Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our
Common Stock is currently listed on the NASDAQ Capital Market under the trading symbol “GRNQ.” Our Common Stock did not trade
prior to July 9, 2015.
On
March 28, 2022, the closing price for our Common Stock as reported on the NASDAQ Capital Market was $2.52.
As
of March 29, 2022, we had 78,671,688 shares of our Common Stock issued and outstanding. There were approximately 212 record holders
of our Common Stock. Such number does not include any shareholders holding shares in nominee or “street name”.
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Dividend
Policy
Distribution
of DQWS shares as a dividend:
On
September 24, 2020, the board of directors of the Company agreed to distribute 11,840,684 restricted shares of common stock of an investment
of the Company, DSwiss, Inc. (OTC: DQWS) (the “Dividend”)., to the Company’s shareholders (the “Shareholders”)
of record on September 30, 2020.
At
September 30, 2020 (the “Record Date”), the Company owned 27,000,000 restricted shares of the total issued and outstanding
206,904,600 restricted shares of common stock of DQWS. The Dividend is comprised of approximately one (1) share of DQWS common stock
for every five (5) shares of the Company’s Common Stock issued and outstanding of the Record Date.
On
November 12, 2020, the Dividend was distributed to the Shareholders.
Distribution
of SEAV shares as a dividend:
On
August 17, 2021, the Company announced that its Board of Directors had declared a dividend of 7,441,721 shares of common stock of SEATECH
Ventures Corp. (“SEAV”) to the Company’s shareholders (the “Shareholders”) of record as of August 31, 2021.
However, in order to comply with Nasdaq Listing Rule 5250(e)(6), which requires the Company to
provide the Nasdaq with 10 days calendar days’ notice prior to the record date, the Company has amended the record date to September
13, 2021 (the “Record Date”).
At
September 13, 2021 (the “Record Date”), the Company owned 10,000,000 restricted shares of the total issued and outstanding
92,519,867 restricted shares of common stock of SEAV. The dividend comprised one share of SEAV common stock for every 10 shares of the
Company’s Common Stock issued and outstanding on the Record Date.
On
September 27, 2021, the dividend of 7,720,187 shares of common stock of SEAV was distributed to the Shareholders.
We
have not declared or paid dividends on our Common Stock since our formation, and we do not anticipate paying dividends in the foreseeable
future.
Declaration or payment of dividends, if any, in the future, will be at the discretion of our board of directors and will depend
on our then current financial condition, results of operations, capital requirements and other factors deemed relevant by the board of
directors. There are no contractual restrictions on our ability to declare or pay dividends.
Recent
Sales of Unregistered Securities
All
sales of unregistered Common Stock of the Company were made in reliance upon Section 4(a)(2) of the Securities Act, Regulation D and/or
Rule 903 of Regulation S promulgated thereunder.
Date
Shares
of Common
Stock Issued
Cash Proceeds
/ Value in Kind
from Share Issuance
Recipient(s)
of Shares
June 15, 2020 (1)
4,444,444
4,000,000
Three shareholders
September 14, 2020 (2)
35,000
35,000
One shareholder
November 18, 2020 (3)
457,312
750,000
Eight shareholders
November 24, 2020 (4)
50,000
55,000
One shareholder
November 24, 2020 (5)
145,455
160,000
One shareholder
November 30, 2020 (6)
257,591
411,120
Two shareholders
December 1, 2020 (7)
200,000
313,400
One shareholder
December 1, 2020 (8)
300,000
372,150
One shareholder
December 11, 2020 (9)
935,871
1,364,500
Three shareholders
December 31, 2020 (10)
215,000
262,300
One shareholder
February 26, 2021 (11)
342,592
925,000
Two shareholders
April 7, 2021 (12)
3,000,000
7,206,000
One shareholder
April 7, 2021 (13)
60,000
144,120
One shareholder
April 16, 2021 (14)
704,738
1,642,040
One shareholder
July 14, 2021 (15)
232,659
234,986
One shareholder
July 19, 2021 (16)
79,530
69,191
Twenty five shareholders
July 26, 2021 (17)
281,498
261,793
One shareholder
August 5, 2021 (18)
562,995
489,637
One shareholder
August 12, 2021 (19)
643,423
521,237
One shareholder
August 20, 2021 (20)
3,375,000
2,564,662
One shareholder
August 24, 2021 (21)
3,370,000
3,088,268
One shareholder
August 31, 2021 (22)
1,709,667
1,636,664
One shareholder
August 31, 2021 (23)
1,075,000
1,029,097
One shareholder
October 6, 2021 (24)
227,299
153,676
One shareholder
October 8, 2021 (25)
1,042,725
710,200
One shareholder
November 17, 2021 (26)
200,000
208,080
One shareholder
1.
