X3 Holdings Files 6-K on Material Agreement
Ticker: XTKG · Form: 6-K · Filed: Dec 13, 2024 · CIK: 1754323
| Field | Detail |
|---|---|
| Company | X3 Holdings Co., Ltd. (XTKG) |
| Form Type | 6-K |
| Filed Date | Dec 13, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1,500,000, $6,256,986.10, $0.1641, $0.10 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, sec-filing, foreign-private-issuer
TL;DR
X3 Holdings (formerly Powerbridge) filed a 6-K on Dec 13, 2024, referencing a material agreement previously disclosed in May.
AI Summary
X3 Holdings Co., Ltd. (formerly Powerbridge Technologies Co., Ltd.) filed a Form 6-K on December 13, 2024, referencing a material definitive agreement. This filing follows up on previous disclosures made on May 30, 2024, regarding the same agreement.
Why It Matters
This filing indicates ongoing developments related to a significant agreement, which could impact the company's future operations and financial performance.
Risk Assessment
Risk Level: medium — The filing references a material definitive agreement, the details of which are not fully disclosed in this summary, creating uncertainty about its impact.
Key Players & Entities
- X3 Holdings Co., Ltd. (company) — Filer of the 6-K
- Powerbridge Technologies Co., Ltd. (company) — Former name of X3 Holdings Co., Ltd.
- May 30, 2024 (date) — Date of previous disclosure
- December 13, 2024 (date) — Filing date of the current 6-K
FAQ
What is the nature of the material definitive agreement referenced in the filing?
The filing does not specify the nature of the material definitive agreement, only that it is being referenced and follows up on previous disclosures.
When was the previous disclosure regarding this agreement made?
The previous disclosure regarding this agreement was made on May 30, 2024.
What is the former name of X3 Holdings Co., Ltd.?
The former name of X3 Holdings Co., Ltd. was Powerbridge Technologies Co., Ltd.
What is the primary purpose of a Form 6-K filing?
A Form 6-K is used by foreign private issuers to report information that they have made or are required to make public in their home country, or that they have submitted or are required to submit to their home country's stock exchange.
Where is X3 Holdings Co., Ltd. principally located?
The company's principal executive office is located in Singapore.
Filing Stats: 419 words · 2 min read · ~1 pages · Grade level 10.4 · Accepted 2024-12-13 16:56:34
Key Financial Figures
- $1,500,000 — the Notes in the principal amount of US$1,500,000 was issued. As of the date hereof, ther
- $6,256,986.10 — ereof, there are an aggregate amount of $6,256,986.10 principal outstanding under the Notes.
- $0.1641 — ce under the Notes will be reduced from $0.1641to $0.10 per Ordinary Share, subject to
- $0.10 — he Notes will be reduced from $0.1641to $0.10 per Ordinary Share, subject to the adju
Filing Documents
- ea0224534-6k_x3hold.htm (6-K) — 12KB
- ea022453401ex99-1_x3hold.htm (EX-99.1) — 16KB
- 0001213900-24-108919.txt ( ) — 29KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED STATES 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: 001-38851 X3 HOLDINGS CO., LTD. Suite 412, Tower A, Tai Seng Exchange One Tai Seng Avenue Singapore 536464 (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 CONTENTS Entry into a Material Definitive Agreement Reference is made to the previous disclosures on Form 6-K of X3 Holdings Co., Ltd. (the “Company”) (the “Previous Disclosure”) filed with the Securities and Exchange Commission (the “SEC”) on May 30, 2024 in relation to, among others, entry into the SEPA with YA II PN, LTD. (the “Investor”). All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Previous Disclosure. Following the first closing on May 16, 2024, the second closing occurred on June 17, 2024, the date on which the second tranche of the Notes in the principal amount of US$1,500,000 was issued. As of the date hereof, there are an aggregate amount of $6,256,986.10 principal outstanding under the Notes. On December 5, 2024, the Company and the Investor entered into an omnibus amendment agreement (the “Amendment Agreement”) to the SEPA, the registration rights agreement, dated May 16, 2024, by and between the Investor and the Company, and the Notes. Pursuant to the Amendment Agreement, the Floor Price under the Notes will be reduced from $0.1641to $0.10 per Ordinary Share, subject to the adjustment to reflect any reverse stock split effectuated by the Company. The Amendment Agreement is filed as Exhibit 99.1 to this Current Report on Form 6-K. The foregoing is only a brief description of the material terms of the Amendment Agreement, and does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to such exhibit. 1 EXHIBIT INDEX Exhibit Description 99.1 Omnibus Amendment dated December 5, 2024 by and between the Company and the Investor 2 SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 13, 2024 X3 HOLDINGS CO., LTD. By: /s/ Stewart Lor Stewart Lor Chief Executive Officer 3