CBL International Limited (BANL) has released an update.
CBL International Limited, a company incorporated in the Cayman Islands, has entered into a Securities Purchase Agreement with various investors, leveraging Regulation D’s exemption from securities registration. The deal involves the sale of ordinary shares at a price of $0.55 each, with the transaction set to close on August 30, 2024. This strategic move, executed with reliance on specific federal and state securities law exemptions, represents a significant development for the company and its accredited investor participants.
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