---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-22-001513"
form_type: "8-K"
ticker: null
cik: "0001623590"
company_name: "Fintech Scion Ltd"
filed_at: "2022-11-30T23:59:59+00:00"
generated_at: "2026-06-21T11:41:52.868411+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# HWGC Holdings closes acquisition of Fintech Scion, issues 101.7M shares, gaining control

## Summary
- Acquired all outstanding shares of Fintech Scion in exchange for 101,666,666 shares of HWGC common stock.
- Fintech becomes wholly owned subsidiary; offers payment gateway and eCommerce solutions.
- Change of control: Fintech shareholders own ~51.2% of HWGC on fully diluted basis.
- Company waived S-4 registration requirement; securities were unregistered in the transaction.
- Financial statements and pro forma information to be filed within 71 days.

## SEC filing metadata
- accession: 0001753926-22-001513
- form_type: 8-K
- cik: 0001623590
- company_name: Fintech Scion Ltd
- filed_at: 2022-11-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 3.02, 5.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1623590/000175392622001513/0001753926-22-001513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1623590/000175392622001513/g083280_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-22-001513
- JSON: https://secwatch.observer/filing/0001753926-22-001513.json
- Plain text: https://secwatch.observer/filing/0001753926-22-001513.txt

## Key facts
- M&A Transactions
  Fintech Scion Ltd completed an acquisition involving Fintech Scion Limited and the shareholders of Fintech for 101,666,666 shares of common stock (closed 2022-11-30).
  - Action: acquisition
  - Counterparty: Fintech Scion Limited and the shareholders of Fintech
  - Consideration: 101,666,666 shares of common stock
  - Closing: 2022-11-30
  source text: ”), the Company acquired all of the issued and outstanding ordinary shares of Fintech (the “ Fintech Shares ”) from the Fintech Shareholders in exchange for an aggregate of 101,666,666 shares of common stock of the Company (the “ Exchange Shares ”), with each Fintech Shareholder receiving a pro rata portion of the Exchange Shares based upon the total number
  evidence_url: https://www.sec.gov/Archives/edgar/data/1623590/000175392622001513/0001753926-22-001513-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.