Summary by Moomoo AI
On September 6, 2024, INNO Holdings Inc., a Texas-based corporation, announced the entry into three separate securities purchase agreements (SPAs) with various investors and sellers. The first agreement, SPA I, involves the sale of 100,000 shares of common stock to investors for $300,000, contingent upon a 1:10 reverse stock split and the filing of a related Form 8-K. The second agreement, SPA II, includes the sale of 742,578 shares for $2.7 million, with the conditions of two directors' resignations, including the Chairman and CEO, and the appointment of new directors and a CEO as recommended by the investors. The third agreement, SPA III, involves the sale of 842,578 shares for $4 million, with similar conditions regarding director resignations and appointments. The closing of SPA I will occur three...Show More
