Li Gangjiang Amends Baijiayun Group Ltd. Ownership Filing
Ticker: RTCJF · Form: SC 13D/A · Filed: Jul 23, 2024 · CIK: 1381074
| Field | Detail |
|---|---|
| Company | Baijiayun Group Ltd (RTCJF) |
| Form Type | SC 13D/A |
| Filed Date | Jul 23, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $2.59504, $504,700 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: BGYYF
TL;DR
Li Gangjiang updated his stake in Baijiayun Group Ltd. on 7/23/24.
AI Summary
On July 23, 2024, Li Gangjiang filed Amendment No. 2 to Schedule 13D for Baijiayun Group Ltd. This filing indicates a change in beneficial ownership of the 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
Changes in beneficial ownership filings like this can signal shifts in control or significant investment activity by major shareholders, potentially impacting the stock price.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D often indicate significant changes in a major shareholder's position, which can lead to increased volatility.
Key Players & Entities
- Li Gangjiang (person) — Filing person and potential beneficial owner
- Baijiayun Group Ltd (company) — Subject company
- Class A ordinary shares (security) — Securities subject to the filing
FAQ
What specific change in beneficial ownership is reported in this Amendment No. 2?
The filing is an amendment to a Schedule 13D and indicates a change in beneficial ownership, but the specific details of the change (e.g., number of shares, percentage) are not provided in the provided text.
Who is the filing person for this Schedule 13D/A?
The filing person is Li Gangjiang.
What is the CUSIP number for the securities involved?
The CUSIP number is G0704V202.
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.
When was this amendment filed with the SEC?
This amendment was filed on July 23, 2024.
Filing Stats: 1,968 words · 8 min read · ~7 pages · Grade level 12.7 · Accepted 2024-07-23 07:57:25
Key Financial Figures
- $2.59504 — Class A ordinary shares, par value US$2.59504 per share (Title of Class of Securiti
- $504,700 — ons for an aggregate of approximately US$504,700. The source of funds for such purchases
Filing Documents
- ea0209860-13da2li_baijiayun.htm (SC 13D/A) — 93KB
- 0001213900-24-063310.txt ( ) — 95KB
Source and Amount of Funds or Other Considerations
Item 3. Source and Amount of Funds or Other Considerations
of the Original Filings
Item 3 of the Original Filings is hereby amended and supplemented by adding the following at the end thereof: Between June 21, 2024 and July 19, 2024, Mr. Gangjiang Li purchased an aggregate of 117,000 Class A ordinary shares through brokered trading transactions for an aggregate of approximately US$504,700. 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 Filings
Item 4 of the Original Filings is hereby amended by adding the following at the end thereof: Between June 21, 2024 and July 19, 2024, Mr. Gangjiang Li purchased an aggregate of 117,000 Class A ordinary shares through brokered trading transactions for an aggregate of approximately US$504,700. The source of funds for such purchases is Mr. Gangjiang Li’s personal funds. 6 CUSIP No. G0704V202
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer
(a)-(b) of the Original Filings is hereby
Item 5(a)-(b) of the Original Filings 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. 2 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 June 21, 2024 and July 19, 2024, Mr. Gangjiang Li purchased an aggregate of 117,000 Class A ordinary shares through brokered trading transactions for an aggregate of approximately US$504,700. 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: July 23, 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/ Jane Lee Name: Jane Lee 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