CL Workshop Group Limited Form 6-K Filing

CL Workshop Group Limited has entered into a securities purchase agreement for a private placement of 12,300,000 units at US$0.20 per unit. Each unit consists of one American Depositary Share (ADS), representing eight Class A ordinary shares, and one warrant to purchase three ADSs. The warrants will be exercisable one year after the resale registration statement is declared effective, with an exercise price of US$0.25 per ADS and a one-year expiry. The offering is expected to yield approximately US$2.46 million in gross proceeds, with potential for an additional US$9.225 million if all warrants are exercised. The company plans to use the proceeds for working capital and general corporate purposes. The securities offered have not been registered under the Securities Act of 1933 and are being sold under an exemption.