Form 8-K - Current report
August 22 2023 - 4:10PM
Edgar (US Regulatory)
0001631282
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0001631282
2023-08-17
2023-08-17
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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):
August 17, 2023
DATASEA INC.
(Exact Name of Registrant as Specified in its Charter)
Nevada |
|
001-38767 |
|
45-2019013 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
20th Floor, Tower B, Guorui Plaza
1 Ronghua South Road Technological Development
Zone,
Beijing, People’s Republic of China 100176
(Address of Principal Executive Offices)
Registrant’s telephone number, including
area code: (+86) 10-56145240
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, $0.001 par value |
|
DTSS |
|
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 disclosed on
a Current Report on Form 8-K filed on May 22, 2022, on May 16, 2023, Shuhai Information Technology Co., Ltd. (the “Buyer”,
a VIE and a consolidated affiliated entity of the Datasea Inc. (the “Company”)), entered into an Office Purchase Agreement
(the “Office Purchase Agreement”) with Fu Liu (the “Seller”), a member of the Board of Directors and a stockholder
of the Company. Pursuant to the Office Purchase Agreement, Buyer will purchase a 2,824.29 square meter office located in Fenggang Jingdong
Urban Science and Technology Financial Innovation Center Phase II Project, Building No. 4 Scientific Research Building, PRC (the “Property”).
The total purchase price is RMB73,431,540, equivalent to approximately $10,642,252, payable in 5,912,362 shares of common stock of the
Company (the “Consideration Shares”), at an issuance price of $1.80 per share. Pursuant to the requirements of Section 14(c)
of the Securities Exchange Act of 1934, the Company subsequently filed on July 7, 2023 a definitive information statement pertaining to
the issuance of the Consideration Shares and the approval thereof by holders of a majority of the Company’s voting capital stock
by written consent in lieu of a meeting. On July 28, 2023, the Consideration Shares, comprising 5,912,362 shares of common stock of the
Company, were issued to the Seller pursuant to the terms of the Office Purchase Agreement. Subsequent to such issuance, the Company had
a total of 33,696,495 shares of common stock issued and outstanding, and the Seller held 12,010,182 shares of common stock, constituting
approximately 35.64% of the total issued and outstanding common stock of the Company.
Due to certain transfer process
requirements in China, on August 17, 2023, the Company and the Seller have voluntarily rescinded the issuance of the 5,912,362 Consideration
Shares. The 5,912,362 Consideration Shares have been cancelled, and following such cancellation, as of August 18, 2023, the Company had
a total of 27,784,133 shares of common stock issued and outstanding. The issuance of the Consideration Shares to the Seller will be effected
at a later time once all transfer process requirements in China have been met.
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.
|
DATASEA INC. |
|
|
|
August 22, 2023 |
By: |
/s/ Zhixin Liu |
|
|
Name: |
Zhixin Liu |
|
|
Title: |
Chief Executive Officer |
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Aug. 17, 2023 |
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Document Period End Date |
Aug. 17, 2023
|
Entity File Number |
001-38767
|
Entity Registrant Name |
DATASEA INC.
|
Entity Central Index Key |
0001631282
|
Entity Tax Identification Number |
45-2019013
|
Entity Incorporation, State or Country Code |
NV
|
Entity Address, Address Line One |
20th Floor, Tower B, Guorui Plaza
|
Entity Address, Address Line Two |
1 Ronghua South Road Technological Development
Zone
|
Entity Address, City or Town |
Beijing
|
Entity Address, Country |
CN
|
Entity Address, Postal Zip Code |
100176
|
City Area Code |
+86
|
Local Phone Number |
10-56145240
|
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Title of 12(b) Security |
Common Stock, $0.001 par value
|
Trading Symbol |
DTSS
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Security Exchange Name |
NASDAQ
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