{"url_path":"/sec/grnq/8-k/2026-06-02/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-02","source_url":"https://www.sec.gov/Archives/edgar/data/1597846/0001493152-26-026732-index.html","accession_number":"0001493152-26-026732","cik":"0001597846","ticker":"GRNQ","issuer_name":"Greenpro Capital Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1597846/0001493152-26-026732-index.html","primary_entity_key":"0001597846","primary_entity_name":"Greenpro Capital Corp."},"word_count":302,"has_tables":true,"body_markdown":"**Item\n1.01 Entry into a Material Definitive Agreement.**\n\n \n\n*Subscription\nAgreement*\n\n \n\nOn\nMay 29, 2026, Greenpro Capital Corp. (the “Company”) entered into a subscription agreement (the “Subscription Agreement”)\nwith its Chief Executive Officer, President and Director, Mr. Lee Chong Kuang, (the “Purchaser”) providing for the private\nplacement of 28,949 shares of the Company’s common stock, par value $0.0001 (the “Common Stock”), at a per share purchase\nprice of $1.7272 (the “Offering”) for aggregate gross proceeds of $50,000. The Offering closed on May 29, 2026. Following\ncompletion of the Offering, the Company had a total of 18,062,072 shares of Common Stock issued and outstanding, and Mr. Lee holds directly\n1,875,293 shares or 10.38% of the Company’s outstanding Common Stock. As of May 29, 2026, Mr. Lee and his spouse, Ms. Yap Pei Ling,\nheld an aggregate of 2,041,208 shares, representing approximately 11.3% of the Company’s outstanding Common Stock, consisting of\n1,875,293 shares held directly by Mr. Lee and 165,915 shares held by Ms. Yap Pei Ling.\n\n \n\nThe\nissuance of shares of Common Stock pursuant to the Subscription Agreement was made in reliance upon the exemptions from registration\nafforded by Section 4(a)(2) of the Securities Act of 1933, as amended, (the “Securities Act”) and Regulation D and/or Regulation\nS promulgated under the Securities Act. The Company believes the exemptions provided by Section 4(a)(2) and Regulation D, and/or Regulation\nS of the Securities Act were available because the offering did not involve a public offering and the Purchaser in the Offering represented\nthat he is an “accredited investor” within the meaning of Rule 501(a) of Regulation D and/or is not a “U.S. person”\nas defined in Regulation S.\n\n \n\nNo\nunderwriters were involved in the offer and sale of the Common Stock in the Offering. We plan to use the proceeds of the Offering for\noperating capital."}