XChange TEC.INC Signs Securities Purchase Agreement
Ticker: XHG · Form: 6-K · Filed: Sep 24, 2024 · CIK: 1769256
| Field | Detail |
|---|---|
| Company | Xchange Tec.Inc (XHG) |
| Form Type | 6-K |
| Filed Date | Sep 24, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $25,000,000, $0.0000001, $30,000, $0 |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement, financing
TL;DR
XChange TEC.INC inked a deal with VG Master Fund SPC on 9/24.
AI Summary
On September 24, 2024, XChange TEC.INC entered into a Securities Purchase Agreement with VG Master Fund SPC. The filing does not specify the dollar amounts or other key terms of this agreement.
Why It Matters
This agreement could impact the company's capital structure and future operations, depending on its terms.
Risk Assessment
Risk Level: medium — The filing is a 6-K, which typically contains limited information, and the specific terms of the agreement are not disclosed, creating uncertainty.
Key Players & Entities
- XChange TEC.INC (company) — Registrant
- VG Master Fund SPC (company) — Counterparty to the agreement
- September 24, 2024 (date) — Date of the agreement
FAQ
What is the effective date of the Securities Purchase Agreement?
The agreement was entered into on September 24, 2024.
Who is the other party to the Securities Purchase Agreement?
The other party is VG Master Fund SPC.
What is the filing type?
This is a Form 6-K, Report of Foreign Private Issuer.
What is the company's principal executive office address?
The address is Room 1610 No.801, Building 1, 1136 Xinzha Road JingAn District, Shanghai, 200041 People’s Republic of China.
Has XChange TEC.INC previously operated under other names?
Yes, the company was formerly known as FLJ Group Ltd and Q&K INTERNATIONAL GROUP Ltd.
Filing Stats: 1,164 words · 5 min read · ~4 pages · Grade level 14.6 · Accepted 2024-09-24 09:29:54
Key Financial Figures
- $25,000,000 — re VG to purchase up to an aggregate of $25,000,000 of the Company’s Class A Ordinary
- $0.0000001 — uo;s Class A Ordinary Shares, par value $0.0000001 per share (the “Class A Ordinary
- $30,000 — as the purchase amount is not less than $30,000 or the closing sale price of the ADSs o
- $0 — ate is not less than the floor price of $0.10, unless waived by VG. From and afte
Filing Documents
- ea0215305-6k_xchange.htm (6-K) — 21KB
- ea021530501ex5-1_xchange.htm (EX-5.1) — 30KB
- ea021530501ex5-2_xchange.htm (EX-5.2) — 19KB
- ea021530501ex10-1_xchange.htm (EX-10.1) — 134KB
- ea021530501ex23-1_xchange.htm (EX-23.1) — 4KB
- ea021530501ex23-2_xchange.htm (EX-23.2) — 3KB
- ea021530501ex99-1_xchange.htm (EX-99.1) — 5KB
- ex5-1_001.jpg (GRAPHIC) — 12KB
- ex23-1_001.jpg (GRAPHIC) — 6KB
- ex23-2_001.jpg (GRAPHIC) — 14KB
- 0001213900-24-081237.txt ( ) — 261KB
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. XChange TEC.INC By: /s/ Chengcai Qu Name: Chengcai Qu Title: Chairman of the Board of Directors, Chief Executive Officer, Chief Operating Officer and Vice President Date: September 24, 2024 4