UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2024
Commission File Number: 001-41656
Jayud Global Logistics Limited
(Exact name of registrant as specified in its charter)
Building 3, No. 7 Gangqiao Road,
Li Lang Community, Nanwan Street,
Longgang District, Shenzhen,
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
Information Contained in this Report
Jayud Global Logistics Limited, a Cayman Islands exempted company,
(the “Company”) entered into Share Purchase Agreements dated October 19, 2024, October 21, 2024, and October 24, 2024 (the
“Purchase Agreements”) with certain accredited investors named therein (the “Purchasers”), pursuant to which the
Company issued in a private placement an aggregate of 14,793,333 Class A ordinary shares to the Purchasers at a purchase price of US$0.45
per share. The closing of the private placement occurred on October 28, 2024 (the “Closing Date”) and the Company received
gross proceeds of $6,657,000.
The Class A ordinary shares were offered, issued and sold by
the Company in a private placement pursuant to the exemption provided in Section 4(a)(2) under the United States Securities Act of 1933,
as amended (the “Securities Act”). The Company has agreed to use its commercially reasonable efforts to prepare and file a
resale registration statement on Form F-1/F-3 with the Securities and Exchange Commission registering the ordinary shares issued pursuant
to the Purchase Agreements for resale on behalf of the Purchasers. The Company also agreed to use its commercially reasonable efforts
to cause such registration statement to be declared effective under the Securities Act as promptly as possible after the filing thereof,
and shall use its commercially reasonable efforts to keep such registration statement continuously effective under the Securities Act
until the date that all of the shares covered by such registration statement (i) have been sold thereunder or pursuant to Rule 144, or
(ii) may be sold without volume or manner-of-sale restrictions pursuant to Rule 144.
The foregoing description of the Purchase Agreement does not
purport to describe all of the terms and provisions thereof and is qualified in its entirety by reference to the form of Purchase Agreement
which is filed hereto as Exhibit 10.1 and is incorporated herein by reference.
This Report of Foreign Private Issuer on
Form 6-K is hereby incorporated by reference into the Company’s registration statement on Form F-3, as amended (File No. 333-280010).
Exhibits
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: October 28, 2024 |
|
|
|
|
Jayud Global Logistics Limited |
|
|
|
By: |
/s/ Xiaogang Geng |
|
Name: |
Xiaogang Geng |
|
Title: |
Chief Executive Officer |
2
Exhibit 10.1
SHARE PURCHASE
AGREEMENT
This Share Purchase Agreement
(this “Agreement”), dated as of October 24, 2024, is by and between Jayud Global Logistics Limited, a Cayman Islands
exempted company (the “Company”), and each of the Purchasers whose names are set forth on the signature pages hereto
(individually, a “Purchaser” and collectively, the “Purchasers”). Each of such Purchasers and the
Company is sometimes referred to herein each as a “Party”, and collectively as the “Parties”.
W I T N E S S E T H:
WHEREAS, the Company desires
to sell to such Purchasers, and such Purchasers desire to purchase from the Company, Class A ordinary shares, par value $0.0001 per share
with one vote per share (the “Ordinary Shares”), in accordance with the terms and provisions of this Agreement;
WHEREAS, the Ordinary Shares
offered and sold by the Company pursuant to the terms of this Agreement are sometimes referred to herein as the “Shares”;
and
WHEREAS, the Shares are not
registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and are being offered
and sold pursuant to an exemption from the registration requirements of Section 5 of the Securities Act contained in Section 4(a)(2) thereof
and/or Regulation D thereunder.
NOW, THEREFORE, in consideration
of the foregoing and the mutual representations, warranties, covenants and agreements herein contained, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Company and each Purchaser
agrees as follows:
ARTICLE
I
PURCHASE
AND SALE
Section 1.1 Issuance,
Sale and Purchase of Shares. Upon the following terms and conditions, the Company is offering to each Purchaser the number of Shares
set forth opposite such Purchaser’s name on such Purchaser’s signature page hereto.
Section 1.2 Purchase
Price and Closing. Subject to the terms and conditions hereof, the Company agrees to issue and sell to such Purchasers and, in consideration
of and in express reliance upon the representations, warranties, covenants, terms and conditions of this Agreement, such Purchasers, severally
but not jointly, agree to purchase the Shares for $0.45 per Share for an aggregate purchase price of $ (the “Purchase Price”).
