Visionary Holdings Inc. Signs MOU with Public Investment Fund

TL;DR

Visionary Holdings Inc. inked an MOU with Saudi Arabia's PIF, signaling potential major investment.

AI Summary

On September 2, 2024, Visionary Holdings Inc. entered into a Memorandum of Understanding (MOU) with the Public Investment Fund (PIF), a major global sovereign wealth fund. This agreement outlines potential future collaborations and investments between the two entities.

Why It Matters

This MOU signifies a potential strategic partnership with a significant global investor, which could lead to substantial future funding and growth opportunities for Visionary Holdings Inc.

Risk Assessment

Risk Level: medium — While an MOU is a positive step, it is non-binding and does not guarantee future investment or collaboration.

Key Players & Entities

• Visionary Holdings Inc. (company) — Registrant
• Public Investment Fund (PIF) (company) — Investor and signatory to MOU
• September 2, 2024 (date) — Date of MOU entry

FAQ

Key Financial Figures

• $120 million — U, the Investor is expected to make a US$120 million investment to support the development o

Filing Documents

• visionary_6k.htm (6-K) — 20KB
• 0001683168-24-006244.txt ( ) — 22KB

Forward Looking Statements

Forward Looking Statements This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the potential collaboration with the Investor, the likelihood of entering into a definitive agreement, and the expected benefits of the proposed transaction. These forward-looking statements reflect our current expectations and are based on information currently available to us and on assumptions we believe are reasonable. However, we can give no assurance that the plans or intentions will be realized or that a definitive agreement will be reached. The consummation of any transaction with the Investor is subject to various risks and uncertainties, including but not limited to the successful negotiation of final terms, the satisfaction of any closing conditions, regulatory approvals, and the ability of both parties to meet their respective obligations under any future agreement. Additionally, actual results may differ materially from those described in the forward-looking statements due to a variety of factors beyond our control, including but not limited to general economic conditions, market conditions, and unforeseen legal or regulatory hurdles. We caution investors not to place undue reliance on the forward-looking statements contained in this report. Except as required by law, we undertake no obligation to update or revise any forward-looking statements to reflect future events or circumstances. Information regarding the foregoing and additional risks are described in the Risk Factor sections of the prospectus supplement for the Public Offering to be filed with the SEC, and the documents incorporated by reference therein, including without limitation, those risks and uncertainties identified in the “Risk Factors” section of our Registration Statement on Form F-1 declared effective by the SEC on May 16, 2022, the accompanying prospectu

forward-looking statements to reflect future events or circumstances

forward-looking statements to reflect future events or circumstances. 3

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, thereto duly authorized. VISIONARY HOLDINGS INC. Date: September 6, 2024 By: /s/ Xiyong Hou Mr. Xiyong Hou Chief Executive Officer 4

View Full Filing

View this 6-K filing on SEC EDGAR