Meiwu Technology Issues Convertible Notes

TL;DR

Meiwu Tech dropped a 6-K: issued convertible notes to investors. Watch for dilution.

AI Summary

Meiwu Technology Company Limited (MW), formerly Wunong Net Technology Co Ltd, filed a Form 6-K on January 3, 2025, for the month of December 2024. The filing disclosed the issuance of three convertible notes to unaffiliated investors. The company is incorporated in D8 and its fiscal year ends on December 31.

Why It Matters

The issuance of convertible notes can impact the company's capital structure and potentially dilute existing shareholders if converted into equity.

Risk Assessment

Risk Level: medium — Convertible notes can introduce financial leverage and potential dilution, requiring careful monitoring of the company's financial health and conversion terms.

Key Players & Entities

• Meiwu Technology Company Limited (company) — Registrant
• Wunong Net Technology Co Ltd (company) — Former company name
• Convertible notes (financial_instrument) — Instruments issued by the company

FAQ

Key Financial Figures

• $1,100,000 — principal amount of the three Notes is $1,100,000. The Notes will mature in eighteen (18)
• $1,392,966.66 — collectively, received an aggregate of $1,392,966.66 for all of the outstanding principal am

Filing Documents

• form6-k.htm (6-K) — 15KB
• 0001493152-25-000242.txt ( ) — 16KB

From the Filing

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2024 Commission File Number: 001-39803 Meiwu Technology Company Limited (Translation of registrant’s name into English) 1602, Building C, Shenye Century Industry No. 743 Zhoushi Road, Bao’an District Shenzhen, People’s Republic of China Telephone: +86-755-85250400 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Explanatory Note As previously disclosed, Meiwu Technology Company Limited (the “ Company ”) issued three convertible notes (the “ Notes ”) to three unaffiliated investors (the “ Investors ”) on June 4, 2024, pursuant to a certain note purchase agreement, dated May 17, 2024. The aggregate principal amount of the three Notes is $1,100,000. The Notes will mature in eighteen (18) months following the issuance date. On December 27, 2024, the Company has prepaid all the outstanding amount under the Notes in full to the Investors and received a payoff letter to confirm that the Investors, collectively, received an aggregate of $1,392,966.66 for all of the outstanding principal amount, the accrued interests and the pre-payment premium under the three Notes, and that all the Notes have been paid in full. The Company’s obligations and covenants under the note purchase agreement and the Notes were satisfied or otherwise terminated accordingly. SIGNATURE 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. Meiwu Technology Company Limited By: /s/ Changbin Xia Changbin Xia Chairman Date: January 3, 2025

View Full Filing

View this 6-K filing on SEC EDGAR