CL Workshop Group Ltd (NWGL) Form 6-K — Aug 7, 2026
CL Workshop Group Limited consummated its private placement on August 7, 2026, selling 12,300,000 units at US$0.20 per unit for aggregate gross proceeds of approximately US$2.46 million before offering expenses. Each unit contains one American Depositary Share (representing eight Class A ordinary shares) plus a warrant to purchase three ADSs at US$0.25 per ADS, exercisable once the resale registration statement goes effective and expiring one year later. Full cash exercise of the warrants would deliver roughly US$9.23 million in additional proceeds. Net proceeds are earmarked for working capital and general corporate purposes.
Key figures
- Gross Proceeds
- 2460000
- Offering Price
- 0.2
- Shares Offered
- 12300000
- Ads Ratio
- 1 ADS = 8 Class A ordinary shares, par value US$0.001
- Warrant Term
- exercisable upon resale registration statement effectiveness, expiring one year thereafter
- Warrant Coverage
- 1 warrant per Unit; each warrant exercisable for 3 ADSs
- Warrant Exercise Price Per ADS
- 0.25
- Potential Warrant Proceeds Usd
- 9230000
AI analysis
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