The closing (the “Closing”) of the purchase and sale of the shares of Common Stock to be acquired by such Purchasers from
the Company under this Agreement shall take place remotely at such time as the parties hereto have executed this Agreement and all of
the conditions set forth in Section 1.3 hereof and applicable to the Closing shall have been fulfilled or waived in accordance herewith
(the “Closing Date”). At or before the Closing, such Purchasers shall deliver the Purchase Price by wire transfer in immediately
available funds to the Company’s bank account designated by the Company as below:
Beneficiary Name:
JAYUD GLOBAL LOGISTIC LIMITED
Beneficiary Account
Number:
Beneficiary Bank:
Beneficiary Bank
Address:
Swift Code:
GroupID:
No later than fourteen
(14) business days following the Closing, the Company shall cause its transfer agent to deliver to each Purchaser a share certificate
representing the number of Shares purchased at such Closing or a copy of the book-entry statement evidencing such Purchaser as the holder
of such Shares.
Section 1.3 Closing
Conditions.
The
obligations of the Company to issue and sell the Shares as contemplated by this Agreement shall be subject to the satisfaction, on or
before the applicable Closing, of each of the following conditions, provided that any of which may be waived in writing by the Company
in its sole discretion:
(a) All
corporate and other actions required to be taken by the Company in connection with the issuance and sale of the Shares shall have been
completed and all corporate and other actions required to be taken by each Purchaser in connection with the purchase of the Shares shall
have been completed.
(b) The
representations and warranties of each Purchaser contained in Section 2.2 of this Agreement shall have been true and correct on
the date of this Agreement and shall be true and correct in all material respects as of the Closing; and each Purchaser shall have performed
and complied with in all material respects all, and not be in breach or default in any material respect under any, agreements, covenants,
conditions and obligations contained in this Agreement that are required to be performed or complied with on or before the Closing.
(c) No
governmental authority of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any law (whether temporary,
preliminary or permanent) that is in effect and restrains, enjoins, prevents, prohibits or otherwise makes illegal the consummation of,
or materially and adversely alter, the transactions contemplated by this Agreement or imposes any damages or penalties that are substantial
in relation to the Company; and no action, suit, proceeding or investigation shall have been instituted by or before any governmental
authority of competent jurisdiction or threatened that seeks to restrain, enjoin, prevent, prohibit or otherwise makes illegal the consummation
of, or materially and adversely alter, the transactions contemplated by this Agreement or impose any damages or penalties that are substantial
in relation to the Company.
ARTICLE
II
REPRESENTATIONS
AND WARRANTIES
Section 2.1 Representations
and Warranties of the Company. The Company hereby represents and warrants to such Purchasers, as of the date hereof and as of each
Closing Date, as follows:
(a) Organization
and Authority. Each of the Company and its subsidiaries is an entity duly incorporated or otherwise organized, validly existing and
in good standing under the laws of the jurisdiction of its incorporation, with the requisite power and authority to own and use its properties
and assets and to carry on its business in all material respects as is currently conducted. Neither the Company nor any of its subsidiaries
is in material violation or default of any of the provisions of its respective memorandum and articles of association, certificate or
articles of incorporation, bylaws or other organizational or charter documents. Each of the Company and its subsidiaries is duly qualified
to conduct business and is in good standing as a foreign corporation or other entity in each jurisdiction in which the nature of the business
conducted or property owned by it makes such qualification necessary and no proceeding has been instituted in any such jurisdiction revoking,
limiting or curtailing or seeking to revoke, limit or curtail such power and authority or qualification, except to the extent that the
failure to be so qualified and in good standing would not adversely affect the ability of the Company to carry out its obligations under,
and to consummate the transactions contemplated by, this Agreement or adversely affect the ability of the Company and its subsidiaries
to conduct the business as is currently conducted.
(b) Due
Issuance of the Shares. The Shares have been duly and validly authorized and, when issued and paid for pursuant to this Agreement,
the Shares will be validly issued, fully paid and non-assessable, and the Shares shall be free and clear of all encumbrances, except as
required by applicable laws, and issued in compliance with all applicable federal, securities laws.
(c) Authority.
The Company has full power and authority to enter into, execute and deliver this Agreement and each agreement, certificate, document and
instrument to be executed and delivered by it pursuant to this Agreement and to perform its obligations hereunder. The execution and delivery
by it of this Agreement and the performance by it of its obligations hereunder have been duly authorized by all requisite actions on its
part.
(d) Noncontravention.
