ChowChow Cloud receives full $500,000 payment for private placement
CHOW•ChowChow Cloud received the full $500,000 payment for a private placement of 86,207 Class A ordinary shares at $5.80 each. The transaction remained unclosed as of October 27, 2026, with closing expected during the week ending October 30, subject to remaining customary conditions.
1. Placement payment received
ChowChow Cloud received the outstanding payment on October 26, bringing total proceeds for the private placement to $500,000. The placement terms provide for 86,207 Class A ordinary shares at $5.80 per share, reflecting a 1-for-10 reverse share split and redesignation effective October 23, 2026. As of October 27, no shares had been issued under the agreement, and closing was expected during the week ending October 30, subject to satisfaction or waiver of remaining customary closing conditions.
