Fresh2 Group Ltd: M&A transaction — Fresh2 acquires Youfood Group in all-stock deal; transaction closed Jan 2, 2024

Fresh2 Group Ltd

Fresh2 issued 38,333,334 Class A ordinary shares to acquire 100% of Youfood Group.
Youfood is a B2C cross-border e-commerce food platform linking Asia and South America to North America.
Acquisition expected to expand customer base and enhance Fresh2's food supply chain ecosystem.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Fresh2 Group Ltd completed an acquisition involving Youfood Group Inc for 38,333,334 Class A ordinary shares (closed 2024-01-02).

Action: acquisition
Counterparty: Youfood Group Inc
Consideration: 38,333,334 Class A ordinary shares
Closing: 2024-01-02

Exact text from the filing

Lin and Shengren Yan (together with Xiaofan Lin, the “Sellers”), under which Fresh2 Technology agreed to purchase all the outstanding shares of Youfood in consideration for 38,333,334 Class A ordinary shares of the Company. This transaction closed on January 2, 2024. A copy of the Share Purchase Agreement is attached hereto as Exhibit 10.1 and incorporated

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Fresh2 Group Ltd entered into Share Purchase Agreement with Youfood Group Inc, Xiaofan Lin, Shengren Yan (effective 2023-12-10).

Action: entry
Agreement: asset purchase
Counterparty: Youfood Group Inc, Xiaofan Lin, Shengren Yan
Effective: 2023-12-10

Exact text from the filing

On December 10, 2023, Fresh2 Group Limited (the “Company”) and its subsidiary, Fresh2 Technology Inc (“Fresh2 Technology”), entered into a share purchase agreement with, Youfood Group Inc (“Youfood”), Xiaofan Lin and Shengren Yan (together with Xiaofan Lin, the “Sellers”), under which Fresh2 Technology agreed to purchase all the outstanding shares of Youfood in consideration for 38,333,334 Class A ordinary shares of the Company.

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Source: SEC EDGAR

accession 0001213900-24-007479

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