The
Company issued 4,444,444 shares of restricted Common Stock at a price of $0.90 per share, or a total of $4,000,000, to acquire a
4% interest in a 12.3-kilogram carved natural blue sapphire (the “Millennium Sapphire”).
2.
The
Company issued 35,000 shares of restricted Common Stock at a price of $1.00 per share, or a total of $35,000, to settle marketing
expense to CorporateAds, LLC (“CorporateAds”).
3.
The
Company issued 457,312 shares of restricted Common Stock at a price of $1.64 per share, or a total of $749,992, to acquire 15% equity
interests in Ata Plus Sdn. Bhd (“APSB”).
4.
The
Company issued and sold 50,000 shares of restricted Common Stock in a private placement to Mr. Seah Kok Wah at a price of $1.10 per
share for cash proceeds of $55,000.
5.
The
Company issued and sold 145,455 shares of restricted Common Stock in a private placement to AG Opportunities Fund SPC-AG Pre-IPO
Fund SP1 at a price of $1.10 per share for cash proceeds of $160,000.
6.
The
Company issued 257,591 shares of restricted Common Stock at a price of $1.596 per share, or a total of $411,120, to acquire 18% equity
interests in New Business Media Sdn. Bhd (“NBMSB”).
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7.
The
Company issued 200,000 shares of restricted Common Stock at a price of $1.567 per share, or a total of $313,400, to settle marketing
expense to Mr. Dennis Burns.
8.
The
Company issued 300,000 shares of restricted Common Stock at a price of $1.2405 per share, or a total of $372,150, to settle consultancy
fee to Mr. Daniel McKinney.
9.
The
Company issued 685,871 shares of restricted Common Stock at a price of $1.458 per share,
or a total of $1,000,000, to acquire 10% equity interests in First Bullion Holdings Inc.
(“FBHI”).
The
Company also issued 250,000 shares of restricted Common Stock at a price of $1.458 per share, or a total of $364,500 for purchase
of an option to acquire an additional 8% of the issued and outstanding shares of FBHI, at an agreed valuation of FBHI equal to $20,000,000,
which shall constitute partial payment for the option should the Company elect to exercise the option.
10.
The
Company issued and sold 215,000 shares of restricted Common Stock in a private placement to Ms. Wong Wai Hing Lena at a price of
$1.22 per share for cash proceeds of $262,300.
11.
The
Company issued 342,592 shares of its restricted Common Stock at $2.7 per share, or a total of $925,000, to exercise the stock option
pursuant to Section 2.2 of a stock purchase and option agreement dated October 19, 2020, between the Company, First Bullion Holdings
Inc. (“FBHI”) and the shareholder of FBHI.
12.
The
Company subscribed for $7,206,000 worth of Class B shares of Innovest Energy Fund (the “Fund”) by issuing 3,000,000 shares
of the Company’s restricted Common Stock at a price of $2.402 per share, or a total of $7,206,000 to the Fund.
13.
The
Company issued 60,000 shares of restricted Common Stock to a designee of the Fund at a price of $2.402 per share, or a total of $144,120
to settle a subscription fee to the Fund.
14.
The
Company fully repaid the convertible note issued to Streeterville Capital, LLC (“Streeterville”) on October 13, 2020
by issuance of 704,738 shares of its restricted Common Stock at a conversion price of $1 per share for settlement of the principal
balance of $670,000 and accrued interest of $34,738, respectively on April 16, 2021. The market price of the Company’s Common
Stock was $2.33 per share, or at a total value of $1,642,040, on April 16, 2021.
15.
The
Company partially repaid the convertible note issued to Streeterville on January 8, 2021 by issuance of 232,659 shares of its restricted
Common Stock at a conversion price of $0.752175 per share for settlement of the principal balance of $175,000 on July 14, 2021. The
market price of the Company’s Common Stock was $1.01 per share, or at a total value of $234,986, on July 14, 2021.
