Item 3.02. Unregistered Sales of Equity Securities.
As previously reported on Form 8K filed on May 20, 2022 by Planet Green Holdings
Corp. (the "Company"), on May 19, 2022, the Company entered into a Securities
Purchase Agreement with two investors residing in the People's Republic of China
(collectively, the "Purchasers"), pursuant to which the Purchasers agreed to
invest an aggregate of $4,100,000 in the Company in exchange for an aggregate of
10,000,000 shares (the "Shares") of the Company's common stock, representing a
purchase price of $0.41 per share (the "Financing"). The closing of the
Financing was subject to customary closing conditions of this type of
transaction.
On May 27, 2022, the Company closed the Financing. At the closing, the Company
received gross proceeds of $4,100,000 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.
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