Autozi Internet Technology Enters Securities Purchase Agreement
Ticker: AZI · Form: 6-K · Filed: Jan 31, 2025 · CIK: 1959726
| Field | Detail |
|---|---|
| Company | Autozi Internet Technology (Global) Ltd. (AZI) |
| Form Type | 6-K |
| Filed Date | Jan 31, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $27,500,000, $3,000,000, $4,000,000, $1,000, $917.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, foreign-issuer
TL;DR
Autozi Internet Tech inked a deal Jan 27th with an accredited investor. Details to follow.
AI Summary
On January 27, 2025, Autozi Internet Technology (Global) Ltd. entered into a securities purchase agreement with an accredited investor. This filing is a Form 6-K report for the month of January 2025, detailing the company's operations and material events.
Why It Matters
This agreement signifies a potential capital raise or strategic investment for Autozi Internet Technology, which could impact its future growth and operations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and unregistered sale of equity, which can introduce complexities and potential risks related to dilution or investor terms.
Key Players & Entities
- Autozi Internet Technology (Global) Ltd. (company) — Registrant
- January 27, 2025 (date) — Date of securities purchase agreement
- 001-42255 (company) — SEC File Number
FAQ
What is the nature of the securities purchase agreement entered into by Autozi Internet Technology?
The filing states that on January 27, 2025, Autozi Internet Technology (Global) Ltd. entered into a securities purchase agreement with an accredited investor.
What type of SEC filing is this report?
This is a Form 6-K report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
For which period is this Form 6-K report filed?
The report is filed for the month of January 2025.
What is the principal executive office address of Autozi Internet Technology?
The principal executive offices are located at Building B09, Intelligence Park No. 26 Yongtaizhuang North Road, Haidian District, Beijing, China.
Does Autozi Internet Technology file annual reports under Form 20-F or Form 40-F?
The company indicates it files annual reports under cover of Form 20-F.
Filing Stats: 1,333 words · 5 min read · ~4 pages · Grade level 14.1 · Accepted 2025-01-31 16:12:21
Key Financial Figures
- $27,500,000 — gate original principal amount of up to $27,500,000, which are convertible into Class A ord
- $3,000,000 — ertible note in the principal amount of $3,000,000 (the “ Initial Note ”) and
- $4,000,000 — pany in an original principal amount of $4,000,000 (each, an “ Incremental Note &rdq
- $1,000 — inal issue discount of 8.25%, with each $1,000 principal amount of Initial Note being
- $917.50 — g purchased at a price of approximately $917.50. The Initial Note bears interest at a r
- $0.1618 — ng day period, and (B) a floor price of $0.1618 per share, subject to adjustment as pro
- $0.25 — satisfied, including a VWAP of at least $0.25 for 15 consecutive Trading Days, an ave
- $350,000 — average daily trading volume exceeding $350,000 and an outstanding aggregate principal
- $1,250,000 — al value of the Notes that is less than $1,250,000. The Company may not issue a call notic
Filing Documents
- form6-k.htm (6-K) — 32KB
- ex4-1.htm (EX-4.1) — 340KB
- ex4-2.htm (EX-4.2) — 75KB
- ex10-1.htm (EX-10.1) — 359KB
- ex10-2.htm (EX-10.2) — 190KB
- ex99-1.htm (EX-99.1) — 13KB
- 0001493152-25-004424.txt ( ) — 1010KB
SIGNATURES
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, thereunto duly authorized. Date: January 31, 2025 Autozi Internet Technology (Global) Ltd. By: /s/ Houqi Zhang Name: Houqi Zhang Title: CEO and Chairman of the Board