Origin Tea Inc. has completed a private placement of common stock under Regulation S, as disclosed in a Form 8-K filed on November 4, 2026. The company accepted subscriptions for a total of 290,000 shares from 115 non-U.S. purchasers.
The subscription price was fixed at RMB 40.00 per share. Under the terms of the Regulation S Subscription Agreements, 114 purchasers each subscribed for 2,500 shares for RMB 100,000, while one purchaser subscribed for 5,000 shares for RMB 200,000. The total subscription consideration received by the company is RMB 11,600,000.
The filing indicates that the subscription funds were transmitted to Hainan Baisha Yuanwu Yayun Tea Co., Ltd., the company’s indirect wholly owned PRC subsidiary and authorized RMB collection agent, on or before August 31, 2026. The funds were accepted by the company on November 4, 2026.
Following the closing, the company is obligated to issue the shares in restricted book-entry form. Additionally, the Subscription Agreements grant the purchasers contractual resale registration rights, requiring the company to promptly commence preparation of and file with the Securities and Exchange Commission a resale registration statement on Form S-1 or another appropriate form.
