secwatch.observer — SEC 8-K summary
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Issuer:     BRILLIANT N.E.V. CORP. (—)
CIK:        0001681769
Form:       8-K
Filed at:   2026-11-10T22:02:53+00:00
Accession:  0001520138-26-000470
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Origin Tea closes Reg S private placement: 290,000 shares at RMB 40, RMB 11.6M from 115 non-U.S. buyers
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- 115 offshore purchasers: 114 each subscribed 2,500 shares for RMB 100,000; one bought 5,000 shares for RMB 200,000; total 290,000 shares for RMB 11,600,000.
- Price fixed at RMB 40.00 per share; stated offering price US$6.00 per share under an authorized program of up to 500,000 shares.
- Funds were sent by Aug 31, 2026 to Hainan Baisha Yuanwu Yayun Tea Co., the indirect wholly owned PRC subsidiary acting as RMB collection agent; company accepted and closed Nov 4, 2026.
- Company must promptly prepare and file an S-1 resale registration statement for the shares and use commercially reasonable efforts to keep it effective.
- Shares are restricted Category 3 equity; Reg S distribution compliance period expected through May 4, 2027, and the agreement flags prior shell-company status and Rule 144(i) resale limits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681769/000152013826000470/0001520138-26-000470-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681769/000152013826000470/bnev-20261104.htm
  HTML page:      https://secwatch.observer/filing/0001520138-26-000470

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