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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 6/11/21 CN Energy Group. Inc. 6-K 6/11/21 5:565K Toppan Merrill/FA |
Document/Exhibit Description Pages Size
1: 6-K Current, Quarterly or Annual Report by a Foreign HTML 14K
Issuer
2: EX-1.1 Underwriting Agreement or Conflict Minerals Report HTML 81K
3: EX-10.1 Material Contract HTML 189K
4: EX-10.2 Material Contract HTML 96K
5: EX-10.3 Material Contract HTML 28K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2021
Commission File Number: 001-39978
CN Energy Group. Inc.
Building 1-B, Room 303, No. 268 Shiniu Road
Liandu District, Lishui City, Zhejiang Province 323010
The PRC
+86-571-87555823
(Address of principal executive office)
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 x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
From June 8 to June 10, 2021, CN Energy Group. Inc., a British Virgin Islands company (the “Company”), entered into certain subscription agreements (the “Subscription Agreements”) with six investors (the “Purchasers”). Pursuant to the Subscription Agreements and in reliance on Rule 902 of Regulation S (“Regulation S”) promulgated under the Securities Act of 1933, as amended (the “Securities Act”), the Company agreed to sell and the Purchasers agreed to purchase an aggregate of 4,000,000 ordinary shares, no par value, of the Company (“Ordinary Shares”) at a price of $4.5 per share (the “Private Placement”). The Purchasers represented that they were not residents of the United States and were not “U.S. persons” as defined in Rule 902(k) of Regulation S and were not acquiring the Shares for the account or benefit of any U.S. person.
In connection with the Subscription Agreements, from June 8 to June 10, 2021, the Company also entered into certain Registration Rights Agreements (the “Registration Rights Agreements”) with the Purchasers. Pursuant to the Registration Rights Agreements, the Company agreed, among other things, on or prior to the Filing Date for the Initial Registration Statement, to prepare and file with the Securities and Exchange Commission a Registration Statement covering the resale of all of the Registrable Securities for an offering to be made on a continuous basis pursuant to Rule 415.
On June 11, 2021, the Company closed the Private Placement and received gross proceeds, before deducting the Placement Agent’s fees and other related offering expenses, of $18 million. The Ordinary Shares issued in the Private Placement are not subject to the registration requirements of the Securities Act, pursuant to Regulation S promulgated thereunder. The management of the Company will have sole and absolute discretion concerning the use of the proceeds from the Private Placement.
Network 1 Financial Securities, Inc. (the “Placement Agent”) acted as placement agent in the Private Placement, and the Company paid the Placement Agent a commission equal to 4% of the gross proceeds and 1% of the gross proceeds as non-accountable expenses, pursuant to a Placement Agency Agreement (the “Placement Agreement”) dated April 20, 2021. The commission and non-accountable expenses were paid out of an escrow account pursuant to an Escrow Agreement (the “Escrow Agreement”) entered into by and among the Company, the Placement Agent, and a certain escrow agent on April 20, 2021. The Company also paid the Placement Agent a commitment fee in the amount of $75,000 upon signing the Placement Agreement.
The capitalized terms used but not defined herein have the meanings ascribed to them in the Subscription Agreements, Registration Rights Agreements, Placement Agreement, and Escrow Agreement. The foregoing description of the Subscription Agreements, Registration Rights Agreements, Placement Agreement, and Escrow Agreement does not purport to be complete and is qualified in its entirety by reference to the full text. Copies of such agreements are attached hereto as Exhibit 10.1, Exhibit 10.2, Exhibit 1.1, and Exhibit 10.3, respectively, and are incorporated herein by reference.
C:
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.
| CN Energy Group. Inc. | ||
| Date: June 11, 2021 | By: | /s/ Kangbin Zheng |
| Name: | Kangbin Zheng | |
| Title: | Chief Executive Officer | |
C:
| This ‘6-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on / For Period end: | 6/11/21 | None on these Dates | ||
| 6/10/21 | ||||
| 4/20/21 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/15/22 CN Energy Group. Inc. 20-F 9/30/21 120:11M Toppan Merrill/FA2 10/13/21 CN Energy Group. Inc. F-1/A 6:2.6M Toppan Merrill/FA 9/10/21 CN Energy Group. Inc. F-1 8:2.7M Toppan Merrill/FA 6/30/21 CN Energy Group. Inc. DRS¶ 9/10/21 1:1.9M Toppan Merrill/FA |