{"url_path":"/sec/tghl/10-k/2026/item-14","section_key":"item-14","section_title":"Item 14 Material Modifications to the Rights of Security Holders and Use of Proceeds.**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2024114/0001493152-26-023959-index.html","accession_number":"0001493152-26-023959","cik":"0002024114","ticker":"TGHL","issuer_name":"GrowHub Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/2024114/0001493152-26-023959-index.html","primary_entity_key":"0002024114","primary_entity_name":"GrowHub Ltd"},"word_count":274,"has_tables":true,"body_markdown":"**Item\n14. Material Modifications to the Rights of Security Holders and Use of Proceeds.** \n\n \n\nOn August 25, 2025, the SEC declared effective\nour registration statement on Form F-1 (File Number 333-286923), as amended, filed in connection with our IPO (the “Registration\nStatement”). On August 29, 2025, we completed our IPO in which we issued and sold an aggregate of 3,750,000 Class A Ordinary Shares,\nat a price of $4.00 per share for $15 million. Alexander Capital, L.P.was the representative of the underwriters of our IPO (the “Representative”).\nWe received net proceeds of approximately $13,387,100, after deducting underwriting discounts, commissions and offering expenses of $1,612,900.\nNo payments for such expenses were made directly or indirectly to (i) any of our officers or directors or their associates, (ii) any persons\nowning 10% or more of any class of our equity securities or (iii) any of our affiliates. The offering terminated after the sale of all\nsecurities registered pursuant to the Registration Statement. The Company has also agreed to issue to the Representative as compensation,\nRepresentative’s Warrants, exercisable for a period of five years from the date of issuance of up to 431,250 Class A Ordinary Shares\nat a per share exercise price equal to 125% of the public offering price per share in the IPO.\n\n \n\nFor the year ended December 31, 2025, approximately $12.8 millions of\nour IPO proceeds have been used.\n\n \n\nBelow\nis a summary of the use of the net proceeds from our IPO:\n\n \n\n \n●\napproximately 14% for paying off an existing related-party working capital loan;\n\n \n \n \n\n \n●\napproximately 2% for developing technologies; and\n\n \n \n \n\n \n●\napproximately 80% for working capital and other general corporate purposes."}