Dreamland Limited Private Placement Transaction
2026-07-09SEC Filing 6-K (0001493152-26-032582)
Dreamland Limited entered into a securities purchase agreement with Ms. Seto Wai Yue, a director and the CEO, for the private placement of 580,000 Class A ordinary shares and 72,000 Class B ordinary shares at $3.75 per share, totaling $2,445,000 in gross proceeds. The transaction was approved by disinterested directors, with Ms. Seto recusing herself. The proceeds will be used for general working capital and corporate purposes. The shares were issued under Regulation S and are subject to transfer restrictions. Class B shares carry 12 votes each, while Class A shares carry one vote each. The Company relied on home country practice under Nasdaq Listing Rule 5615(a)(3) for approval, thus not requiring a shareholder meeting.
Ticker mentioned:TDIC
Source:Original SEC Document β