Current Report Filing (8-k)
June 01 2017 - 5:05PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES
EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported):
June 1, 2017 (May 31, 2017)
CBAK ENERGY TECHNOLOGY,
INC.
(Exact name of registrant as specified in its
charter)
Nevada
|
001-32898
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86-0442833
|
(State or other jurisdiction
|
(Commission File No.)
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(IRS Employer
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of incorporation)
|
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Identification No.)
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BAK Industrial Park, Meigui Street
Huayuankou
Economic Zone
Dalian, China, 116450
(Address, including zip code, of principal executive
offices)
(86)(411)-3918-5985
(Registrants telephone
number, including area code)
(Former name or former address, if changed since last
report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to
Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c)) Indicate by check
mark whether the registrant is an emerging growth company as defined in Rule 405
of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b -2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to
Section 13(a) of the Exchange Act. [ ]
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On May 31, 2017, CBAK Energy Technology, Inc. (the Company)
entered into a securities purchase agreement (the "Securities Purchase
Agreement") with certain investors, pursuant to which, the Company agreed to
issue an aggregate of 6,403,518 shares of common stock, par value $0.001 per
share of the Company (the Shares) to the investors, at a purchase price of
$1.50 per share, for an aggregate price of $9,605,277. The Securities Purchase
Agreement contains customary representations and warranties of the investors.
The investors do not have registration rights with respect to the Shares.
The foregoing description of the Securities Purchase Agreement
is qualified in its entirety by reference to the full text of the Securities
Purchase Agreement, a form of which is attached hereto as Exhibit 10.1, and is
incorporated herein by reference.
The issuance of the Shares to the investors was made in
reliance on the exemption provided by Section 4(a)(2) of the Securities Act of
1933, as amended (the "Act"), for the offer and sale of securities not involving
a public offering, and Regulation S promulgated thereunder. None of the Shares
have been registered under the Act and neither may be offered or sold in the
United States absent registration or an applicable exemption from registration
requirements. This current report on Form 8-K does not constitute an offer to
sell, or a solicitation of an offer to buy, any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in which such
offering would be unlawful
.
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
The information set forth in Item 1.01 above is incorporated by
reference herein.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
2
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.
CBAK ENERGY TECHNOLOGY, INC.
Date: June 1, 2017
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By:
/s/ Yunfei Li
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Yunfei Li
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Chief
Executive Officer
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