant exercisable at $0.71. The offering is enormous relative to the company's existing capitalization of just 3,295,826 Class A and 160,933 Class B shares outstanding, implying more than ten-fold share count expansion before any warrant exercise.
Key figures
- Gross Proceeds
- 28000000
- Offering Price
- 0.7
- Shares Offered
- 40000000
- Shares Outstanding
- 3,295,826 Class A ordinary shares and 160,933 Class B ordinary shares as of the agreement date
- Par value
- $0.00001 per share
- Warrant term
- 3 years from issuance
- Units per unit price
- 1 share + 1 warrant per unit
- Warrant exercise price
- 0.71
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