Amended Tender Offer Statement by Issuer (sc To-i/a)
December 16 2020 - 4:07PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
(Amendment No. 1)
TENDER OFFER STATEMENT UNDER SECTION
14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
METEN EDTECHX EDUCATION GROUP LTD.
(Name of Subject Company (Issuer) and Filing Person (Offeror))
WARRANTS TO PURCHASE ORDINARY SHARES
(Title of Class of Securities)
28138X103
(CUSIP Number of Ordinary Shares Underlying Warrants)
c/o Meten International Education Group
3rd Floor, Tower A, Tagen Knowledge & Innovation Center
2nd Shenyun West Road, Nanshan District
Shenzhen, Guangdong Province 518045
The People’s Republic of China
+86 755 8294 5250
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications on Behalf of Filing Person)
WITH A COPY TO:
Ning Zhang, Esq.
Yile Gao, Esq.
Morgan, Lewis & Bockius LLP
c/o Suites 1902-09, 19th Floor
Edinburgh Tower, The Landmark
15 Queen’s Road Central
Hong Kong
+852 3551 8500
CALCULATION OF FILING FEE
Transaction valuation(1)
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Amount
of filing fee(1)(2)(3)
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$35,192,850
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$3,839.54
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(1)
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Estimated for purposes of calculating the amount of the filing fee only for an offer to exercise
warrants to purchase an aggregate of 12,705,000 ordinary shares (the “Offer to Exercise”), representing warrants
issued in the Company’s business combination (the “Business Combination”), each with an exercise price
of $11.50 per share. The transaction value is calculated pursuant to Rule 0-11 using $2.77 per ordinary share, which represents
the average of the high and low sales price of the ordinary shares on December 1, 2020, as reported by the Nasdaq Capital Market.
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(2)
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Calculated by multiplying the transaction value by 0.0001091.
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þ
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Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number or the Form or Schedule and the date of its filing.
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Amount Previously Paid: $3,839.54
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Filing Party: Meten EdtechX Education Group Ltd.
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Form or Registration Number: SC TO-I
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Date Filed: December 7, 2020
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☐
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Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. Check the appropriate boxes below to designate any transactions to which the statement relates:
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☐
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third party tender offer subject to Rule 14d-1.
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☒
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issuer tender offer subject to Rule 13e-4.
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☐
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going private transaction subject to Rule 13e-3.
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☐
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amendment to Schedule 13D under Rule 13d-2.
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Check the following box if the filing is a final amendment reporting the results of a tender offer: ☐
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If applicable, check the appropriate box(es) below to designate the appropriate note provision(s):
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☐
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Rule 13e-4(i) (Cross-Border Issuer Tender Offer)
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☐
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Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)
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This Amendment
No. 1 amends and supplements the Tender Offer Statement on Schedule TO (as amended, this “Schedule TO”)
originally filed by Meten EdtechX Education Group Ltd. (the “Company”) with the Securities and Exchange
Commission (the “SEC”) on December 7, 2020, in connection with the Company’s offer to the holders of
outstanding warrants to purchase 12,705,000 ordinary shares, US$0.0001 par value (the “Ordinary Shares”) issued
in the Company’s business combination (“Business Combination”) which led to it becoming a public company,
each with an exercise price of $11.50 per share, and any subsequently issued warrants with identical terms and conditions
(collectively, the “Warrants”), the opportunity to exercise the Warrants at a temporarily reduced exercise price
of $1.40 per Ordinary Share, upon the terms and subject to the conditions set forth in the Offer to Exercise Warrants to
Purchase Ordinary Shares, dated December 7, 2020 and filed as Exhibit (a)(1)(B) to this Schedule TO (the “Original
Offer to Exercise”), as supplemented by the Supplement to Offer to Exercise Warrants to Purchase Ordinary Shares, dated
December 16, 2020 and filed as Exhibit (a)(1)(H) to this Schedule TO (the “Supplement,” and the Original Offer to
Exercise, as supplement by the Supplement, the “Offer to Exercise”).
Only those items reported
in this Amendment No. 1 are amended or supplemented. Except as specifically provided herein, the information contained in the Schedule
TO, the Offer to Exercise, as supplemented by the Supplement, and the related Election to Participate and Exercise Warrants remains
unchanged. This Amendment No. 1 should be read in conjunction with the Schedule TO, the Offer to Exercise, as supplemented by the
Supplement, and the related Election to Participate and Exercise Warrants, as the same may be further amended or supplemented hereafter
and filed with the SEC.
Capitalized terms used
and not defined herein have the meanings assigned to such terms in the Offer to Purchase.
ITEMS 1 TO 11.
To the extent the information
disclosed under these Items of the Schedule TO was incorporated by reference from the Original Offer to Exercise, such information
is amended and supplemented to the extent set forth in the Supplement.
ITEM 12. EXHIBITS.
Item 12 of the Schedule
TO is hereby amended by adding the following exhibit:
SIGNATURE
After due inquiry and
to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated December 16, 2020
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METEN EDTECHX EDUCATION GROUP LTD.
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By:
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/s/ Siguang Peng
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Name:
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Siguang Peng
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Title:
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Chief Executive Officer
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2
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