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.
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