Current Report Filing (8-k)
22 March 2022 - 4:14AM
Edgar (US Regulatory)
0000860131
false
0000860131
2022-03-15
2022-03-15
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xbrli:shares
iso4217:USD
xbrli:shares
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): March
21, 2022 (March 15, 2022)
WAVE SYNC CORP.
(Exact name of registrant as specified in its charter)
Delaware |
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001-34113 |
|
74-2559866 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
19 West 44th Street, Suite 1001, New York, NY 10036 |
(Address of principal executive offices) |
Registrant’s telephone number, including area
code: (852) 98047102
|
(Former name or former address, if changed since last report.) |
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)) |
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. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which registered |
n/a |
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n/a |
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n/a |
Item 1.01 Entry into a
Material Definitive Agreement.
On March 15, 2022, Time Capital
Management Inc., a New York corporation (“Time Capital”) and a wholly owned subsidiary of Wave Sync Corp. (the “Company”),
entered into a business consulting agreement (the “Agreement”) with Pengfei Xie, Zaixian Wang and Bingjiang Wang (collectively,
the “Clients”), pursuant to which Time Capital, as a business consultant, shall provide investment and financial advice in
relation to Clients’ funds of a total of one million dollars ($1,000,000.00) (the “Funds”) together with the income
attributable to such Funds (the “Account”) for a period of one year from the date of the Agreement to March 15, 2023. Subject
to the terms and conditions of the Agreement, Time Capital shall be entitled to a performance-based profit allocation of 8% of the Account’s
net profits (the “Consulting Fees”) payable quarterly to Time Capital for the services it provides.
Before their entry into the
Agreement, no material relationship existed between the Company or Time Capital on one hand and the Clients on the other hand, except
that 1) Zaixian Wang is a shareholder of the Company and 2) Zaixian Wang is the father of Warren Wang who in-turn is the control person
of PX SPAC Capital Inc., one of the principal shareholders 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.
March 21, 2022 |
WAVE SYNC CORP. |
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|
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By: |
/s/ Jiang Hui |
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Name: |
Jiang Hui |
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Title: |
Chief Executive Officer |
Wave Sync (CE) (USOTC:WAYS)
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