Kuke Music Holding Secures New Financing Deal

Kuke Music Holding (KUKE) has released an update.

Kuke Music Holding Limited, a prominent classical music service platform in China, has entered a securities purchase agreement with Streeterville Capital, LLC. The deal includes the sale of a convertible note with a principal amount of $1,142,500 due in 2025 and the sale of 950,000 American Depositary Shares at a nominal price, potentially converting into Class A ordinary shares. The company is aligning with Cayman Islands practices for foreign private issuers, with the agreement details incorporated into Kuke Music’s existing SEC Registration Statements.

For further insights into KUKE stock, check out TipRanks’ Stock Analysis page.