CHINA GREEN AGRICULTURE, INC. (NYSE:CGA) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.
On August 15, 2019, China Green Agriculture, Inc. (the “Company”) entered into certain Stock Purchase Agreement (the “SPA”) with certain “non-US persons” as defined in Regulation S (“Regulation S”) promulgated under Securities Act of 1933, as amended (the “Securities Act”) (the “Purchasers”) in connection with a private placement offering (the “Offering”) of 471,000 shares (“Shares”) of common stock, par value $0.001 per share, of the Company. The purchase price per share of the Offering is $12.00. The transaction contemplated in the SPA closed simultaneously with the execution of the SPA.
The Shares issued in the Offering are exempt from the registration requirements of the Securities Act, to Section 4(a) (2) of the Securities Act and/or Regulation S.
The net proceeds to the Company from the Offering will be approximately $5,652,000. The proceeds may be used for general corporate purposes.
The SPA also contains customary representation and warranties of the Company and the Purchasers, indemnification obligations of the Company, termination provisions, and other obligations and rights of the parties.
The Form of SPA is filed as Exhibits 10.1 to this Current Report on Form 8-K and such document is incorporated herein by reference. The foregoing is only a brief description of the material terms of the SPA, and does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to such exhibits.
On August 16, 2019, the Company issued 471,000 Shares of the Company’s Common Stock, par value $0.001 per share, to certain SPA dated August 15, 2019 to the Purchasers. The Shares issued in the Offering are exempt from the registration requirements of the Securities Act, to Section 4(a)(2) of the Securities Act and/or Regulation S promulgated thereunder.
| 10.1 | Form of Stock Purchase Agreement by and among the Company and the Purchasers |
China Green Agriculture, Inc. Exhibit
EX-10.1 2 f8k081619ex10-1_china.htm FORM OF STOCK PURCHASE AGREEMENT BY AND AMONG THE COMPANY AND THE PURCHASERS Exhibit 10.1 SECURITIES PURCHASE AGREEMENT This SECURITIES PURCHASE AGREEMENT (the “Agreement”) is dated as of August 14,…
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About CHINA GREEN AGRICULTURE, INC. (NYSE:CGA)
China Green Agriculture, Inc. is engaged in the research, development, production and sale of various types of fertilizers and agricultural products in the People’s Republic of China (PRC) through its Chinese subsidiaries, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. (Jinong) and Beijing Gufeng Chemical Products Co., Ltd. (Gufeng), and its variable interest entity (VIE), Xi’an Hu County Yuxing Agriculture Technology Development Co., Ltd. (Yuxing). The Company’s segments include Jinong (fertilizer production), Gufeng (fertilizer production) and Yuxing (agricultural products production). The Company’s primary business is of fertilizer products, specifically humic acid-based compound fertilizer produced through Jinong, and compound fertilizer, blended fertilizer, organic compound fertilizer, slow-release fertilizers, water-soluble fertilizers and mixed organic-inorganic compound fertilizer produced through Gufeng.
