Current Report Filing (8-k)
May 23 2018 - 4:17PM
Edgar (US Regulatory)
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): May 23,
2018
_________________
AMERICAN LORAIN CORPORATION
(Exact name of registrant as specified in its charter)
Nevada
|
001-34449
|
87-0430320
|
(State or other jurisdiction
|
(Commission File Number)
|
(I.R.S. Employer Identification
|
of incorporation or organization)
|
|
Number)
|
Beihuan Road Junan County
|
|
Shandong, China
|
276600
|
(Address of principal executive offices)
|
(Zip Code)
|
Registrants telephone number, including area code:
(86)
539-7317959
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 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 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 1.01. Entry into a Material Definitive Agreement
On
May 23, 2018, American Lorain Corporation (the
Company
) entered into a
Securities Purchase Agreement (the
Purchase Agreement
), pursuant to
which each of Yimin Jin, the Chief Strategy Officer and a director of the
Company, and Hongxiang Yu, a director of the Company, agreed to invest an
aggregate of $5.0 million in the Company (the
Financing
) in exchange
for 29,411,765 shares (the
Shares
) of the Companys common stock, par
value $0.001 per share, or an aggregate of $10.0 million in exchange for
58,823,530 Shares, representing a purchase price of $0.17 per Share. The
Purchase Agreement contains customary representations and warranties by the
Company and customary closing conditions. Pursuant to the rules of the NYSE
American, the consummation of the Financing is subject to the approval of the
non-interested members of the Companys audit committee. In addition, the
consummation of the Financing is conditioned upon the Companys obtaining the
approval of the Companys shareholders. If consummated, the Company expects to
use the proceeds of the Financing for general corporate purposes.
Item 3.02. Unregistered Sale of Equity Securities
The
information set forth in Item 1.01 above is hereby incorporated by reference
herein.
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 hereunto duly authorized.
Dated: May 23, 2018
AMERICAN LORAIN CORPORATION
|
By:
|
/s/ Si Chen
|
|
|
Name: Si Chen
|
|
|
Title: Chairman and Chief
Executive Officer
|
American Lorain Corp. (AMEX:ALN)
Historical Stock Chart
From Aug 2024 to Sep 2024
American Lorain Corp. (AMEX:ALN)
Historical Stock Chart
From Sep 2023 to Sep 2024