BTC Digital Ltd. Enters Material Definitive Agreement

TL;DR

BTC Digital Ltd. just signed a big deal, filing an 8-K on Sept 11 for an event on Sept 6.

AI Summary

On September 6, 2024, BTC Digital Ltd. entered into a material definitive agreement. The company, formerly known as Meten Holding Group Ltd. and Meten EdtechX Education Group Ltd., is based in Shenzhen, China, and operates in finance services.

Why It Matters

This filing indicates a significant new agreement for BTC Digital Ltd., which could impact its financial performance and strategic direction.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement can introduce new risks and opportunities that are not yet fully understood.

Key Players & Entities

• BTC Digital Ltd. (company) — Filer
• September 6, 2024 (date) — Date of earliest event reported
• September 11, 2024 (date) — Date of report
• Meten Holding Group Ltd. (company) — Former company name
• Meten EdtechX Education Group Ltd. (company) — Former company name
• 0001796514 (company) — Central Index Key

FAQ

Key Financial Figures

• $0.06 — dinary shares of the Company, par value $0.06 per share (the "ordinary shares"), valu
• $1,050,400 — re (the "ordinary shares"), valued at US$1,050,400 (the "Total Consideration"). According

Filing Documents

• ea0214015-8k_btcdigi.htm (8-K) — 29KB
• ea021401501ex10-1_btcdigi.htm (EX-10.1) — 24KB
• 0001213900-24-077704.txt ( ) — 272KB
• btct-20240906.xsd (EX-101.SCH) — 4KB
• btct-20240906_def.xml (EX-101.DEF) — 26KB
• btct-20240906_lab.xml (EX-101.LAB) — 36KB
• btct-20240906_pre.xml (EX-101.PRE) — 25KB
• ea0214015-8k_btcdigi_htm.xml (XML) — 5KB

01 Entry into a Material Definitive

Item 1.01 Entry into a Material Definitive Agreement. As previously disclosed in its current report on Form 6-K dated December 22, 2021, Meten Holding Group Ltd. (now known as BTC Digital Ltd.) (the "Company") entered into a joint venture agreement (the "Joint Venture Agreement") with four individuals, pursuant to which all parties agreed to form a joint venture for the purpose of engaging in the business of researching, developing, manufacturing and selling cryptocurrency mining machines (the "Joint Venture"). The Company, through its wholly owned subsidiary, Met Chain Investment Holding Company Ltd., held 24.3% of the equity interests in the Joint Venture. On September 6, 2024, the Company entered into an equity transfer agreement with each of the four other equity holders of the Joint Venture. Based on the terms of the equity transfer agreement, a copy of which is attached hereto as exhibit 10.1, the Company will acquire a total of 5.23% of the equity interests in the Joint Venture from the four equity holders, through Met Chain Investment Holding Company Ltd., in consideration for such number of ordinary shares of the Company, par value $0.06 per share (the "ordinary shares"), valued at US$1,050,400 (the "Total Consideration"). According to the equity transfer agreement, the number of ordinary shares to be issued to the four equity holders shall be equal to the Total Consideration divided by the average trading price of the ordinary shares 90 trading days prior to the closing date of the transaction contemplated by the agreement. The full terms and conditions of the transaction are disclosed in Exhibit 10.1 of this report.

01 Financial Statement and Exhibits

Item 9.01 Financial Statement and Exhibits. Exhibit No. Description 10.1 Equity Transfer Agreement dated September 6, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BTC Digital Ltd. Date: September 11, 2024 By: /s/ Siguang Peng Siguang Peng Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR