HF Foods Group Inc. Files 8-K
Ticker: HFFG · Form: 8-K · Filed: Jun 10, 2024 · CIK: 1680873
| Field | Detail |
|---|---|
| Company | Hf Foods Group Inc. (HFFG) |
| Form Type | 8-K |
| Filed Date | Jun 10, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $3.9 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, financial-statements, exhibits
TL;DR
HF Foods Group Inc. filed an 8-K on June 10th, reporting on June 6th events and financials.
AI Summary
HF Foods Group Inc. filed an 8-K on June 10, 2024, reporting an event on June 6, 2024. The filing is related to financial statements and exhibits, and other events. The company was formerly known as Atlantic Acquisition Corp. and Stars Acquisition Corp.
Why It Matters
This 8-K filing indicates that HF Foods Group Inc. is providing updated financial information or reporting significant events, which is crucial for investors to assess the company's current status.
Risk Assessment
Risk Level: low — This filing is a standard 8-K report for financial statements and exhibits, not indicating any immediate financial distress or significant negative events.
Key Players & Entities
- HF Foods Group Inc. (company) — Registrant
- Atlantic Acquisition Corp. (company) — Former Company Name
- Stars Acquisition Corp. (company) — Former Company Name
- June 6, 2024 (date) — Earliest event reported
- June 10, 2024 (date) — Date of report
FAQ
What specific financial statements or exhibits are being reported in this 8-K filing?
The filing indicates 'Financial Statements and Exhibits' as an item information, but the specific details of these documents are not provided in the provided text.
What were the 'Other Events' reported by HF Foods Group Inc. on June 6, 2024?
The provided text lists 'Other Events' as an item information but does not specify what those events were.
When did HF Foods Group Inc. change its name from Atlantic Acquisition Corp.?
The filing states the date of name change from Atlantic Acquisition Corp. was June 9, 2017.
What is the principal executive office address for HF Foods Group Inc.?
The principal executive offices are located at 6325 South Rainbow Boulevard, Suite 420, Las Vegas, Nevada 89118.
What is the IRS Employer Identification Number for HF Foods Group Inc.?
The IRS Employer Identification Number for HF Foods Group Inc. is 81-2717873.
Filing Stats: 734 words · 3 min read · ~2 pages · Grade level 13.4 · Accepted 2024-06-10 08:29:35
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value HFFG Nasdaq Capital Market
- $3.9 million — payment of a civil monetary penalty of $3.9 million. The Order states that, in determinin
Filing Documents
- hffg-20240606.htm (8-K) — 29KB
- exhibit991-pressreleaseset.htm (EX-99.1) — 8KB
- 0001680873-24-000040.txt ( ) — 204KB
- hffg-20240606.xsd (EX-101.SCH) — 2KB
- hffg-20240606_def.xml (EX-101.DEF) — 16KB
- hffg-20240606_lab.xml (EX-101.LAB) — 27KB
- hffg-20240606_pre.xml (EX-101.PRE) — 17KB
- hffg-20240606_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. As previously disclosed, HF Foods Group Inc. (the "Company") has been responding to a formal, non-public investigation by the staff of the Securities and Exchange Commission (the "SEC") of allegations that the Company and/or its former executives violated the Securities Exchange Act of 1933, as amended (the "Securities Act") and Rule 10b-5 promulgated thereunder. On June 6, 2024 the SEC announced that it has accepted an Offer of Settlement recently submitted by the Company in order to resolve the matter in an administrative proceeding. Under the settlement, without admitting or denying the SEC's findings in this matter, the Company has consented to the entry of an administrative civil cease-and-desist order by the SEC (the "Order") with respect to violations of Sections 17(a) of the Securities Act, and of Sections 10(b), 13(a), 13(b)(2)(A), 13(b)(2)(B), and 14(a) of the Securities Exchange Act of 1934, as amended, and Rules 10b-5, 12b-20, 13a-1, 13a-11, 13a-13, 13a-15(a), and 14a-9 thereunder, resulting from the materially false and misleading disclosures and other fraudulent conduct implemented by its former Chairman and CEO Zhou Min Ni and former CFO Jian Ming "Jonathan" Ni. The Company agreed to payment of a civil monetary penalty of $3.9 million. The Order states that, in determining to accept the Company's Offer of Settlement, the SEC considered the numerous remedial actions promptly undertaken by the Company and its cooperation during the investigation. The Company's resolution follows charges brought by the SEC against the two former executives in a District Court action filed on June 3, 2024. As a result of the SEC's district court complaint against them, the two former executives agreed to pay civil fines and disgorgement, and agreed to be subject to officer and director bars. Zhou Min Ni also agreed to a conduct-based injunction which enjoins him from directly or indirectly participating in the management of, or otherwise exer
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibits 99.1 Company press release dated June 10, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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. HF FOODS GROUP INC. Date: June 10, 2024 /s/ Cindy Yao Cindy Yao Chief Financial Officer