Greenpro Capital Corp. 8-K

What Happened

• Greenpro Capital Corp. (GRNQ) announced on May 29, 2026 (Item 1.01) that it closed a private placement with its CEO, President and Director, Lee Chong Kuang. The company issued 28,949 shares of common stock at $1.7272 per share for aggregate gross proceeds of $50,000.
• After the closing, Greenpro had 18,062,072 shares of common stock outstanding. Mr. Lee directly holds 1,875,293 shares (10.38% of outstanding shares); together with his spouse, Yap Pei Ling, they hold 2,041,208 shares (about 11.3%).

Key Details

• Offering closed: May 29, 2026.
• Shares issued: 28,949; Price per share: $1.7272; Gross proceeds: $50,000.
• Post-issuance outstanding shares: 18,062,072.
• Securities sale relied on exemptions (Section 4(a)(2) and Regulation D and/or Regulation S); Purchaser represented as an accredited investor/no U.S. person; no underwriters involved.
• Intended use of proceeds: operating capital.

Why It Matters

• The sale represents a small direct capital infusion ($50K) into Greenpro for working capital rather than a public offering.
• The transaction increases the CEO’s direct ownership stake to just over 10%, which is material for investor ownership and governance context.
• Because the offering was private and relied on registration exemptions, it did not dilute public float through a registered offering and involved no underwriters.