Baijiayun Group Ltd: Ownership Change Filing
Ticker: RTCJF · Form: SC 13D/A · Filed: May 14, 2024 · CIK: 1381074
| Field | Detail |
|---|---|
| Company | Baijiayun Group Ltd (RTCJF) |
| Form Type | SC 13D/A |
| Filed Date | May 14, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.519008, $496,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
TL;DR
Li Gangjiang updated ownership filing for Baijiayun Group Ltd. Watch for share movement.
AI Summary
On May 14, 2024, Li Gangjiang filed Amendment No. 1 to Schedule 13D for Baijiayun Group Ltd. This filing indicates a change in beneficial ownership of the company's Class A ordinary shares. The filing does not specify the exact number of shares or the percentage of ownership change, but it is an amendment to a previous filing.
Why It Matters
This filing signals a potential shift in control or significant stakeholding in Baijiayun Group Ltd, which could impact the company's stock performance and strategic direction.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can precede significant corporate actions or market shifts, introducing uncertainty.
Key Players & Entities
- Baijiayun Group Ltd (company) — Subject Company
- Li Gangjiang (person) — Filing Person
- Class A ordinary shares (security) — Title of Class of Securities
FAQ
What is the specific change in beneficial ownership being reported by Li Gangjiang?
The filing is an Amendment No. 1 to Schedule 13D and indicates a change in beneficial ownership, but the specific details of the change (number of shares, percentage) are not provided in the header information.
When was this amendment filed with the SEC?
This amendment was filed on May 14, 2024.
What is the CUSIP number for Baijiayun Group Ltd's Class A ordinary shares?
The CUSIP number is G0704V103.
What is the business address of Baijiayun Group Ltd?
The business address is 24F, A1 South Building, No. 32 Fengzhan Road, Yuhuatai District, Nanjing, 210000, The People's Republic of China.
Who is authorized to receive notices for this filing?
Gangjiang Li is the person authorized to receive notices, with a telephone number of +86-025-8222-1596.
Filing Stats: 1,935 words · 8 min read · ~6 pages · Grade level 12.7 · Accepted 2024-05-14 09:46:36
Key Financial Figures
- $0.519008 — Class A ordinary shares, par value US$0.519008 per share (Title of Class of Securiti
- $496,000 — ons for an aggregate of approximately US$496,000. The source of funds for such purchases
Filing Documents
- ea0206019-13da1li_baijiayun.htm (SC 13D/A) — 96KB
- 0001213900-24-042603.txt ( ) — 97KB
Source and Amount of Funds or Other Considerations
Item 3. Source and Amount of Funds or Other Considerations
of the Original
Item 3 of the Original Filing is hereby amended and supplemented by adding the following at the end thereof: Between May 6, 2024 and May 10, 2024, Mr. Gangjiang Li purchased an aggregate of 400,000 Class A ordinary shares through brokered trading transactions for an aggregate of approximately US$496,000. The source of funds for such purchases is Mr. Gangjiang Li’s personal funds.
Purpose of Transaction
Item 4. Purpose of Transaction
of the Original Filing is hereby amended
Item 4 of the Original Filing is hereby amended by adding the following at the end thereof: Between May 6, 2024 and May 10, 2024, Mr. Gangjiang Li purchased an aggregate of 400,000 Class A ordinary shares through brokered trading transactions for an aggregate of approximately US$496,000. The source of funds for such purchases is Mr. Gangjiang Li’s personal funds. 6 CUSIP No. G0704V103
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer
(a)-(b) of the Original Filing is hereby
Item 5(a)-(b) of the Original Filing is hereby amended by replacing the first paragraph of Item 5(a)-(b) in its entirety as follows: (a)-(b) The responses of each Reporting Person to Rows (7) through (13) of the cover pages of this Amendment No. 1 are hereby incorporated by reference in this Item 5.
(c) of the Original Filing is hereby amended
Item 5(c) of the Original Filing is hereby amended and supplemented as follows: Between May 6, 2024 and May 10, 2024, Mr. Gangjiang Li purchased an aggregate of 400,000 Class A ordinary shares through brokered trading transactions for an aggregate of approximately US$496,000. The source of funds for such purchases is Mr. Gangjiang Li’s personal funds. Item 7. Material to be Filed as Exhibits. Exhibit No. Description 1* Joint Filing Agreement dated as of April 2, 2024 2 Agreement and Plan of Merger by and among Fuwei Films (Holdings) Co., Ltd. and Baijiayun Limited dated July 18, 2022 (incorporated herein by reference to Exhibit 4.1 to the transition report on Form 20-F filed by the Issuer on January 20, 2023) 3 Acting-in-concert Agreement by and among Gangjiang Li, Jia Jia BaiJiaYun Ltd, Yi Ma and Nuan Nuan Ltd dated December 23, 2022 (incorporated herein by reference to Exhibit 3.1 to the transition report on Form 20-F filed by the Issuer on January 20, 2023) * Previously filed on April 2, 2024. 7 SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: May 14, 2024 Gangjiang Li By: /s/ Gangjiang Li Jia Jia BaiJiaYun Ltd By: /s/ Gangjiang Li Name: Gangjiang Li Title: Director For and on behalf of Anlaguna Limited, as the sole director of Jia Jia JP Limited By: /s/ Cheryl Soh Name: Cheryl Soh Title: Authorized Signatory For and on behalf of Anlaguna Limited, as the sole director of Jia Jia JP Limited By: /s/ Carrie Tan Name: Carrie Tan Title: Authorized Signatory Jia Jia Ltd By: /s/ Gangjiang Li Name: Gangjiang Li Title: Director 8