CL Workshop Group Ltd (NWGL) Form 6-K — Jul 14, 2026
CL Workshop Group Limited has entered into a securities purchase agreement for a private placement offering 12,300,000 units at a purchase price of US$0.20 per unit. Each unit consists of one American Depositary Share (ADS) and one warrant to purchase three ADSs, with warrants exercisable at a price of US$0.25 per ADS upon the effectiveness of a resale registration statement. The aggregate gross proceeds from the offering are expected to be approximately US$2.46 million, with an additional potential US$9.225 million to be received if all warrants are exercised for cash. The company intends to use the net proceeds for working capital and general corporate purposes.
Key figures
- Gross Proceeds
- US$2.46 million
- Offering Price
- US$0.20
- Shares Offered
- 12,300,000
- Units offered
- 12,300,000
- Ads per warrant
- 3
- Warrants per unit
- 1
- Warrant exercise price
- US$0.25
- Potential warrant proceeds
- US$9.225 million
AI analysis
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