Datasea Inc. (NYSE:CTL) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On November 20, 2016, Datasea Inc., a Nevada corporation (the
Company), conducted the closing of a private placement
transaction to subscription agreements (the Subscription
Agreements) with a total of 15 investors (the Investors), all of
whom are non-U.S. persons (as defined in Regulation S (Regulation
S) promulgated under the Securities Act of 1933, as amended (the
Securities Act)). The Investors are all individuals residing in
the Peoples Republic of China.
to the Subscription Agreements, the Company has issued and sold
to the Investors, and the Investors have purchased from the
Company, an aggregate of 260,000 shares (the Shares) of common
stock, par value $0.001 per share, of the Company, for a purchase
price of $1.38 per share, for total cash proceeds of $358,800. to
the Subscription Agreements, the Company has no obligation to
register the Shares for resale under the Securities Act.
The description contained herein of the terms of the Subscription
Agreements does not purport to be complete and is qualified in
its entirety by reference to the Form of Subscription Agreement,
a copy of which is filed as Exhibit 10.1 and incorporated by
reference herein.
Item 3.02 Unregistered Sale of Equity
Securities.
Disclosures made under Item 1.01 of this Current Report on Form
8-K are incorporated herein by reference.
The Shares were offered and sold in reliance upon Regulation S of
the Securities Act and are exempt from the registration
requirements of the Securities Act. The Shares have not been
registered under the Securities Act or any other applicable
securities laws and, unless so registered, may not be offered or
sold in the United States except to an exemption from the
registration requirements of the Securities Act. The Investors
have acknowledged that the Shares issued have not been registered
under the Securities Act.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. |
Description |
| 10.1 |
Form of Subscription Agreement (incorporated by reference to Exhibit 10.1 to the Companys Quarterly Report on Form 10-Q for the period ended March 31, 2016). |
|
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About Datasea Inc. (NYSE:CTL)
CenturyLink, Inc. is a United States-based integrated communications company, which is engaged in providing a range of communications services to its residential and business customers. The Company operates through two segments: Business, which includes provision of strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and Consumer, which includes provision of strategic and legacy products and services to residential customers. The Business segment includes strategic products and services, such as Ethernet, colocation, hosting and broadband; legacy services, such as local and long-distance voice, and data integration offerings, which include sale of telecommunications equipment located on customers’ premises. The Consumer segment includes strategic products and services, such as broadband and video, and legacy services, such as local and long-distance voice. Datasea Inc. (NYSE:CTL) Recent Trading Information
Datasea Inc. (NYSE:CTL) closed its last trading session up +0.26 at 24.66 with 8,863,134 shares trading hands.