DDC Enterprise Ltd. Acquires Business via Subsidiary
Ticker: DDC · Form: 6-K · Filed: Jun 12, 2024 · CIK: 1808110
Sentiment: neutral
Topics: acquisition, asset-purchase
TL;DR
DDC Enterprise bought a business on June 6th, details TBD.
AI Summary
On June 6, 2024, DDC Enterprise Ltd., through its subsidiary DDC Omsom, Inc., entered into an Asset Purchase Agreement to acquire a business. The filing does not specify the name of the acquired business or the purchase price.
Why It Matters
This acquisition could expand DDC Enterprise Ltd.'s market presence or product offerings, potentially impacting its future revenue and growth.
Risk Assessment
Risk Level: medium — The lack of specific details regarding the acquired business and the purchase price introduces uncertainty about the strategic and financial implications of the transaction.
Key Players & Entities
- DDC Enterprise Ltd. (company) — Filer of the report and parent company
- DDC Omsom, Inc. (company) — Indirect, wholly owned subsidiary of DDC Enterprise Ltd. that acquired the business
- June 6, 2024 (date) — Date the Asset Purchase Agreement was entered into
FAQ
What is the name of the business acquired by DDC Omsom, Inc.?
The filing does not specify the name of the acquired business.
What was the purchase price for the acquired business?
The filing does not disclose the purchase price for the acquired business.
What is the effective date of the Asset Purchase Agreement?
The Asset Purchase Agreement was entered into on June 6, 2024.
Which subsidiary of DDC Enterprise Ltd. is making the acquisition?
DDC Omsom, Inc., an indirect, wholly owned subsidiary, is making the acquisition.
What type of agreement was entered into for the acquisition?
An Asset Purchase Agreement was entered into.
Filing Stats: 455 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-06-12 09:00:03
Key Financial Figures
- $800,000 — ns including bank debt of approximately $800,000; (ii) the Company provide working capit
- $3 million — ompany provide working capital of up to $3 million over the three-year period immediately
- $11.7 million — DC Omsom, to have an aggregate value of $11.7 million. Omsom, Inc.’s gross revenues for
- $3.7 million — c.’s gross revenues for 2023 were $3.7 million and its retail grocery revenues grew by
Filing Documents
- ea0207736-6k_ddcenter.htm (6-K) — 14KB
- ea020773601ex99-1_ddcenter.htm (EX-99.1) — 13KB
- 0001213900-24-051905.txt ( ) — 27KB
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. DDC Enterprise Limited. Date: June 12, 2024 By: /s/ Norma Ka Yin Chu Name: Norma Ka Yin Chu Title: Chief Executive Officer 2 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release Dated June 12, 2024 3