8-K
filed January 10, 2023, 6:59 PM ET
ticker SVMB
CIK 0001647822
M&A
confidence high
sentiment neutral
materiality 0.80
Jingbo Technology, Inc. (SVMB): M&A transaction — Savmobi Technology completes reverse merger with Intellegence Parking Group, acquires smart parking business
Jingbo Technology, Inc.
- Savmobi Technology issued 1,000,000,000 shares to acquire 100% of Intellegence Parking Group on January 5, 2023.
- Intellegence shareholders now control a majority of SVMB common stock; transaction accounted for as recapitalization.
- Combined company will pursue smart parking operations via Intellegence's Any-e Park platform, with over 20 city projects and 4 million users.
- Zhang Guowei remains sole director of Intellegence; company ceases to be a shell company.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Zhang Guowei was appointed as Chief Executive Officer, Chief Financial Officer, and Director at Jingbo Technology, Inc..
- Action
- appointed
- Role
- Chief Executive Officer, Chief Financial Officer, and Director
Exact text from the filing
Also on January 5, 2023, Zhang Guowei was appointed as sole officer and a director of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chuchu Zhang was appointed as Director at Jingbo Technology, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Hongwei Li, Xiujuan Chen and Chuchu Zhang were appointed as directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chen Xinxin resigned as Sole Officer and Director at Jingbo Technology, Inc..
- Action
- resigned
- Role
- Sole Officer and Director
Exact text from the filing
On January 5, 2023, Chen Xinxin resigned as sole officer and director of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Hongwei Li was appointed as Director at Jingbo Technology, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Hongwei Li, Xiujuan Chen and Chuchu Zhang were appointed as directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Xiujuan Chen was appointed as Director at Jingbo Technology, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Hongwei Li, Xiujuan Chen and Chuchu Zhang were appointed as directors of the Company.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Jingbo Technology, Inc.: Company ceased to be a shell company as a result of the Share Exchange.
- Change
- shell status
Exact text from the filing
Prior to the Share Exchange, we were a “shell company” (as such term is defined in Rule 12b-2 under the Exchange Act). As a result of the Share Exchange, we have ceased to be a shell company.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Jingbo Technology, Inc. completed an acquisition involving Intellegence Parking Group Limited (closed 2023-01-05).
- Action
- acquisition
- Counterparty
- Intellegence Parking Group Limited
- Closing
- 2023-01-05
Exact text from the filing
As described in Item 1.01 above, on January 5, 2023, we acquired all the issued and outstanding shares of Intellegence pursuant to the Share Exchange Agreement and Intellegence became our wholly owned subsidiary.
View on SEC.gov
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