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Nocera, Inc. – ‘8-K’ for 9/26/22

On:  Thursday, 9/29/22, at 6:24pm ET   ·   As of:  9/30/22   ·   For:  9/26/22   ·   Accession #:  1683168-22-6683   ·   File #:  1-41434

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/30/22  Nocera, Inc.                      8-K:1,7,9   9/26/22   13:277K                                   GlobalOne Filings Inc/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     34K 
 2: EX-10.1     Variable Interest Entity Purchase Agreement         HTML     12K 
 3: EX-10.2     Farmers Vending Co. Ltd. Purchase Agreement         HTML     13K 
 4: EX-99.1     Press Release                                       HTML     13K 
 8: R1          Cover                                               HTML     49K 
11: XML         IDEA XML File -- Filing Summary                      XML     12K 
 9: XML         XBRL Instance -- nocera_8k_htm                       XML     16K 
10: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 6: EX-101.LAB  XBRL Labels -- ncra-20220926_lab                     XML     97K 
 7: EX-101.PRE  XBRL Presentations -- ncra-20220926_pre              XML     64K 
 5: EX-101.SCH  XBRL Schema -- ncra-20220926                         XSD     13K 
12: JSON        XBRL Instance as JSON Data -- MetaLinks               25±    33K 
13: ZIP         XBRL Zipped Folder -- 0001683168-22-006683-xbrl      Zip     26K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



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 i 0001756180  i false  i TW 0001756180 2022-09-26 2022-09-26 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM  i 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):  i September 26, 2022

 

 i NOCERA, INC.

(Exact name of registrant as specified in charter)

 

 i Nevada    i 000-55993    i 16-1626611

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

 i 3F (Building B), No. 185, Sec. 1, Datong Rd.,  i Xizhi Dist.,  i New Taipei City Taiwan  i 221, ROC

(Address of principal executive offices and zip code)

 

 i (886)  i 910-163-358

(Registrant’s telephone number, including area code)

 

N/A

(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 registrant under any of the following provisions:

 

 i  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 i  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 i  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 i  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: None 

 

Title of each class Trading Symbol Name of each exchange on which registered
 i Common Stock  i NCRA The  i Nasdaq Capital Market, LLC

 

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  i 

 

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.  i 

 

 C: 
 
 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

iTake Purchase Agreement

 

On September 26, 2022, Nocera, Inc., a Nevada corporation (the “Company”), entered into a Variable Interest Entity Purchase Agreement (the “iTake Purchase Agreement”) with iTake Inc., a Taiwan corporation (“iTake”). The iTake Purchase Agreement provides that, subject to the terms and conditions set forth in the iTake Purchase Agreement, the Company will purchase a 51% controlling interest in iTake (the “iTake Acquisition”).

 

Under the iTake Purchase Agreement, the Company will (i) make a payment of $200,000 to iTake (the “Cash Payment”) and (ii) issue 100,000 Class A warrants (together with the Cash Payment, the “Payment”), within 60 days of September 26, 2022 (November 25, 2022) in exchange for a 51% controlling interest in iTake. On the date that is 15 days after the date the Payment is completed, iTake will sign and deliver all necessary variable interest agreements to the Company to effectuate the iTake Acquisition, including, without limitation, a customary voting rights proxy agreement and power of attorney, exclusive call option agreement, and a legal opinion from iTake’s counsel.

 

The iTake Acquisition is expected to close on or around November 15, 2022.

 

A copy of the iTake Purchase Agreement is filed as Exhibit 10.1 to this Form 8-K and is incorporated by reference herein.

 

Farmers Vending Purchase Agreement

 

On September 26, 2022, Farmers Vending Machine Co. Ltd., a Taiwan corporation (“Farmers Vending”), entered into a Purchase Agreement (the “Farmers Vending Purchase Agreement”) with the Company. The Farmers Vending Purchase Agreement provides that, subject to the terms and conditions set forth in the Farmers Vending Purchase Agreement, Farmers Vending will purchase from the Company $1,000,000 worth of seafood, fruits and vegetables (the “Products”) every month to sell through Farmers Vending’s vending machine locations and fruit outlets.

 

The effective date of the Farmers Vending Purchase Agreement is October 1, 2022 and will have a term of one year. Each of the Products will be sold at the prevailing market price at a discounted rate of 30%. The Company will be responsible for the delivery of the Products to the designated locations and will bear all costs associated with delivery.

 

A copy of the Farmers Vending Purchase Agreement is filed as Exhibit 10.2 to this Form 8-K and is incorporated by reference herein.

 

Item 7.01 Regulation FD Disclosure.

 

On September 29, 2022, Nocera issued a press release announcing the iTake Purchase Agreement described under Item 1.01 of this Form 8-K. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

The disclosure under Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information provided herein shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No. Description
10.1 Variable Interest Entity Purchase Agreement dated as of September 26, 2022, by and between Nocera, Inc. and iTake Inc.
10.2 Farmers Vending Co. Ltd. Purchase Agreement dated as of September 26, 2022, by and between Farmers Vending Machine Co. Ltd. and Nocera, Inc.
99.1 Press release of Nocera, Inc., dated September 29, 2022

 

 

 

 C: 
  C: 1 

 

 

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.

 

 

  NOCERA, INC.
   
Date: September 30, 2022 By: /s/ Yin-Chieh Cheng
  Name: Yin-Chieh Cheng
  Title: President and Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 C: 
 2 
 C: 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
11/25/22
11/15/22
10/1/22
Filed as of:9/30/22
Filed on:9/29/22
For Period end:9/26/228-K
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/01/24  Nocera, Inc.                      10-K       12/31/23  107:7M                                     GlobalOne Filings Inc/FA
 9/06/23  Nocera, Inc.                      10-K/A     12/31/22  106:8.4M                                   GlobalOne Filings Inc/FA
 7/10/23  Nocera, Inc.                      10-K/A     12/31/22  103:6.4M                                   GlobalOne Filings Inc/FA
 3/31/23  Nocera, Inc.                      10-K       12/31/22   98:6.1M                                   GlobalOne Filings Inc/FA
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