Current Report Filing (8-k)
November 24 2021 - 5:21PM
Edgar (US Regulatory)
0000857949
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CN
0000857949
2021-11-23
2021-11-23
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): November 23, 2021
CHINA GREEN AGRICULTURE, INC.
(Exact name of Registrant as specified in charter)
Nevada
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001-34260
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36-3526027
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(State or other jurisdiction
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(Commission File No.)
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(IRS Employer
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of Incorporation)
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Identification No.)
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3rd floor, Borough A, Block A. No. 181, South Taibai
Road,
Xi’an, Shaanxi province, PRC 710065
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including
area code: (+86) 29-88231591
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:
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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17CFR230.425)
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☐
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Soliciting
material pursuant to Rule14a-12 under the Exchange Act (17CFR240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))
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Indicate by check mark whether the registrant
is an emerging growth company as defined in 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. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which
registered
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Common Stock
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CGA
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NYSE
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ITEM 1.01 Entry into a Material Definitive
Agreement.
On November 23, 2021 , China Green Agriculture,
Inc. (the “Company”) entered into a Share Purchase Agreement (the “SPA”) with certain non-US investors (the “Purchasers”),
giving them the right to purchase up to 13,142,857 shares of the Company’s common stock (“Issuable Shares”), par value
$0.001 per share, at the price of $15 per share in a transaction exempt from registration under the Securities Act of 1933, as amended
(the “Securities Act”), in reliance on an exemption provided by Rule 903 of Regulation S and/or Section 4(a)(2) of the Securities
Act. The aggregate purchase price for the Issuable Shares is up to $197,142,855.
The SPA 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 SPA has been previously disclosed as supplemental
disclosures to the Company’s Proxy Statement dated July 14, 2021. The transactions contemplated within the SPA have received approval
from a majority of the Company’s shareholders entitled to vote at the Company’s annual shareholder meeting (the “Meeting”)
dated August 30, 2021. At the same Meeting, two new candidates including Mr. Xiaolai Li, who is one of the Purchasers in the SPA, were
also elected to serve as directors on the Company’s board.
The SPA is filed as Exhibit 10.1 to this Current Report
on Form 8-K and such document is incorporated herein by reference. Portions of the SPA have been omitted as private information. The foregoing
is only a brief description of the material terms of the SPA, and it does not purport to be a complete description of the rights and obligations
of the parties thereunder and is qualified in its entirety by reference to such exhibits.
FORWARD-LOOKING STATEMENTS
This Form 8-K and other reports filed by Registrant
from time to time with the Securities and Exchange Commission (collectively, the “Filings”) contain or may contain forward-looking
statements and information that are based upon beliefs of, and information currently available to, Registrant’s management as well
as estimates and assumptions made by Registrant’s management. When used in the Filings the words “anticipate,” “believe,”
“estimate,” “expect,” “future,” “intend,” “plan” or the negative of these
terms and similar expressions as they relate to Registrant or Registrant’s management identify forward-looking statements. Such
statements reflect the current view of Registrant with respect to future events and are subject to risks, uncertainties, assumptions and
other factors relating to Registrant’s industry, Registrant’s operations and results of operations and any businesses that
may be acquired by Registrant. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove
incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.
Although Registrant believes that the expectations
reflected in the forward-looking statements are reasonable, Registrant cannot guarantee future results, levels of activity, performance
or achievements. Except as required by applicable law, including the securities laws of the United States, Registrant does not intend
to update any of the forward-looking statements to conform these statements to actual results.
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.
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CHINA GREEN AGRICULTURE, INC.
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By:
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/s/ Zhuoyu
Li
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Name:
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Zhuoyu Li
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Title:
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Chairman of the Board of Directors,
Chief Executive
Officer, and President
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Date:
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November 24, 2021
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3
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