Current Report Filing (8-k)
August 20 2018 - 6:46AM
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): August 17, 2018
SHARING
ECONOMY INTERNATIONAL INC.
(Exact
name of registrant as specified in Charter)
Nevada
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001-34591
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90-0648920
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File No.)
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(IRS
Employee
Identification
No.)
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No.
9 Yanyu Middle Road
Qianzhou
Village, Huishan District, Wuxi City
Jiangsu
Province, People’s Republic of China
(Address
of Principal Executive Offices)
(86)
51083397559
(Registrant’s
Telephone number)
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 (see General Instruction A.2. below):
☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-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. ☐
Item 1.01.
Entry into a Material Definitive Agreement.
On
August 17, 2018, Sharing Economy International, Inc. (the “Company”) wholly-owned subsidiary, Sharing Economy Investment
Limited (“SEIL”), entered into a Sale and Purchase Agreement (the “Agreement”) with the shareholder of
Gagfare Limited (“Gagfare”), to acquire 60% ownership of Gagfare. SEIL will acquire 60% of Gagfare for US$3.6 million,
which shall be satisfied by the allotment and issuance of 1,176,087 preferred shares of the Company at a price of $3.061 per share.
Gagfare is an online platform enabling travelers to search flights directly with over 500 airlines globally, allowing them to
get the best-value airfare for their desired flight and secure a confirmed booking. The foregoing description of the Agreement
does not purport to be complete and is qualified in its entirety by reference to the complete text of the Agreement, which is
incorporated herein by reference and attached hereto as Exhibit 10.1.
Item 3.02
Unregistered Sale of Equity Securities.
The
disclosure set forth in Item 1.01 is incorporated by reference into this Item 3.02. The shares to be issued in connection with
the transaction shall be issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as
amended (the “Securities Act”), pursuant Section 4(a)(2) of the Securities Act and Regulation S promulgated thereunder.
Item 9.01.
Financial Statements and 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:
August 20, 2018
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Sharing
Economy International Inc.
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By:
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/s/
Jianhua Wu
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Jianhua
Wu
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Chief
Executive Officer
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2
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