CCH Holdings closes $1.04m second tranche of financing
BUKIT MERTAJAM, Malaysia - Specialty hotpot restaurant chain CCH Holdings Ltd (NASDAQ:CCHH) has successfully closed a second tranche of convertible note financing, raising $1,035,000 from an institutional investor. The $1,150,000 remaining subscription amount was discounted by $115,000, as per a company press release. The note, with a principal value of $1,250,000, is convertible into Class A ordinary shares at a price of $0.0001 per share.
The conversion and accompanying warrant exercise were covered in a Securities Purchase Agreement effective July 31, 2026. The note was fully issued following the second closing, generating gross proceeds of $2,185,000. The registration statement, declared effective by the U.S. Securities and Exchange Commission on September 29, 2026, allows for the resale of shares upon conversion and exercise of related warrants.
CCH Holdings, operating in the chicken claypot restaurant franchise sector, is also expanding into technology infrastructure services in Southeast Asian markets.
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