Document background
The Subscription Agreement Private Placement is a crucial document used in Nigerian private securities offerings when companies seek to raise capital from a select group of investors without public distribution. This document is essential for compliance with Nigerian securities laws, particularly the Investment and Securities Act 2007 and SEC Rules governing private placements. It is typically used when companies want to issue shares, debentures, or other securities to qualified investors while maintaining confidentiality and avoiding the more stringent requirements of a public offering. The agreement details the subscription terms, investor qualifications, payment mechanics, and various representations and warranties required under Nigerian law. It also includes specific provisions for foreign investment when applicable, making it suitable for both domestic and international private placement transactions.
