Cloud Alliance Inc. Amends BYND Cannasoft Stake Filing

TL;DR

Cloud Alliance Inc. updated its BYND Cannasoft filing, Zhifa Liu is the contact.

AI Summary

Cloud Alliance Inc. filed an amendment (No. 1) to its Schedule 13D on April 10, 2024, regarding its holdings in BYND CANNASOFT ENTERPRISES INC. The filing indicates a change in the reporting person's information, with Zhifa Liu listed as the contact person for Cloud Alliance Inc. at their Tysons Corner, VA address.

Why It Matters

This amendment signals a potential shift or update in the relationship and holdings between Cloud Alliance Inc. and BYND Cannasoft Enterprises Inc., which could impact investor perception.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings can indicate significant changes in a major shareholder's intentions or holdings, warranting investor attention.

Key Players & Entities

• Cloud Alliance Inc (company) — Reporting Person
• BYND CANNASOFT ENTERPRISES INC. (company) — Subject Company
• Zhifa Liu (person) — Contact Person for Cloud Alliance Inc.

FAQ

Filing Documents

• formsc13da.htm (SC 13D/A) — 52KB
• 0002018265-24-000004.txt ( ) — 54KB

Purpose of Transaction

Item 4. Purpose of Transaction

of Schedule 13D is hereby amended and restated as follows

Item 4 of Schedule 13D is hereby amended and restated as follows: The Reporting Persons acquired the securities described in Item 5 in the ordinary course of business for investment purposes because of their belief that the securities are undervalued and represent an attractive investment opportunity. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the outcome of any discussions referenced below, the Issuer's financial position and strategic direction, actions taken by management or the board of directors, price levels of the Common Shares, other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate, including, without limitation, purchasing additional Common Shares or selling some or all of their Common Shares, engaging in short selling of or any hedging or similar transactions with respect to the Common Shares and/or otherwise changing their intention with respect to any and all matters referred to in the Special Instructions for Complying with Schedule 13D in general and Item 4 in particular. The Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or additional proposals with respect to their investment in the Common Shares. In addition, the Reporting Persons may engage in discussions with management or other shareholders of the Issuer and other relevant parties, including representatives of any of the foregoing, concerning the Reporting Persons' investment in the Common Shares and the Issuer, including, without limitation, matters concerning the Issuer's business, operations, technology developments, board appointments, governance, performance, mana

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer

of Schedule 13D is hereby amended and restated as follows

Item 5 of Schedule 13D is hereby amended and restated as follows: (a) See rows (11) and (13) of the cover pages to this Amendment No. 1 for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by each of the Reporting Persons. On April, 8, 2024, the Issuer reported in its Form 6-K filed with the SEC an aggregate number of 7,768,392 Common Shares issued and outstanding. As a result, the percentage of class represented by the aggregate number of 1,127,000 Common Shares beneficially owned by the Reporting Persons has decreased by more than one percent to 14.51%. (b) Cloud Alliance Inc: (1) Sole Voting Power: 675,000 (2) Shared Voting Power: 0 (3) Sole Dispositive Power: 675,000 (4) Shared Dispositive Power: 0 CUSIP No. 05608P109 13D/A Page 4 of 5 Pages Zhifa Liu: (1) Sole Voting Power: 452,000 (2) Shared Voting Power: 0 (3) Sole Dispositive Power: 452,000 (4) Shared Dispositive Power: 0 Yang Li: (1) Sole Voting Power: 0 (2) Shared Voting Power: 0 (3) Sole Dispositive Power: 0 (4) Shared Dispositive Power: 0 (c) Except as described in the Schedule 13D, during the past 60 days none of the Reporting Persons or Covered Person has effected any transactions in the Common Shares. (d) Not applicable. (e) Not applicable. CUSIP No. 05608P109 13D/A Page 5 of 5 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. CLOUD ALLIANCE INC. /s/ Zhifa Liu Name Chief Executive Officer Title 2024-04-10 Insert Date ZHIFA LIU /s/ Zhifa Liu Name Title 2024-04-10 Date

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View this SC 13D/A filing on SEC EDGAR