This Agreement has been duly executed and delivered by the Company and constitutes its legal, valid and binding obligation, enforceable
against it in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other
laws of general application affecting enforcement of creditors’ rights generally, and (ii) as limited by laws relating to the availability
of specific performance, injunctive relief, or other equitable remedies. Neither the execution and the delivery of this Agreement, nor
the consummation of the transactions contemplated hereby, will violate any constitution, statute, regulation, rule, injunction, judgment,
order, decree, ruling, charge, or other restriction of any government, governmental entity or court to which the Company or any of its
subsidiaries is subject. To the Company’s best knowledge, neither the execution and delivery by the Company of this Agreement, nor
the consummation by the Company of any of the transactions contemplated hereby, nor compliance by the Company with any of the terms and
conditions hereof will contravene any existing agreement, federal, state, county or local law, rule or regulation or any judgment, decree
or order applicable to, or binding upon, it.
(e) Filings,
Consents and Approvals. Assuming the accuracy of the representations and warranties of each Purchaser in Sections 2.2(e) and (f),
neither the execution and delivery by the Company of this Agreement, nor the consummation by the Company of any of the transactions contemplated
hereby, nor the performance by the Company of this Agreement in accordance with its terms requires the filing, consent, approval, order
or authorization of, or registration with, or the giving notice to, any governmental or public body or authority, except such as have
been obtained, made, given or will be made promptly hereafter and any required filing or notification with the Securities and Exchange
Commission or Nasdaq.
(f) SEC
Reports. Except set forth in Schedule A, the Company has filed all reports, schedules, forms, statements and other documents
required to be filed by the Company under the Securities Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof,
for the two years preceding the date hereof (or such shorter period as the Company was required by law or regulation to file such material)
(the foregoing materials, including the exhibits thereto and documents incorporated by reference therein, being collectively referred
to herein as the “SEC Reports”) on a timely basis or has received a valid extension of such time of filing and has
filed any such SEC Reports prior to the expiration of any such extension.
(g) No
General Solicitation. Neither the Company nor any person or entity acting on behalf of the Company has offered or sold any of the
Shares by any form of general solicitation or general advertising. The Company has offered the Shares for sale only to “accredited
investors” within the meaning of Rule 501 under the Securities Act.
Section 2.2 Representations
and Warranties of such Purchasers. Each Purchaser hereby makes the following representations and warranties to the Company as of the
date hereof, with respect solely to itself and not with respect to any other Purchaser:
(a) Authority.
Each Purchaser has full power and authority to enter into, execute and deliver this Agreement and each agreement, certificate, document
and instrument to be executed and delivered by such Purchaser pursuant to this Agreement and to perform his obligations hereunder. The
execution and delivery by each Purchaser of this Agreement and the performance by such Purchaser of its obligations hereunder have been
duly authorized by all requisite actions on his part.
(b) Valid
Agreement. This Agreement has been duly executed and delivered by each Purchaser and constitutes such Purchaser’s legal, valid
and binding obligation, enforceable against him in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency,
reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally, and (ii)
as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.
(c) Consents.
Neither the execution and delivery by such Purchaser of this Agreement nor the consummation by such Purchaser of any of the transactions
contemplated hereby nor the performance by him of this Agreement in accordance with its terms requires the consent, approval, order or
authorization of, or registration with, or the giving of notice to, any governmental or public body or authority or any third party, except
as have been obtained, made or given.
(d) No
Conflict. Neither the execution and delivery by it of this Agreement, nor the consummation by such Purchaser of any of the transactions
contemplated hereby, nor compliance by him with any of the terms and conditions hereof will contravene any existing agreement, federal,
state, county or local law, rule or regulation or any judgment, decree or order applicable to, or binding upon, such Purchaser.
(e)
No General Solicitation. Such Purchaser is not
purchasing the Shares because of any general solicitation or general advertisement, including, without limitation, (i) any advertisement,
articles, notice or other communication published in any newspaper, magazine or similar media or broadcast over television or radio, and
(ii) any seminar or meeting whose attendees have been invited by any general solicitation or general advertising.
(f) Status
and Investment Intent.
(i) Experience.
Each Purchaser has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits
and risks of its investment in the Shares. Each Purchaser is capable of bearing the economic risks of such investment, including a complete
loss of its investment.
(ii) Purchase
Entirely for Own Account. Each Purchaser is acquiring the Shares for his own account
for investment purposes only and not with the view to, or with any intention of, resale, distribution or other disposition thereof. Such
Purchaser does not have any direct or indirect arrangement, or understanding with any other persons to distribute, or regarding the distribution
of the Shares in violation of the Securities Act or other applicable laws.
