HF Foods Group Inc. Signs Material Definitive Agreement
Ticker: HFFG · Form: 8-K · Filed: Nov 22, 2024 · CIK: 1680873
| Field | Detail |
|---|---|
| Company | Hf Foods Group Inc. (HFFG) |
| Form Type | 8-K |
| Filed Date | Nov 22, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, contract
TL;DR
HF Foods Group Inc. just signed a big deal, details TBD.
AI Summary
On November 21, 2024, HF Foods Group Inc. entered into a Material Definitive Agreement. The filing does not provide specific details about the agreement, its terms, or any involved parties beyond the registrant itself.
Why It Matters
This filing indicates a significant new contract or partnership for HF Foods Group Inc., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and potential impact of the agreement.
Key Players & Entities
- HF Foods Group Inc. (company) — Registrant
- November 21, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-38180 (identifier) — Commission File Number
- 81-2717873 (identifier) — IRS Employer Identification No.
- 6325 South Rainbow Boulevard, Suite 420 (address) — Principal executive offices
- Las Vegas, Nevada (location) — Principal executive offices location
- 89118 (zip_code) — Principal executive offices zip code
FAQ
What is the nature of the Material Definitive Agreement entered into by HF Foods Group Inc.?
The filing states that HF Foods Group Inc. entered into a Material Definitive Agreement on November 21, 2024, but does not provide specific details about the agreement's terms or subject matter.
Who are the other parties involved in this Material Definitive Agreement?
The filing does not specify the other parties involved in the Material Definitive Agreement.
What is the effective date of this Material Definitive Agreement?
The earliest event reported is November 21, 2024, which is the date of the report and the date of the earliest event reported, indicating the agreement was entered into on or before this date.
Does this filing provide any financial terms or value associated with the Material Definitive Agreement?
No, this filing does not disclose any specific financial terms or dollar amounts related to the Material Definitive Agreement.
What is the primary business of HF Foods Group Inc.?
HF Foods Group Inc. is in the wholesale groceries and related products industry, as indicated by its Standard Industrial Classification code [5140].
Filing Stats: 909 words · 4 min read · ~3 pages · Grade level 14.6 · Accepted 2024-11-21 18:36:01
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value HFFG Nasdaq Capital Market
Filing Documents
- hffg-20241121.htm (8-K) — 31KB
- cooperationagreement-ex101.htm (EX-10.1) — 97KB
- 0001680873-24-000067.txt ( ) — 312KB
- hffg-20241121.xsd (EX-101.SCH) — 2KB
- hffg-20241121_def.xml (EX-101.DEF) — 16KB
- hffg-20241121_lab.xml (EX-101.LAB) — 27KB
- hffg-20241121_pre.xml (EX-101.PRE) — 17KB
- hffg-20241121_htm.xml (XML) — 4KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. As previously reported, on May 11, 2023, HF Foods Group Inc. (the "Company") filed a complaint against certain stockholders of the Company in the United States District Court, District of Nevada (the "Court"), captioned HF FOODS GROUP INC. v. MAODONG XU; ZHOU MIN NI; FAI LAM, in his capacity as Trustee of THE IRREVOCABLE TRUST FOR RAYMOND NI; WEIHUI KWOK; and YUANYUAN WU, C.A. No. 2:23-cv00748 (the "Nevada Action"). The Nevada Action alleged, among other things, that certain shareholders of the Company were attempting to seize control of the Company in violation of the federal securities laws and conducting an illegal tender offer in violation of the Williams Act of 1968. On November 22, 2024, the Company announced that it had entered into a Cooperation Agreement (the "Cooperation Agreement") by and among the Company and Zhou Min Ni, Raymond Ni, Fai Lam, in his capacity as Trustee of the Irrevocable Trust for Raymond Ni, Amanda Ni, in her capacity as Trustee of each of the Irrevocable Trust for Amanda Ni, the Irrevocable Trust for Ivy Ni and the Irrevocable Trust for Tina Ni, Weihui Kwok, Yuanyuan Wu, and Maodong Xu (each, a "Stockholder Related Party," and collectively, the "Stockholder Related Parties"), effective November 21, 2024. Pursuant to the Cooperation Agreement, the Stockholder Related Parties have agreed, for the period beginning on the effective date of the Cooperation Agreement through the date that is sixty days after the 2025 annual meeting of stockholders of the Company (the "Cooperation Period"), to vote the shares of voting securities of the Company that each Stockholder Related Party has the right to vote, or to direct the vote of, in a manner proportional to the vote of the Company's disinterested stockholders. Notwithstanding the foregoing, the Stockholder Related Parties are permitted to vote a greater number of shares of the Company's voting securities in accordance with recommendat
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibits 10.1 Cooperation Agreement, dated as of November 18, 2024, by and among the Stockholder Related Parties and HF Foods Group, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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: November 22, 2024 /s/ Cindy Yao Cindy Yao Chief Financial Officer