Current Report Filing (8-k)
March 03 2021 - 10:44AM
Edgar (US Regulatory)
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):
March 3, 2021
SINO-GLOBAL
SHIPPING AMERICA, LTD.
(Exact name of Registrant as specified in
charter)
Virginia
|
|
001-34024
|
|
11-3588546
|
(State or other jurisdiction
of Incorporation)
|
|
(Commission File No.)
|
|
(IRS Employer
Identification No.)
|
1044 Northern Boulevard, Suite 305
Roslyn, New York 11576-1514
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including
area code: (718) 888-1814
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, no par value
|
|
SINO
|
|
NASDAQ Capital Market
|
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
|
1.01 Entry into a Material
Definitive Agreement
|
On March 3, 2021, Sino-Global Shipping America, Ltd. (the “Company”)
entered into a purchase and entrusted management agreement (the “Agreement”) with Hebei Yanghuai Technology Co., Ltd.
(the “Seller”) to purchase 2,783 digital currency operation servers (the “Products”) for RMB 30 million
(approximately USD 4.6 million) from the Seller.
Under the terms of the Agreement, Sino-Global anticipates owning
2,783 units of Products, which consist of 449 units of model Love Core A1, 150 units of model Core Motion T2T, 500 units of Ant
S9, and 1,684 units of model Avalon 910/910S. After the transaction is completed, Yanghuai will manage and operate the Products
at Yanghuai’s site with no further charge for three years, after which time Sino-Global may engage Yanghuai to continue providing
service for a fee.
|
Item
|
7.01 Regulation FD Disclosure
|
On March 3, 2021, the Company issued a
press release announcing the Agreement. A copy of the press release is furnished as Exhibit 99.1 to this report.
|
Item
|
9.01. Financial Statements
and Exhibits.
|
(d) Exhibits.
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.
Date: March 3, 2021
|
SINO-GLOBAL SHIPPING AMERICA, LTD.
|
|
|
|
|
By:
|
/s/ Lei Cao
|
|
Name:
|
Lei Cao
|
|
Title:
|
Chief Executive Officer
|
Sino Global Shipping Ame... (NASDAQ:SINO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sino Global Shipping Ame... (NASDAQ:SINO)
Historical Stock Chart
From Sep 2023 to Sep 2024