Planet Green Holdings Corp.

01/14/2022 | Press release | Distributed by Public on 01/14/2022 15:31

Unregistered Sales of Equity Securities - Form 8-K



Washington, D.C. 20549



Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 14, 2022

(Exact name of registrant as specified in its charter)
Nevada 001-34449 87-0430320
(State or other jurisdiction
of incorporation)
(Commission File Number) (IRS Employer
Identification No.)

36-10 Union St,2nd Floor,

Flushing, NY


(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (718)799-0380

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (seeGeneral Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.001 per share PLAG NYSEAmerican

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.02. Unregistered Sales of Equity Securities.

As previously reported on Form 8K filed on January 14, 2022 by Planet Green Holdings Corp. (the "Company"), on January 13, 2022, the Company entered into a Securities Purchase Agreement with three individuals residing in the People's Republic of China (collectively, the "Purchasers"), pursuant to which the Purchasers agreed to invest an aggregate of $7,000,000 in the Company in exchange for an aggregate of 7,000,000 shares (the "Shares") of the Company's common stock, representing a purchase price of $1.00 per share (the "Financing"). The closing of the Financing was subject to customary closing conditions of this type of transaction.

On January 14, 2022, the Company closed the Financing. At the closing, the Company received gross proceeds of $7,000,000 in the aggregate, in exchange for the issuance of the Shares.

The issuance of the Shares was exempt from the registration requirements of the Securities Act, pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

Dated: January 14, 2022 PLANET GREEN HOLDINGS CORP.
By: /s/ Bin Zhou
Name: Bin Zhou
Title: Chief Executive Officer and Chairman