NOCERA, INC. (NCRA): M&A transaction — Nocera acquires Hangzhou SY Culture Media for 600k shares; enters Douyin livestreaming e-commerce

NOCERA, INC.

Acquired 100% of Hangzhou SY Culture Media, a Douyin livestreaming e-commerce company, for 600,000 unregistered Nocera shares.
SY Culture uses livestreaming with chef demos, cooking shows, and product recommendations to sell directly to consumers.
Nocera aims to leverage Douyin's 460M+ livestreaming e-commerce users to boost brand awareness and sales.
CEO Andy Jin says acquisition strengthens foothold in content creation and amplifies Nocera's reach in mainland China.

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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 Hangzhou SY Culture Media Co. Ltd. (closed 2024-04-14).

Action: acquisition
Counterparty: Hangzhou SY Culture Media Co. Ltd.
Closing: 2024-04-14

Exact text from the filing

On April 14, 2024, Gui Zhou Grand Smooth Technology Ltd. (“GZ GST”), a wholly owned subsidiary of Nocera, Inc. (the “Company”), entered into that certain Equity Purchase Agreement dated as of April 14, 2024 (the “Equity Purchase Agreement”), with Hangzhou SY Culture Media Co. Ltd. (“SY Culture”), pursuant to which GZ GST acquired all of the issued and outstanding equity securities of SY Culture from the stockholders of SY Culture (the “SY Culture Acquisition”) in exchange for the issuance of 600,000 unregistered shares of the Company’s common stock, par value $0.001 per share (“Common Stock”).

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Source: SEC EDGAR

accession 0001683168-24-002461

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