Meiwu Technology Company Limited (WNW) has released an update.
Meiwu Technology Company Limited has entered into a Securities Purchase Agreement with accredited investors to issue and sell convertible promissory notes, totaling $1.1 million, which will convert into ordinary shares under certain terms. The transaction, relying on an exemption from securities registration, is set to close by May 31, 2024, with the notes being unsecured and carrying an original issue discount. Investors have been assured of the risks involved and have been provided with all necessary information to make an informed investment decision.
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