(iii) Investor
Accredited Status. Each Purchaser is an “accredited investor”, as that term is defined in Rule 501(a) of Regulation D
of the Securities Act.
(iv) Distribution
Compliance Period. Each Purchaser understands that the Shares are being offered in a transaction not involving any public offering
within the meaning of the Securities Act and that the Shares have not been registered under the Securities Act or any other securities
laws of the United States or any other jurisdiction. Each Purchaser understands that his investment in the Shares involves a high degree
of risk and that he may lose its entire investment. Each acknowledges that the Shares may not be sold, hypothecated or otherwise disposed
of unless registered under the Securities Act and applicable state securities laws or an exemption from registration is available. Any
resale of any of the Shares may be made only pursuant to (i) a registration statement under the Securities Act which has been declared
effective by the Securities and Exchange Commission and is effective at the time of such sale, or (ii) a specific exemption from the registration
requirements of the Securities Act. In claiming any such exemption, each Purchaser will, prior to any sale or distribution of any Shares
advise the Company, and, if requested, provide the Company with a favorable written opinion of counsel, in form and substance satisfactory
to the Company's counsel, as to the applicability of such exemption to the proposed sale or distribution.
(v) Restrictive
Legend. Each Purchaser understands that the certificate evidencing the Shares will bear a legend or other restriction substantially
to the following effect:
“THE SHARES HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NO SALE, PLEDGE, HYPOTHECATION, TRANSFER OR
OTHER DISPOSITION OF THESE SHARES MAY BE MADE UNLESS EITHER (A) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT
OR (B) PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, IN EITHER CASE UPON THE RECEIPT OF
AN OPINION OF U.S. COUNSEL.”
(vi) Direct
Contact; No Broker. The contact between the Company and each Purchaser was made directly through an existing relationship. No broker,
investment banker or other person is entitled to any broker’s, finder’s or other similar fee or commission in connection with
the execution and delivery of this Agreement or the consummation of any of the transactions contemplated by this Agreement based upon
arrangements made by or on behalf of each Purchaser.
(g) Not
an Affiliate. Such Purchaser is not an officer, director or “affiliate” (as that term is defined in Rule 415 of the Securities
Act) of the Company.
ARTICLE
III
COVENANTS;
MISCELLANEOUS
Section 3.1 No
Shorting or Lending of Shares. Such Purchasers shall not (i) engage in any short-selling activities involving the Ordinary Shares,
or (ii) lend the Shares to any third party.
Section 3.2 Holding
Period. Such Purchasers acknowledge and agree that the Shares may not be transferred or sold for at least a period of six (6) months
following the Closing Date without the prior written consent of the Company and subject to applicable U.S. federal securities laws.
Section 3.3 Nasdaq
Listing. Except set forth in Schedule A, the Company warrants that it shall undertake best efforts to remain commercially viable
and as a going-concern, so as to support the continued listing of its ordinary shares and public warrants on the Nasdaq Stock Market.
Section 3.4 Use
of Proceeds. The Company shall use the proceeds from the sale of the Shares hereunder for the purposes set forth on Schedule B
hereof.
Section 3.5 Registration
Rights. As soon as practicable following the expiration of the Closing, the Company shall use its commercially reasonable efforts
to prepare and file a registration statement with the Securities and Exchange Commission registering the Shares for resale on behalf of
such Purchaser. In addition, the Company shall use its commercially reasonable efforts to cause such registration statement to be declared
effective under the Securities Act as promptly as possible after the filing thereof, and shall use its commercially reasonable efforts
to keep such registration statement continuously effective under the Securities Act until the date that all of the Shares covered by such
registration statement (i) have been sold thereunder or pursuant to Rule 144, or (ii) may be sold without volume or manner-of-sale restrictions
pursuant to Rule 144.
Section 3.6 Termination.
This Agreement may not be terminated except by mutual agreement of the Parties. Nothing in this Section 3.6 shall be deemed to
release any Party from any liability for any breach of this Agreement prior to the effective date of such termination.
Section 3.7 Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without regard to principles
of conflicts of laws. Any action brought by either Party against the other concerning the transactions contemplated by this Agreement
shall be brought only in the state courts of New York or in the federal courts located in the state and county of New York. The Parties
to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert
any defense based on lack of jurisdiction or venue or based upon forum non conveniens.
