UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2020

 

Commission File Number: 001-38851

 

POWERBRIDGE TECHNOLOGIES CO., LTD.

(Translation of Registrant's name into English)

 

1st Floor, Building D2, Southern Software Park

Tangjia Bay, Zhuhai, Guangdong 519080, China

Tel: +86-756-339-5666

(Address of Principal Executive Office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F Form 40-F

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

 

 

 

 

CONTENTS

 

Results of Annual Shareholder Meeting

 

On September 30, 2020, Powerbridge Technologies Co., Ltd. (the “Company”) held its 2020 special general meeting of shareholders (the “Meeting”). At the Meeting, our shareholders voted on three proposals, each of which is listed below and was described in more detail in our proxy statement for the Meeting, which was attached as Exhibit 99.1 to a Report of Foreign Private Issuer on Form 6-K (a “Form 6-K”) that we furnished to the Securities and Exchange Commission (the “SEC”) on September 8, 2020. That description is incorporated by reference herein.

 

Based on the presence in person or by proxy of the requisite quorum of our outstanding ordinary shares, par value $0.00166667 per share (the “Ordinary Shares”), at the Meeting, each of the following numbered proposals, which was presented for a vote at the Meeting, was approved by the requisite majority of our shareholders under the Company’s Memorandum and Articles of Association:

 

(1)

To consider and vote upon an ordinary resolution to increase the authorized share capital from “US$50,000 divided into 30,000,000 shares of a par value of US$0.00166667 each” to “US$500,000 divided into 300,000,000 shares of a par value of US$0.00166667 each” by the creation of an additional 270,000,000 shares of a par value of US$0.00166667 each.

 

(2)

To consider and vote upon a special resolution to approve the amended and restated Memorandum and Articles of Association.

 

(3) To approve the Company’s private placement of $50,000,000 of one-year unsecured and convertible note pursuant to certain securities purchase agreement to certain purchaser who is qualified as “non-U.S. Person” as defined in Regulation S of the Securities Act of 1933, as amended.

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: September 30, 2020

 

 
POWERBRIDGE TECHNOLOGIES CO., LTD.
     
  By: /s/ Stewart Lor
   

Stewart Lor

Chief Financial Officer