Form D · Other

HGC (BVI) Info Tech Ltd.

Road Town, Tortola, D8 · CIK 0001933006

Offering snapshot reported Jul 28, 2023 · SEC filing

Reported sold
$641K
Offering amount: $20M
Investors reported
9
Form D · investor count
Minimum accepted
$2K
Reported outside-investor minimum
First sale
Jul 25, 2022
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$321K$641KJul 28, 2022: $128,714.00Jul 28, 2022Jul 28, 2023: $641,379.00Jul 28, 2023

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$128,714 → $641,379
  • Reported investors38 → 9

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jul 28, 2023Amendment$641,379$512,665vs Jul 28, 20229SEC filing
Jul 28, 2022Initial$128,714No comparison38SEC filing

Offering details

Securities
Other
Exemptions
06c
Duration over one year
Yes
Business combination
No
Sales commissions
$1M (estimated)
Finders' fees
$0
Form D file number
021-454009
$20,000,000 is the total offering amount under Regulation D and a concurrent offering under Regulation S. Of the $641,379.83 sold, $61,599.24 were sold pursuant to Regulation D.
Digital security tokens representing a right to a share of future revenue.
The issuer has engaged INX Securities, LLC to act as the broker-dealer of record for the offering with commissions of 5%. Total estimated sales commissions assume that the maximum offering of $20 million is fully subscribed through INX Securities, LLC.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
INX Securities, LLC162182

Source: Form D, filed Jul 28, 2023. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Lixin Huang Executive
Yuping Liao Executive
Duo Wang Director
Yonghong Xu Director, Executive

Issuer details

Industry: Other (See others in industry)

Address:
30 De Castro Street Wickams Cay 1, P.O. Box 4519
Road Town, Tortola, D8, VG1110