NOCERA, INC. (NCRA): M&A transaction — Nocera acquires Zhe Jiang Xin Shui Hu for 1.5M shares and 1M warrants to enter Douyin live sales market

NOCERA, INC.

Acquired 100% of XSH, a Chinese digital live-stream company selling seafood via Douyin, for 1.5M shares and 1M Class C warrants (exercise price $3.00, expiry June 2027).
XSH generates revenue from seafood sales, sponsorships, advertising, and fan tips; Nocera aims to vertical integrate into B2C seafood market.
CEO Jeff Cheng targets having 100 chefs and 100 Douyin accounts by end of 2023 to reach over 100 million fans.

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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

NOCERA, INC. completed an acquisition involving Zhe Jiang Xin Shui Hu Digital Information, Ltd. (closed 2023-06-01).

Action: acquisition
Counterparty: Zhe Jiang Xin Shui Hu Digital Information, Ltd.
Closing: 2023-06-01

Exact text from the filing

On June 1, 2023, Gui Zhou Grand Smooth Technology Ltd. (“GZ GST”), a wholly owned subsidiary of Nocera, Inc. (the “Company”), entered into that certain Share Purchase Agreement dated as of June 1, 2023 (the “Share Purchase Agreement”), with Zhe Jiang Xin Shui Hu Digital Information, Ltd. (“Zhe Jiang”), pursuant to which GZ GST acquired all of the issued and outstanding equity securities of Zhe Jiang from the stockholders of Zhe Jiang (the “Zhe Jiang Acquisition”) in exchange for the issuance of (i) 1,500,000 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”) and (ii) 1,000,000 Class C Warrants of the Company.

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5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

NOCERA, INC. filing history →

Source: SEC EDGAR

accession 0001683168-23-003954

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