IINX Ionix Technology Inc (CE)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  May 22, 2020

 

IONIX TECHNOLOGY, INC.

(Exact name of registrant as specified in its charter)

 

Nevada	000- 54485	45-0713638
(State or Other Jurisdiction	(Commission File	(I.R.S. Employer
of Incorporation)	Number)	Identification Number)

  

Rm 608, Block B, Times Square, No. 50 People Road, Zhongshan District, 

Dalian City, Liaoning Province, China 116001 

(Address of principal executive offices, including zip code)

 

+86-411-88079120 

(Registrant’s telephone number, including area code)

 

Not Applicable

 

(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 of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o 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:         None

 

Securities registered pursuant to Section 12(g) of the Act:

 

Title of each class	Trading Symbol(s)	Name of the principal U.S. market
Common Stock, par value $0.0001 per share	IINX	OTCQB marketplace of OTC Markets, Inc.

 

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 o

 

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. o

 

 

 

Item 8.01  Other Events

 

On May 19, 2020, Ionix Technology, Inc. (“Company”) and Maxim Group, LLC (“Maxim”) mutually agreed to terminate all rights and obligations, except for certain indemnification provisions, under that certain letter agreement dated on or about December 16, 2019 relating to general financial advisory and investment banking services and the letter agreement of even date regarding retention as underwriter in connection with a proposed follow-on offering of securities (collectively, the “Maxim Agreements”). As a result the Company and Maxim entered into a Settlement and Release Agreement (“Agreement”) on May 19, 2020 granting a general mutual release of each other and reflecting no further relationship or obligations between the parties.  Pursuant to the Agreement, Maxim agreed it shall return the pro-rata amount of common stock shares issued by the Company pursuant to the Maxim Agreements based upon the  remaining term of the advisory services agreed upon in the Maxim Agreements.

 

 

 

SIGNATURES

 

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 hereunto duly authorized.

 

 

	Ionix Technology, Inc.
Date:  May 22, 2020	By	/s/ Cheng Li
		Cheng Li
		Duly Authorized officer, Chief Executive Officer