Sagtec Global prices US$552,500 private placement to Pahang prince at US$0.65/share
SAGT•Private placement terms
Sagtec Global entered a private subscription agreement with HRH Tengku Hassanal Ibrahim Alam Shah for a US$552,500 placement.
- Terms call for 850,000 Class A ordinary shares at US$0.65 per share.
- Closing remains subject to customary conditions, including board sign-off, securities-law compliance, and Nasdaq requirements.
- Cash is due within six months of issuance, with early payment allowed without penalty.
- Proceeds are earmarked for AI-assisted software commercialization, enterprise project delivery, and cloud and data infrastructure expansion.
