TOYO Co., Ltd Files Shell Company Report
Ticker: TOYWF · Form: 20-F · Filed: Jul 8, 2024 · CIK: 1985273
Sentiment: neutral
Topics: shell-company, 20-f, corporate-event
TL;DR
TOYO Co., Ltd just filed a 20-F, but it's a shell company report - big changes might be brewing.
AI Summary
TOYO Co., Ltd, incorporated in the Cayman Islands, filed a 20-F report on July 8, 2024. This filing is specifically a shell company report, indicating a change in status or a specific event requiring this designation as of July 1, 2024. The company's principal executive offices are located in Tokyo, Japan.
Why It Matters
This filing signals a potential change in TOYO Co., Ltd's corporate structure or operational status, which could impact investors and stakeholders.
Risk Assessment
Risk Level: medium — Shell company reports can indicate significant corporate events like acquisitions, reverse mergers, or dissolutions, introducing uncertainty.
Key Numbers
- 001-42153 — SEC File Number (Identifies the specific filing with the SEC.)
- 0001985273 — Central Index Key (Unique identifier for the company in the SEC's EDGAR system.)
Key Players & Entities
- TOYO Co., Ltd (company) — Registrant
- Cayman Islands (company) — Jurisdiction of incorporation
- July 1, 2024 (date) — Date of event requiring shell company report
- July 8, 2024 (date) — Filing date
- Tokyo, Japan (location) — Address of principal executive offices
FAQ
What specific event on July 1, 2024, triggered this shell company report for TOYO Co., Ltd?
The filing does not specify the exact event but states it is a 'SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934' and lists 'July 1, 2024' as the 'Date of event requiring this shell company report'.
What is the primary business of TOYO Co., Ltd?
The filing lists the Standard Industrial Classification as 'MISCELLANEOUS MANUFACTURING INDUSTRIES [3990]' and the organization name as '04 Manufacturing', suggesting a manufacturing focus.
Where are TOYO Co., Ltd's principal executive offices located?
The principal executive offices are located at Tennoz First Tower F5, 2-2-4 Higashi-shinagawa, Shinagawa-ku, Tokyo, Japan, 140-0002.
What is the fiscal year end for TOYO Co., Ltd?
The fiscal year end for TOYO Co., Ltd is December 31 (1231).
Is TOYO Co., Ltd a newly registered company or an existing one changing status?
The filing is a 'SHELL COMPANY REPORT', which typically indicates a change in status for an existing entity or a company formed for a specific purpose, rather than a standard annual report for ongoing operations.
Filing Stats: 4,346 words · 17 min read · ~14 pages · Grade level 14.1 · Accepted 2024-07-08 16:38:55
Key Financial Figures
- $0.0001 — registered Ordinary shares, par value $0.0001 per share TOYO The Nasdaq Stock Mar
- $50,000,000 — aggregate consideration of no less than $50,000,000 (the “SinCo Acquisition,” a
- $10.00 — defined below), at a purchase price of $10.00 per share, for an aggregate purchase pr
- $6,000,000 — are, for an aggregate purchase price of $6,000,000, and that the Company agrees to, condit
- $11.50 — A Ordinary Share at a purchase price of $11.50 per share (“BWAQ Warrant”),
Filing Documents
- ea0209001-20f_toyoco.htm (20-F) — 224KB
- ea020900101ex4-5_toyo.htm (EX-4.8) — 110KB
- ea020900101ex8-1_toyo.htm (EX-8.1) — 2KB
- ea020900101ex15-1_toyo.htm (EX-15.1) — 152KB
- ea020900101ex15-2_toyo.htm (EX-15.2) — 3KB
- ea020900101ex15-3_toyo.htm (EX-15.3) — 3KB
- image_001.jpg (GRAPHIC) — 20KB
- ex15-2_001.jpg (GRAPHIC) — 9KB
- ex15-3_001.jpg (GRAPHIC) — 9KB
- 0001213900-24-059842.txt ( ) — 548KB
financial statements have been filed as part of this Report. See Item 18 “Financial Statements.”
financial statements have been filed as part of this Report. See Item 18 “Financial Statements.” Legal Proceedings Legal or arbitration proceedings are described in the Form F-4 in the section titled “Information Related to PubCo — Legal Proceedings,” which is incorporated herein by reference. Dividend Policy The Company’s policy on dividend distributions is described in the Form F-4 in the section titled “Description of PubCo Securities—Ordinary Shares—Dividends,” which is incorporated herein by reference. ITEM 9. THE OFFER AND LISTING A. Offer and Listing Details Ordinary Shares are listed on Nasdaq under the symbol “TOYO.” Warrants are traded on the OTC Markets. Holders of Ordinary Shares and Warrants should obtain current market quotations for their securities. B. Plan of Distribution Not applicable. C. Markets Ordinary Shares are listed on Nasdaq under the symbol “TOYO.” Warrants are traded on the OTC Markets. D. Selling Shareholders Not applicable. E. Dilution Not applicable. F. Expenses of the Issue Not applicable. ITEM 10. ADDITIONAL INF