9F : Announces Closing of Private Placement and Amendment to the Corresponding Definitive Agreement - Form 6-K
JFU
9F Inc. Announces Closing of Private Placement and Amendment to the Corresponding Definitive Agreement
This current report on Form 6-K was submitted in connection with a certain private placement transaction involving 9F Inc. (the "Company").
The Company has recently completed the closing of the first tranche of its private placement, pursuant to the terms of the share subscription agreement (the "Existing Agreement") entered into with a certain investor (the "Investor") as previously reported on July 19, 2021, and has issued in instalments a total of 4,986,012 class A ordinary shares of the Company ("Ordinary Shares"), par value $0.00001 per share, to the Investor. Ordinary Shares acquired by the Investor in this transaction are subject to a six-month lock-up period post-closing.
In conjunction with the closing of the first tranche investment under the Existing Agreement, the Company, the Investor and a certain other investor (the "Joining Investor") have entered into a restated and amended subscription agreement (the "Amended Agreement"), which amends the Existing Agreement. The key terms (including the per class A ordinary share subscription price and the lock-up requirement) of the Amended Agreement are substantially similar to those of the Existing Agreement, except that in lieu of the Investor having options to make the second tranche of the investment as originally contemplated under the Existing Agreement, the Amended Agreement provides that the Joining Investor may invest up to $1,000,000 in the Company (the "Joining Investor Second Tranche Investment") for newly issued Ordinary Shares. The Joining Investor Second Tranche Investment closed recently, pursuant to which the Company issued 678,426 Ordinary Shares, par value $0.00001 per share, to the Joining Investor, which shares are also subject to a six-month lock-up period post-closing.
Safe Harbor Statement
This Form 6-K contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Such statements are based upon management's current expectations and current market, regulatory and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, general economic conditions in China, and the Company's ability to meet the standards necessary to maintain listing of its ADSs on the Nasdaq, including its ability to cure any non-compliance with the Nasdaq's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this Form 6-K is as of the date of this Form 6-K, and 9F Inc. does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
2
Disclaimer
9F Inc. published this content on 15 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2021 20:21:15 UTC.