---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-033251"
form_type: "8-K"
ticker: null
cik: "0001300734"
company_name: "SHINECO, INC."
filed_at: "2023-09-21T23:59:59+00:00"
generated_at: "2026-06-10T10:19:47.827218+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Shineco acquires 71.42% of Dream Partner for $2M cash, 10M shares, unit; Nasdaq extends bid compliance to Mar 2024

## Summary
- Closed acquisition of 71.42% equity in Dream Partner (silk maker via Wintus) on Sept 19, 2023.
- Consideration: $2M cash, 10M restricted shares (unregistered, exempt under Sec 4(a)(2)/Reg S), and 100% of Tenet-Jove subsidiary.
- Nasdaq granted 180-day extension until March 18, 2024, to regain $1 minimum bid; stock had not complied by Sept 18.
- Company intends to monitor bid price and may effect reverse stock split if needed; delisting risk remains if not cured by Mar 2024.

## SEC filing metadata
- accession: 0001493152-23-033251
- form_type: 8-K
- cik: 0001300734
- company_name: SHINECO, INC.
- filed_at: 2023-09-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 3.01, 3.02, 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1300734/000149315223033251/0001493152-23-033251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1300734/000149315223033251/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-033251
- JSON: https://secwatch.observer/filing/0001493152-23-033251.json
- Plain text: https://secwatch.observer/filing/0001493152-23-033251.txt

## Key facts
- Listing & Compliance Notices
  SHINECO, INC. received a nasdaq extension granted notice regarding minimum bid price.
  - Exchange: nasdaq
  - Notice: extension granted
  - Deficiency: minimum bid price
  source text: September 19, 2023, the Company received notice from Nasdaq indicating that, while the Company has not regained compliance with the minimum bid price requirement, staff of Nasdaq has determined that the Company is eligible for an additional 180-day period, or until March 18, 2024, to regain compliance. Staff’s determination was based on (i) the Company meeting the continued listing requirement for market value of our publicly held shares and all other applicable requirements for initial listing on the Capital Market, with the exception of the bid price requirement, and (ii) the Company’s writt
  evidence_url: https://www.sec.gov/Archives/edgar/data/1300734/000149315223033251/0001493152-23-033251-index.htm
- M&A Transactions
  SHINECO, INC. completed an acquisition involving Dream Partner Limited, Chongqing Wintus Group, and certain shareholders of Dream Partner for $2,000,000 cash, 10,000,000 shares of Common Stock, and 100% of the Company's equity interest in Beijing Tenet-Jove Technological Development Co., Ltd. (closed 2023-09-19).
  - Action: acquisition
  - Counterparty: Dream Partner Limited, Chongqing Wintus Group, and certain shareholders of Dream Partner
  - Consideration: $2,000,000 cash, 10,000,000 shares of Common Stock, and 100% of the Company's equity interest in Beijing Tenet-Jove Technological Development Co., Ltd.
  - Closing: 2023-09-19
  source text: together with Dream Partner and Wintus as the “Selling Parties”). As the consideration for the Acquisition, the Company (a) paid the Sellers an aggregate cash consideration of $2,000,000 (the “Cash Consideration”); (b) issued certain shareholders, as listed in the Agreement, an aggregate of 10,000,000 shares of the Company’s restricted Common Stock (the “Shares”);
  evidence_url: https://www.sec.gov/Archives/edgar/data/1300734/000149315223033251/0001493152-23-033251-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.