Kuke Music announces securities purchase agreement with Streeterville Capital

In a regulatory filing, Kuke Music, a Cayman Islands exempted company that describes itself as “a leading classical music service platform in China,” disclosed that it entered into a securities purchase agreement with Streeterville Capital, a Utah limited liability company, in connection with the issuance and sale of (i) $1,142,500 aggregate principal amount of 8.0% Convertible Note Due July 5, 2025, which can be convertible into up to 5,000,000 Class A ordinary shares, and (ii) 950,000 American Depositary Shares at a purchase price of $0.001 per share, representing 950,000 Class A ordinary shares. “As a foreign private issuer, the Company hereby intends to rely on home country practice of the Cayman Islands with respect to the requirements under the NYSE Listed Company Manual Rule 312.03,” the filing stated.