Infobird Enters Equity Acquisition Agreement
Ticker: IFBD · Form: 6-K · Filed: Dec 20, 2024 · CIK: 1815566
| Field | Detail |
|---|---|
| Company | Infobird Co., Ltd (IFBD) |
| Form Type | 6-K |
| Filed Date | Dec 20, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $19.8 million, $5,953,095, $0.4 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, agreement, filing-update
TL;DR
Infobird inks equity acquisition deal with One One Business Limited, filing update.
AI Summary
Infobird Co., Ltd. announced on December 20, 2024, that it has entered into an equity acquisition agreement with One One Business Limited. This agreement was previously disclosed in a Form 6-K filing on December 6, 2024. The company is a foreign private issuer filing a report under the Securities Exchange Act of 1934.
Why It Matters
This filing indicates a significant corporate action, potentially impacting Infobird's business structure and future growth through the acquisition of another entity.
Risk Assessment
Risk Level: medium — Equity acquisitions carry inherent risks related to integration, valuation, and future performance of the acquired entity.
Key Players & Entities
- Infobird Co., Ltd (company) — Registrant
- One One Business Limited (company) — Party to equity acquisition agreement
- December 20, 2024 (date) — Date of equity acquisition agreement
- December 6, 2024 (date) — Date of previous disclosure
- 001-40301 (other) — SEC File Number
FAQ
What is the nature of the equity acquisition agreement between Infobird Co., Ltd and One One Business Limited?
The filing states that Infobird Co., Ltd entered into an equity acquisition agreement with One One Business Limited, as previously disclosed on December 6, 2024.
When was the equity acquisition agreement entered into?
The equity acquisition agreement was entered into on December 20, 2024.
Has this agreement been previously disclosed?
Yes, the agreement was previously disclosed in a current report on Form 6-K filed on December 6, 2024.
What type of filing is this for Infobird Co., Ltd?
This is a Form 6-K report of a foreign private issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
What is Infobird Co., Ltd's principal executive office address?
Infobird Co., Ltd's principal executive offices are located at Room 706, 7/F, Low Block, Grand Millennium Plaza, 181 Queen’s Road Central, Central, Hong Kong.
Filing Stats: 520 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-12-20 17:00:37
Key Financial Figures
- $19.8 million — tion Agreement closed. The Company paid $19.8 million in cash and issued a senior convertible
- $5,953,095 — tible note in the principal amount of US$5,953,095 (the “Convertible Note”). T
- $0.4 — version Price shall not be lower than US$0.4. The issuances of the Convertible Note
Filing Documents
- e6228_6k.htm (6-K) — 15KB
- e6228_ex10-1.htm (EX-10.1) — 51KB
- 0001731122-24-002019.txt ( ) — 67KB
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibits Exhibit No. Description 10.1 Convertible Promissory Note dated December 20, 2024 2
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, thereunto duly authorized. INFOBIRD CO., LTD Date: December 20, 2024 By: /s/ Yiting Song Name: Yiting Song Title: Chief Financial Officer 3