NOCERA, INC. (NCRA): M&A transaction — Nocera acquires Chinese digital info co for 1.5M shares; enters Douyin live sales market

NOCERA, INC.

Acquired 100% of Zhe Jiang Xin Shui Hu Digital Information for 1.5M shares of NCRA common stock.
Xin Shui Hu operates Douyin (Chinese TikTok) live stream sales of seafood merchandise with chefs.
Acquisition is part of vertical integration into B2C market to improve pricing.
CEO Jeff Cheng targets 100 chefs and 100 Douyin accounts by end of 2023.

item 2.01 item 3.02 item 9.01 item 1.01 item 7.01

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. for 1,500,000 shares of the Company’s common stock (closed 2023-06-01).

Action: acquisition
Counterparty: Zhe Jiang Xin Shui Hu Digital Information, Ltd.
Consideration: 1,500,000 shares of the Company’s common stock
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, as amended (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 1,500,000 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”).

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Source: SEC EDGAR

accession 0001683168-23-003976

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