Caravelle International (CACO) has released an update.
Caravelle International Group has entered into a Securities Purchase Agreement with an unnamed investor, to issue and sell company securities, as detailed within the agreement and subject to specific terms and securities regulations. The agreement outlines various definitions, conditions, and the mechanics of the securities transaction, including the issuance of convertible notes and warrants. The deal, set against a backdrop of financial and legal frameworks, aims to satisfy mutual conditions of both Caravelle International and the investor.
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