Form 8-K - Current report
28 September 2023 - 6:35AM
Edgar (US Regulatory)
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2023-09-21
2023-09-21
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): September
21, 2023
DATASEA INC.
(Exact name of registrant as specified in its charter)
Nevada |
|
001-38767 |
|
45-2019013 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
20th Floor, Tower B, Guorui Plaza
1 Ronghua South Road Technological Development Zone,
Beijing, People’s Republic of China 100176 |
(Address of principal executive offices) |
Registrant’s telephone number, including area
code: (+86) 10-56145240
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common Stock, $0.001 par value |
|
DTSS |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ☐
Item 3.02 Unregistered Sales of Equity Securities.
As disclosed in the Current Reports
on Form 8-K filed on August 7, 2023 and September 14, 2023, Datasea Inc. (referred to as the “Company”) entered into two subscription
agreements (referred to as the “Agreements”) and supplementary agreement dated September 10, 2023 (the “Supplementary
Agreement”) with a non-U.S. investor (referred to as the “Investor A”). These Agreements outline the terms by which
the Company will sell, and the Investor will purchase, a total of 4,760,000 shares of common stock (referred to as the “Shares”)
at a per-share purchase price of $1.20. These Shares are subject to a mandatory holding period of 365 days.
Pursuant to the terms of these
two Agreements and the Supplementary Agreement, Investor A committed to making payments totaling $5,712,000, to be paid in the aggregate
amount of RMB40,000,000, as consideration for the Shares. The payments under the two Agreements and the Supplementary Agreement of RMB40,000,000
were received by the Company on September 21, 2023.
As disclosed
in the Current Report on Form 8-K filed on August 16, 2023, the Company entered into a subscription agreement dated August 15, 2023 with
a non-U.S. investor (referred to as the “Investor B”), pursuant to which the Company agreed to sell and Investor B agreed
to purchase an aggregate of 2,962,963 Shares at a $1.35 per share purchase price, with a total subscription
price of $4,000,000. Such Shares must be held for a period of 180 days. Within 5 business days after the signing of such agreement,
Investor B shall pay the amount of $714,286 to the Company, which has been received by the Company, and additionally and before October
15, 2023, Investor B shall pay the remainder amount of $3,285,714 to the Company.
The Company has on September 21, 2023 issued 4,760,000
Shares to Investor A and 529,101 Shares to Investor B, prior to which the Company had a total of 32,784,133 issued and outstanding shares
of common stock. Following such issuances, the Company will have a total of 38,073,234 issued and outstanding shares of common stock,
of which the Investor A will hold 4,760,000 Shares, constituting approximately 12.5% of the total issued and outstanding shares of the
Company, and Investor B will hold 529,101 Shares, constituting approximately 1.4% of the total issued and outstanding shares of the Company.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
September 27, 2023 |
DATASEA INC. |
|
|
|
|
By: |
/s/ Zhixin Liu |
|
Name: |
Zhixin Liu |
|
Title: |
Chief Executive Officer |
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Sep. 21, 2023 |
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Document Period End Date |
Sep. 21, 2023
|
Entity File Number |
001-38767
|
Entity Registrant Name |
DATASEA INC.
|
Entity Central Index Key |
0001631282
|
Entity Tax Identification Number |
45-2019013
|
Entity Incorporation, State or Country Code |
NV
|
Entity Address, Address Line One |
20th Floor, Tower B, Guorui Plaza
|
Entity Address, Address Line Two |
1 Ronghua South Road Technological Development Zone
|
Entity Address, City or Town |
Beijing
|
Entity Address, Country |
CN
|
Entity Address, Postal Zip Code |
100176
|
City Area Code |
+86
|
Local Phone Number |
10-56145240
|
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Title of 12(b) Security |
Common Stock, $0.001 par value
|
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DTSS
|
Security Exchange Name |
NASDAQ
|
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