Dreamland Ltd (TDIC) Form 6-K — Oct 13, 2026
Dreamland Limited entered a securities purchase agreement on October 9, 2026, selling 300,000 Class A ordinary shares at US$2.00 each to its own CEO and director, Ms. Seto Wai Yue, for US$600,000 in gross proceeds. The deal also includes 300,000 penny warrants, each exercisable into four shares at US$0.01, meaning up to 1.2 million additional shares could hit the market at a near-zero exercise price — potential dilution roughly five times the base share issuance. The company skipped a shareholder vote, relying on Hong Kong home country practice under Nasdaq Rule 5615(a)(3), with disinterested directors approving the transaction while the CEO recused herself.
Key figures
- Gross Proceeds
- 600000
- Offering Price
- 2
- Shares Offered
- 300000
- Warrants issued
- 300000
- Warrant expiration
- 5th anniversary of closing
- Warrant shares per warrant
- 4
- Warrant exercise price per underlying share
- 0.01
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