Report of Foreign Issuer (6-k)
December 12 2019 - 4:29PM
Edgar (US Regulatory)
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 December 2019
Commission File Number: 001-37871
Gridsum Holding Inc.
South Wing,
High Technology Building
No. 229 North 4th Ring Road
Haidian District, Beijing 100083
Peoples Republic of China
(86-10) 8261-9988
(Address, including zip code, and telephone number, including area code, of Registrants 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 ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
As previously reported, on May 5, 2018, Gridsum Holding Inc. (the Company)
issued to FutureX Innovation SPC (FutureX) a convertible note in the principal amount of US$40,000,000 due November 5, 2019 (the Note), and bearing interest at the rate of 2.80% per year. As of the date of this Form 6-K, the Company has not yet repaid the Note.
On December 9, 2019, FutureX served a statutory
demand on the Company, under which FutureX (i) claims that the Company owes, as of December 9, 2019, a total amount of US$41,913,498 under the Note (the Debt), (ii) demands that the Company pay the Debt or secure or compound
for it to FutureXs satisfaction, and (iii) states that if payment of the Debt is not made within 21 days of the date when the statutory demand was served on the Company, the Company will be deemed to be insolvent and a winding up petition
may be presented against the Company in accordance with applicable Cayman laws.
The Company is engaged in discussions to resolve its
obligations under the Note but there can be no assurance that any such resolution can be reached on a timely basis, or at all. In the event the Company is deemed insolvent there can be no assurance that the Companys ADRs will remain listed for
trading on The Nasdaq Stock Market.
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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, thereunto duly authorized.
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Gridsum Holding Inc.
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By:
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/s/ Ravi Sarathy
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Name:
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Ravi Sarathy
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Title:
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Chief Financial Officer
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Date: December 12, 2019
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