Kuke Music Holding (KUKE) has released an update.
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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.
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