Greenpro Capital Corp. 8-K
Research Summary
AI-generated summary
Greenpro Capital Enters Share Exchange to Acquire 13.6% of Forekast
What Happened
- On February 13, 2026, Greenpro Capital Corp. (GRNQ) filed an 8-K disclosing a Share Exchange Agreement with Forekast Limited (BVI) and certain Forekast shareholders.
- At closing, Greenpro will acquire ordinary shares of Forekast that will give it 13.6% of Forekast on a fully-diluted basis. As consideration, Greenpro will issue an aggregate of 8,500,000 shares of its common stock to the Forekast shareholders.
- The agreement contains customary representations, warranties, covenants, closing conditions and termination provisions, including an outside date of March 31, 2026.
Key Details
- Agreement date: February 13, 2026.
- Ownership stake upon closing: 13.6% of Forekast on a fully-diluted basis.
- Consideration: 8,500,000 newly issued Greenpro common shares.
- Outside closing date under the agreement: March 31, 2026.
Why It Matters
- This is a minority equity investment by Greenpro into Forekast via a share exchange rather than a cash purchase, creating direct exposure to Forekast’s business for Greenpro shareholders.
- Issuing 8.5 million shares will increase Greenpro’s outstanding shares and therefore dilute existing shareholders to some degree (the filing does not state total share count or exact dilution percentage).
- The transaction is subject to closing conditions and could fail to close by the March 31, 2026 outside date; investors should watch for subsequent filings (e.g., completion, amendments, or termination) for updates.