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): May 11, 2023
WeTrade Group Inc. |
(Exact name of Company as specified in charter) |
Wyoming | | 7374 | | N/A |
(State or other jurisdiction of incorporation or organization) | | (Primary Standard Industrial Classification Code Number) | | (I.R.S. Employer Identification Number) |
Room 101, Level 1 Building 8,
No. 18, Kechuang 10th Street,
Beijing Economic and Technological Development Zone
People’s Republic of China 100020
+86-135-011-76409
(Address, including zip code, and telephone number, including area code, of principal executive offices)
Wyoming Registered Agent
1621 Central Ave Cheyenne, Wyoming 82001
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company 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 1.02. Termination of a Material Definitive Agreement.
As previously disclosed in the current report on Form 8-K filed with the SEC on April 7, 2023, Wetrade Group Inc. (the “Company”) entered into those certain Securities Purchase Agreements (the “Securities Purchase Agreements”) with certain accredited investors (the “Purchasers”) on April 6, 2023 for a net proceed of up to $16,500,000 in consideration of the issuance of certain senior secured convertible notes and warrants.
On May 11, 2023, the Company received termination notices from the Purchasers due to the closing conditions had not been met pursuant to the Securities Purchase Agreements.
As a result, the Securities Purchase Agreements are terminated and shall have no further force and effect.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WeTrade Group Inc. | |
| | | |
Dated: May 16, 2023 | By: | /s/ Hechun Wei | |
| Name: | Hechun Wei | |
| Title: | Chief Executive Officer | |
