Current Report Filing (8-k)
August 01 2022 - 4:33PM
Edgar (US Regulatory)
0001300734
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0001300734
2022-07-26
2022-07-26
iso4217:USD
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 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported) July 26, 2022
SHINECO,
INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-37776 |
|
52-2175898 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
Room
3310, North Tower, Zhengda Center,
No.
20, Jinhe East Road, Chaoyang District
Beijing,
People’s Republic of China |
|
100020 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (+86) 10-59246103
(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:
|
☐ |
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)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock |
|
SISI |
|
The
NASDAQ Stock Market LLC |
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. ☐
Item 3.02 Unregistered Sales of Equity
Securities.
As
previously reported on a Current Report on Form 8-K filed by Shineco, Inc. (the “Company”) with the Securities and Exchange
Commission on June 17, 2022, the Company and certain non-U.S. investors (the “Purchasers”) entered into a stock purchase
agreement (the “SPA”). Pursuant to the SPA, the Company agreed to sell and the Purchasers agreed to purchase severally and
not jointly, an aggregate of 2,354,500 shares of common stock of the Company (the “Shares”) at a price of $ 2.12 per share.
The
Company’s shareholders approved the offer and sale of the Shares at a meeting of the shareholders of the Company that was held
on July 21, 2022. The closing for the offer and sale of the Shares occurred on July 26, 2022 and the Company issued the Shares in exchange
for gross proceeds of $4,991,540.
Item
8.01. Other Events.
The
information set forth in Item 3.02 of this Current Report on Form 8-K is incorporated herein by reference into this Item 8.01 in its
entirety.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
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:
August 1, 2022
|
SHINECO,
INC. |
|
|
|
|
By: |
/s/
Jennifer Zhan |
|
Name: |
Jennifer
Zhan |
|
Title: |
Chief
Executive Officer |
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