Wave Sync Corp. Terminates Material Agreement
| Field | Detail |
|---|---|
| Company | Wave Sync Corp. |
| Form Type | 8-K |
| Filed Date | Nov 19, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $4.00, $18,400,000, $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement-termination, financial-statements, corporate-actions
TL;DR
Wave Sync Corp. just terminated a major deal. Big changes coming?
AI Summary
Wave Sync Corp. filed an 8-K on November 19, 2025, to report the termination of a material definitive agreement. The filing also includes financial statements and exhibits. The company, formerly known as China Bio-Energy Corp., is incorporated in Delaware and headquartered in New York.
Why It Matters
The termination of a material definitive agreement can significantly impact a company's operations, financial standing, and future strategic direction.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement often signals significant business challenges or strategic shifts that could affect the company's future performance.
Key Numbers
- 001-34113 — Commission File Number (Identifies the company's filing with the SEC)
- 74-2559866 — IRS Employer Identification No. (Company's tax identification number)
Key Players & Entities
- Wave Sync Corp. (company) — Registrant
- November 19, 2025 (date) — Date of Report
- China Bio-Energy Corp. (company) — Former Company Name
- Delaware (jurisdiction) — State of Incorporation
- New York (location) — Business Address City
FAQ
What specific material definitive agreement was terminated by Wave Sync Corp.?
The filing does not specify the exact material definitive agreement that was terminated, only that such a termination occurred.
What are the implications of this termination for Wave Sync Corp.'s business operations?
The filing does not detail the specific implications, but the termination of a material agreement typically has significant operational and financial consequences.
When did the termination of the material definitive agreement become effective?
The earliest event reported is November 19, 2025, which is also the date of the report, suggesting the termination occurred on or around this date.
Does this 8-K filing include any updated financial statements for Wave Sync Corp.?
Yes, the filing explicitly states that it includes 'Financial Statements and Exhibits'.
What was Wave Sync Corp. previously known as?
Wave Sync Corp. was formerly known as China Bio-Energy Corp., China INSOnline Corp., and DEXTERITY SURGICAL INC.
Filing Stats: 880 words · 4 min read · ~3 pages · Grade level 12.3 · Accepted 2025-11-19 11:31:22
Key Financial Figures
- $0.001 — stock (the " Common Stock "), par value $0.001 per share, at an agreed price of $4.00
- $4.00 — $0.001 per share, at an agreed price of $4.00 per share of the Common Stock for a tot
- $18,400,000 — e Common Stock for a total valuation of $18,400,000 of CFI (the " Transaction "). The SPA
- $100,000 — for liquidated damages in the amount of $100,000 in the event of a breach, the Company h
Filing Documents
- ea0266371-8k_wave.htm (8-K) — 28KB
- ea026637101ex10-1_wave.htm (EX-10.1) — 223KB
- 0001213900-25-112431.txt ( ) — 458KB
- ways-20251119.xsd (EX-101.SCH) — 3KB
- ways-20251119_lab.xml (EX-101.LAB) — 33KB
- ways-20251119_pre.xml (EX-101.PRE) — 22KB
- ea0266371-8k_wave_htm.xml (XML) — 3KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement On November 19, 2025, Wave Sync Corp. (the " Company ") entered into a Termination Agreement by and among Center Florence Holding LLC (the " Seller "), and Center Florence, Inc. (" CFI "), a wholly-owned subsidiary of the Seller (the " Termination Agreement ") to terminate the Share Purchase/Exchange Agreement (the " SPA ") dated November 18, 2021. As previously disclosed in a Form 8-K on November 19, 2021, the Company entered into the SPA with the Seller and CFI on November 18, 2021. Under the SPA, the Seller agreed that they will sell and transfer one hundred percent (100%) of its shares in CFI to the Company in exchange for four million six hundred thousand (4,600,000) shares (the " Exchange Shares ") of the Company's common stock (the " Common Stock "), par value $0.001 per share, at an agreed price of $4.00 per share of the Common Stock for a total valuation of $18,400,000 of CFI (the " Transaction "). The SPA provided that the transaction would close on December 1, 2021, or such other date as mutually agreed (" Closing "). As previously disclosed in a Form 8-K on December 3, 2021, the Company announced the Closing of the Transaction on December 1, 2021, and the Company issued the Exchange Shares to the Seller. Despite receipt of the Exchange Shares, the Seller failed to comply with its obligations under the SPA, specifically its failure to update the share registration record and ensure that all assets, including real property and titles, were properly transferred to reflect the Company as the beneficial owner of CFI. These failures constituted a breach of the SPA by CFI. Therefore, Closing of the Transaction did not occur because the Seller and CFI failed to fulfill certain closing conditions under the SPA. Since Closing did not occur, pursuant to the SPA, the Transaction could be terminated at any time prior to Closing unilaterally by either party. Due to the failure to fulfill the contractual obl
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit Number Description 10.1 Termination Agreement, dated November 19, 2025 by and among Wave Sync Corp., Center Florence Holding LLC and Center Florence, Inc. 104 Cover Page Interactive Data Fi3le (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized. November 19, 2025 WAVE SYNC CORP. By: /s/ Hong Chen Name: Hong Chen Title: Chief Executive Officer 2