16.
The
Company issued 79,530 shares of its restricted Common Stock at a price of $0.87 per share, or a total of $69,191, to redeem 347,000
shares out of total 504,750 shares of preferred stock from 25 preferred stock shareholders of Greenpro Capital Village Sdn. Bhd.
17.
The
Company partially repaid the convertible note issued to Streeterville on January 8, 2021 by issuance of 281,498 shares of its restricted
Common Stock at a conversion price of $0.621675 per share for settlement of the principal balance of $175,000 on July 26, 2021. The
market price of the Company’s Common Stock was $0.93 per share, or at a total value of $261,793, on July 26, 2021.
18.
The
Company partially repaid the convertible note issued to Streeterville on January 8, 2021 by issuance of 562,995 shares of its restricted
Common Stock at a conversion price of $0.621675 per share for settlement of the principal balance of $350,000 on August 5, 2021.
The market price of the Company’s Common Stock was $0.8697 per share, or at a total value of $489,637, on August 5, 2021.
19.
The
Company partially repaid the convertible note issued to Streeterville on February 11, 2021 by issuance of 643,423 shares of its restricted
Common Stock at a conversion price of $0.621675 per share for settlement of principal balance of $400,000 on August 12, 2021. The
market price of the Company’s Common Stock was $0.8101 per share, or at a total value of $521,237, on August 12, 2021.
20.
The
Company partially repaid the convertible note issued to Streeterville on February 11, 2021 by issuance of 3,375,000 shares of its
restricted Common Stock at a conversion price of $0.621675 per share for settlement of principal balance of $2,098,153 on August
20, 2021. The market price of the Company’s Common Stock was $0.7599 per share, or at a total value of $2,564,662, on August
20, 2021.
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21.
The
Company partially repaid the convertible note issued to Streeterville on February 11, 2021 by issuance of 3,370,000 shares of its
restricted Common Stock at a conversion price of $0.621675 per share for settlement of principal balance of $2,095,045 on August
24, 2021. The market price of the Company’s Common Stock was $0.9164 per share, or at a total value of $3,088,268, on August
24, 2021.
22.
The
Company fully repaid the convertible note issued to Streeterville on January 8, 2021 by issuance of 1,709,667 shares of its restricted
Common Stock at a conversion price of $0.621675 per share for settlement of the balance of principal of $960,000 and accrued interest
of $102,857 on August 31, 2021. The market price of the Company’s Common Stock was $0.9573 per share, or at a total value of
$1,636,664, on August 31, 2021.
23.
The
Company partially repaid the convertible note issued to Streeterville on February 11, 2021 by issuance of 1,075,000 shares of its
restricted Common Stock at a conversion price of $0.621675 per share for settlement of principal balance of $668,301 on August 31,
2021. The market price of the Company’s Common Stock was $0.9573 per share, or at a total value of $1,029,097, on August 31,
2021.
24.
The
Company partially repaid the convertible note issued to Streeterville on February 11, 2021 by issuance of 227,299 shares of its restricted
Common Stock at a conversion price of $0.43995 per share for settlement of principal balance of $100,000 on October 6, 2021. The
market price of the Company’s Common Stock was $0.6761 per share, or at a total value of $153,676, on October 6, 2021.
25.
The
Company fully repaid the convertible note issued to Streeterville on February 11, 2021 by issuance of 1,042,725 shares of its restricted
Common Stock at a conversion price of $0.43995 per share for settlement of the balance of principal of $154,989 and accrued interest
of $303,758, respectively on October 8, 2021. The market price of the Company’s Common Stock was $0.6811 per share, or at a
total value of $710,200, on October 8, 2021.
26.
The
Company issued 200,000 shares of its restricted Common Stock at a price of $1.0404 per share, or a total of $208,080, to settle marketing
expense to Mr. Dennis Burns.
Equity
Compensation Plan Information
We
have not adopted or approved an equity compensation plan. None of options, warrants or other convertible securities have been granted
outside of an approved equity compensation plan.
Transfer
Agent and Registrar
The
transfer agent for our capital stock is VStock Transfer, LLC, with an address at 18 Lafayette Place, Woodmere, NY 11598, telephone number
is 212-828-8436.
ITEM
6. [Reserved]