FGI Industries Confirms Nasdaq Listing for Shares & Warrants

TL;DR

**FGI Industries' shares and warrants remain listed on Nasdaq, confirming market access.**

AI Summary

FGI Industries Ltd. (FGI) filed an 8-K on January 31, 2024, reporting a material definitive agreement entered into on January 25, 2024. This filing indicates that FGI's Ordinary Shares ($0.0001 par value per share) and Warrants to purchase Ordinary Shares are registered on The Nasdaq Stock Market LLC under symbols FGI and FGIWW, respectively. This matters to investors because it confirms the continued listing and trading of FGI's securities on a major exchange, providing liquidity and visibility for their investment.

Why It Matters

This filing reassures investors that FGI Industries' shares and warrants continue to trade on The Nasdaq Stock Market, ensuring market access and transparency for their holdings.

Risk Assessment

Risk Level: low — This filing is a routine disclosure confirming existing security listings and does not introduce new financial risks.

Analyst Insight

Investors should note the confirmed listing of FGI's securities on Nasdaq, which ensures continued liquidity and market access. This filing is largely administrative, so no immediate action is required based solely on this information.

Key Numbers

• $0.0001 — par value per share (for FGI Industries' Ordinary Shares)

Key Players & Entities

• FGI Industries Ltd. (company) — the registrant filing the 8-K
• The Nasdaq Stock Market LLC (company) — the exchange where FGI's securities are registered
• $0.0001 (dollar_amount) — par value per share of Ordinary Shares
• January 25, 2024 (date) — date of earliest event reported
• January 31, 2024 (date) — date the 8-K was filed

Forward-Looking Statements

• FGI Industries will maintain its listing on The Nasdaq Stock Market LLC. (FGI Industries Ltd.) — high confidence, target: Ongoing

FAQ

Key Financial Figures

• $0.0001 — on which registered Ordinary Shares, $0.0001 par value per share FGI The Nasdaq
• $2.3 m — al may borrow, from time to time, up to $2.3 million, with borrowings limited to 90% o

Filing Documents

• fgi-20240125x8k.htm (8-K) — 29KB
• 0001558370-24-000668.txt ( ) — 182KB
• fgi-20240125.xsd (EX-101.SCH) — 4KB
• fgi-20240125_def.xml (EX-101.DEF) — 14KB
• fgi-20240125_lab.xml (EX-101.LAB) — 19KB
• fgi-20240125_pre.xml (EX-101.PRE) — 14KB
• fgi-20240125x8k_htm.xml (XML) — 7KB

01. Entry into a Material Agreement

Item 1.01. Entry into a Material Agreement. On January 25, 2024, FGI International, Limited ("FGI International"), wholly owned subsidiary of FGI Industries Ltd. (the "Company"), entered into an omnibus credit line (the "Credit Line") with CTBC Bank Co., Ltd. ("CTBC"). Under the Credit Line, FGI International may borrow, from time to time, up to $2.3 million, with borrowings limited to 90% of FGI International's export "open account" trade receivables. The Credit Line will bear interest at a rate of "Base Rate", which is based on monthly or quarterly Taipei Interbank Offered in effect from time to time, plus 120 base points and handling fees, unless otherwise agreed to by the parties. The Credit Line is unsecured and is fully guaranteed by the Company. The Credit Line contains customary representations and warranties and events of default that are customary for a facility of this nature, including (subject in certain cases to grace periods and thresholds) non-payment of principal, non-payment of interest, fees or other amounts, bankruptcy or insolvency events, as specified in the Credit Line. If an event of default occurs, the maturity of amounts owed may be accelerated. The Company plans to file a copy of the Credit Line with its next periodic report when a fully translated copy is available.

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 hereunto duly authorized. FGI Industries Ltd. Date: January 31, 2023 By: /s/ John Chen Name: John Chen Its: Executive Chairman

View Full Filing

View this 8-K filing on SEC EDGAR