6-K 1 ea0227945-6k_mingzhu.htm REPORT OF FOREIGN PRIVATE ISSUER

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of January 2025

  

Mingzhu Logistics Holdings Limited

(Exact name of registrant as specified in its charter)

 

27F, Yantian Modern Industry Service Center
No. 3018 Shayan Road, Yantian District
Shenzhen, Guangdong, China 518081

(Address of principal executive offices)

 

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 ☐

 

 

 

 

 

Entry into Material Definitive Agreement

 

Private Placement

 

On January 15, 2025, the Company entered into certain securities purchase agreement (the “SPA”) with certain “non-U.S. Persons” (the “Purchasers”) as defined in Regulation S of the Securities Act of 1933, as amended (the “Securities Act”) pursuant to which the Company agreed to sell up to an aggregate of 120,000,000 restricted ordinary Share of the Company, par value $0.001 per share (“Share”), at a price of $0.4 per Share for an aggregate purchase price of approximately $48 million (the “Offering”). The net proceeds to the Company from such Offering shall be used by the Company for transforming the Company’s logistics operations through the implementation of an AI-driven system and for working capital and general corporate purposes.

 

The parties to the SPA have each made customary representations, warranties and covenants, including, among other things, (a) the Purchasers are “non-U.S. Persons” as defined in Regulation S and are acquiring the Shares for the purpose of investment, (b) the absence of any undisclosed material adverse effects, and (c) the absence of legal proceedings that affect the completion of the transaction contemplated by the SPA.

 

The closing of the Offering is subject to the completion or waiver of all of the closing conditions set forth in the SPA. 

 

The form of the SPA is furnished as Exhibit 99.1 to this Form 6-K and such document is incorporated herein by reference. The foregoing is only a brief description of the material terms of the SPA, 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.

 

Financial Statements and Exhibits.

 

Exhibit No.   Description
99.1   Form of Securities Purchase Agreement

 

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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.

 

  MINGZHU LOGISTICS HOLDINGS LIMITED
     
Date: January 17, 2025 By: /s/ Jinlong Yang
    Name:  Jinlong Yang
    Title: Chief Executive Officer

 

 

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