Oriental Culture Holding (OCG) has released an update.
Oriental Culture Holding LTD., a Cayman Islands company, has entered into a Securities Purchase Agreement with certain investors to sell a series of securities, including Ordinary Shares and Warrants, totaling $7 million. This transaction, set to close on the specified Closing Date, is subject to certain terms, conditions, and receipt of the Subscription Amount from each purchaser. The deal leverages exemptions from the usual registration requirements under the Securities Act, aiming to streamline the process and facilitate the investment.
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