Eshallgo inc secures $5 million through convertible debenture offering

Shanghai , dec. 2, 2024 /prnewswire/ -- eshallgo inc ("eshallgo" or the "company") (nasdaqcm: ehgo), one of the leading office solution providers in china, today announced that it has entered into a securities purchase agreement (the "securities purchase agreement") with an accredited investor to issue convertible debentures (the "debentures") in an aggregate principal amount of up to $5,000,000. the debentures bear an annual interest rate of 5%, increasing to 18% in the event of default, and will mature on november 28, 2025.
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