UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 17, 2024
ANKAM INC.
(Exact name of registrant as specified in its charter)
| NV | 333-255392 | 61-1900749 |
| (State or Other Jurisdiction | (Commission | (I.R.S. Employer |
| of Incorporation) | File Number) | Identification No.) |
Wang Wen Lung
5F., No. 97, Jingye 1st Rd., Zhongshan Dist., Taipei City 104, Taiwan (R.O.C.).
(Address of Principal Executive Offices) (Zip Code)
00000
+886-928486237
(Registrant’s telephone number, including area code)
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)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol (s) | Name of each exchange on which registered |
| None | None | None |
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 September 17, 2024, Ankam Inc. (the "Company") entered into a Memorandum of Understanding (the "MOU") with Hatcher Opportunities Limited Partnership Fund (the "Lender"), a limited partner fund registered in Hong Kong. Under the terms of the MOU, the Company intends to issue a convertible note (the "Convertible Note") to the Lender in the principal amount of $500,000.
Key Terms of the Proposed Convertible Note:
Principal Amount: US$ 500,000
Coupon: US$ 20,000
Conversion Price: US$ 8.00 per share of Ankam Inc.
Maturity Date: December 31, 2024
Number of Shares upon Conversion: 65,000 shares
The proposed Convertible Note can only be exercised by the Lender on the maturity date. If the Lender exercises this conversion right, the principal amount of the Convertible Note shall be waived upon conversion into shares of Ankam Inc. at the conversion price of $8.00 per share.
Purpose of the Financing
The proceeds from the anticipated issuance of the Convertible Note will be used for working capital and business development purpose.
Conclusion
The Company believes that this financing arrangement will provide it with the necessary capital to achieve its strategic objectives and enhance shareholder value.
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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 hereunto duly authorized.
Ankam Inc.
By: /s/ Wang Wen Lung
Wang Wen Lung
Title: President, Secretary, Treasurer, Director, Chief Executive Officer (Principal Executive Officer) and Chief Financial Officer (Principal Financial and Accounting Officer)
Date: September 19, 2024
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