Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
September 09 2022 - 8:01AM
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 September 2022
Commission
File Number: 001-39803
Meiwu
Technology Company Limited
(Translation
of registrant’s name into English)
1602,
Building C, Shenye Century Industrial Center
No.
743 Zhoushi Road, Bao’an District Shenzhen, People’s Republic of China
Telephone:
+86-755-85250400
(Address
of principal executive office)
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): ☐
Note:
Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report
to security holders.
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): ☐
Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that
the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on
which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to
be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the
subject of a Form 6-K submission or other Commission filing on EDGAR.
Entry
into Material Definitive Agreements
Closing
of Private Placement
As
disclosed on Meiwu Technology Company Limited’s (the “Company”) Form 6-K filed with the Securities and Exchange Commission
on April 29, 2022, the Company entered into certain securities purchase agreement on April 28, 2022 (the “SPA”) with five
“accredited investors” (the “Purchasers”) as defined in Rule 501(a) of Regulation D as promulgated under the
Securities Act of 1933, as amended (the “Securities Act”), pursuant to which the Company agreed to sell to such Purchasers
unsecured convertible notes with an aggregate principal amount of $5,500,000 (the “Notes”) and accompanying warrants (the
“Warrants”) to purchase an aggregate of 10,000,000 ordinary shares of the Company (the “Offering”). The Notes
bear an interest of 10% per annum and a maturity date of 18 months from the date of issuance. The Warrants will be exercisable immediately
upon the date of issuance, have an initial exercise price of $0.60 and expire twenty-four months from the date of issuance.
On
September 9, 2022 (Beijing Time), the Offering closed as all the conditions of the SPA have been satisfied and the Company issued the
Notes and Warrants to the Purchasers. The gross proceeds to the Company from the Offering was US$5 million.
Each
of the Notes include an original issue discount along with $4,000.00 for Purchasers’ fees, costs and other transaction expenses
incurred in connection with the purchase and sale of the Notes. The Company may prepay all or a portion of the Notes at any time by paying
120% of the outstanding balance elected for pre-payment. Each of the Purchasers can convert his or her Note at any time after the six-month
anniversary of the issuance date at a conversion price of the lower of (i) $0.50 or (ii) 80% of the lowest daily volume-weighted average
price in the 20 trading days prior to the date on which the conversion price is measured (the “Market Price”). In addition,
the Purchasers agreed that in any given calendar week (being from Sunday to Saturday of that week), the number of Ordinary Shares sold
by it in the open market will not be more than fifteen percent (15%) of the weekly trading volume for the Ordinary Shares during such
week.
The
Notes, the Ordinary Shares underlying the Notes, the Warrants, and Ordinary Shares issuable upon exercise of the Warrants, are exempt
from the registration requirements of the Securities Act, pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D.
The
proceeds of this Offering will be used for working capital and general corporate purposes.
The
SPA also contains customary representation and warranties of the Company and the Purchasers, indemnification obligations of the Company,
termination provisions, and other obligations and rights of the parties.
The
Form of the SPA, the form of the Note, the form of the Warrants are filed as Exhibits 10.1, 10.2 and 4.1 to this Current Report on Form
6-K, respectively; and such documents are incorporated herein by reference. The foregoing is only a brief description of the material
terms of the SPA, the Note, and the Warrants, and does not purport to be a complete description of the rights and obligations of the
parties thereunder and are qualified in their entirety by reference to such exhibits.
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.
|
Meiwu Technology Co. Ltd. |
|
|
|
|
By: |
/s/ Xinliang
Zhang |
|
|
Xinliang Zhang |
|
|
Chief Executive Officer |
|
|
|
Date: September 9, 2022 |
|
|
Meiwu Technology (NASDAQ:WNW)
Historical Stock Chart
From Jan 2025 to Feb 2025
Meiwu Technology (NASDAQ:WNW)
Historical Stock Chart
From Feb 2024 to Feb 2025