Linkage Global Inc (LGCB) has released an update.
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Linkage Global Inc has secured a financial deal involving the issuance of convertible promissory notes worth $10.83 million with an 8% annual interest rate and the sale of 9.3 million shares to institutional investors. These notes can be converted into shares at a rate potentially lower than the market price, and the agreement includes rights for investors to participate in future financings and reinvest up to $10 million. Additionally, the company has committed to registering the resale of these shares, ensuring investors have the option to liquidate their positions.
For further insights into LGCB stock, check out TipRanks’ Stock Analysis page.