Section 3.8 Consent
to Jurisdiction. Each of the Company and such Purchaser hereby irrevocably waives, and agrees not to assert in any such suit, action
or proceeding, any claim that it is not personally subject to the jurisdiction in New York of such court, that the suit, action or proceeding
is brought in an inconvenient forum or that the venue of the suit, action or proceeding is improper. Nothing in this Section shall affect
or limit any right to serve process in any other manner permitted by law.
Section 3.9 Amendment.
This Agreement shall not be amended, changed or modified, except by another agreement in writing executed by the Parties hereto.
Section 3.10 Binding
Effect. This Agreement shall inure to the benefit of, and be binding upon, each of the Parties and their respective heirs, successors
and permitted assigns.
Section 3.11 Assignment.
Neither this Agreement nor any of the rights, duties or obligations hereunder may be assigned by the Company or such Purchaser without
the express written consent of the other Party. Any purported assignment in violation of the foregoing sentence shall be null and void.
Section 3.12 Notices.
All notices, requests, demands, and other communications under this Agreement shall be in writing and shall be deemed to have been duly
given on the date of actual delivery if delivered personally to the Parties to whom notice is to be given, on the date sent if sent by
e-mail or facsimile, on the next business day following delivery if sent by courier or on the day of attempted delivery by postal service
if mailed by registered or certified mail, return receipt requested, postage paid, and properly addressed. The address of each Purchaser
for such notices and communications shall be as set forth on the signature pages attached hereto. If to the Company, at:
Building 3, No. 7 Gangqiao Road, Li Lang Community
Nanwan Street, Longgang District
Shenzhen, China
Attn: Xiaogang Geng, CEO
Email:
Any Party may change its address
for purposes of this Section 3.12 by giving the other Party a written notice of the new address in the manner set forth above.
Section 3.13 Entire
Agreement. This Agreement constitutes the entire understanding and agreement between the Parties hereto with respect to the matters
covered hereby, and all prior agreements and understandings, oral or in writing, if any, between the Parties with respect to the matters
covered hereby are merged and superseded by this Agreement.
Section 3.14 Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force
and effect and shall in no way be affected, impaired or invalidated, and the Parties hereto shall use their commercially reasonable efforts
to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision,
covenant or restriction. It is hereby stipulated and declared to be the intention of the Parties that they would have executed the remaining
terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable.
Section 3.15 Fees
and Expenses. Each Party will be responsible for all of its own expenses incurred in connection with the negotiation, preparation
and execution of this Agreement.
Section 3.16 Public
Announcements. Such Purchaser shall not make, or cause to be made, any press release or public announcement in respect of this Agreement
or the transactions contemplated by this Agreement or otherwise communicate with any news media without the prior written consent of the
Company.
Section 3.17 Specific
Performance. The Parties agree that irreparable damage would occur in the event any provision of this Agreement is not performed in
accordance with the terms hereof. Accordingly, each Party shall be entitled to specific performance of the terms hereof, in addition to
any other remedy at law or equity.
Section 3.18 Headings.
The headings of the various articles and sections of this Agreement are inserted merely for the purpose of convenience and do not expressly
or by implication limit, define or extend the specific terms of the section so designated.
Section 3.19 Execution
in Counterparts. For the convenience of the Parties and to facilitate execution, this Agreement may be executed in one or more counterparts,
each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument.
[SIGNATURE PAGE FOLLOWS]
IN WITNESS WHEREOF, the Parties
have caused this Agreement to be executed as of the day and year first above written.
|
Jayud Global Logistics Limited |
|
|
|
By: |
|
|
|
Name: |
Xiaogang Geng |
|
|
Title: |
Chief Executive Officer |
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
SIGNATURE PAGE FOR PURCHASERS
FOLLOWS]
PURCHASER SIGNATURE PAGE TO SHARE PURCHASE AGREEMENT
IN WITNESS WHEREOF, the undersigned
have caused this Share Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated
above.
Name of Purchaser:
_____________________________________
Signature of Authorized Signatory of Purchaser:
__________________________________
Name of Authorized Signatory: _____________________________________
Title of Authorized Signatory:_____________________________________
Email Address of Authorized Signatory: _____________________
___
Address for Notice to Purchaser:
[ ]
Investment Amount: $______________
Number of Shares: _________________
Jayud Global Logistics (NASDAQ:JYD)
Historical Stock Chart
From Oct 2024 to Nov 2024
Jayud Global Logistics (NASDAQ:JYD)
Historical Stock Chart
From Nov 2023 to Nov 2024