secwatch.observer — SEC 8-K summary
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Issuer:     Tianci International, Inc. (CIIT)
CIK:        0001557798
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001683168-24-000386
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 3.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Tianci issues 8M shares to CEO's affiliate, giving it 66.2% control; also sells 445K shares to directors
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- On Jan 19, sold 445,109 shares at $1 each to five board members; partly to settle $220,909 loan from Zhigang Pei, partly for unpaid compensation.
- Issued 8,000,000 common shares to RQS Capital Ltd. upon conversion of 80,000 Series A Preferred shares.
- After conversion, RQS Capital (chaired by CEO Shufang Gao) holds 9.5M shares, or 66.2% of 14,348,590 total outstanding.
- Shares issued under private placement exemption (Section 4(a)(2) and Regulation S).
- No underwriter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1557798/000168316824000386/0001683168-24-000386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1557798/000168316824000386/tianci_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-000386

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