On July 24, 2026, Republic Power Group Limited closed a financing transaction with Dune Equity Holdings LLC under a Securities Purchase Agreement dated July 20, 2026. The Company issued the first tranche of a promissory note with a principal amount of $285,000, inclusive of a $25,000 original issuance discount, bearing interest at an annual rate of 12% and maturing in 12 months. Additionally, the Company issued 53,000 Class A ordinary shares as commitment shares to Dune. The note is convertible into Class A Ordinary Shares at a price equal to 80% of the average of the three lowest traded prices over the preceding ten trading days. The second tranche of $285,000 remains subject to conditions including Nasdaq listing compliance and SEC registration effectiveness. Republic Power Group Limited operates in the power generation industry.
