UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): March 18, 2021
SINO-GLOBAL
SHIPPING AMERICA, LTD.
(Exact
name of Registrant as specified in charter)
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Virginia
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001-34024
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11-3588546
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(State
or other jurisdiction
of Incorporation)
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(Commission
File No.)
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(IRS
Employer
Identification No.)
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1044
Northern Boulevard, Suite 305
Roslyn,
New York 11576-1514
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code: (718) 888-1814
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
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Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which
registered
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Common
Stock, no par value
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SINO
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NASDAQ
Capital Market
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On
March 18, 2021, Sino-Global Shipping America, Ltd. (the “Company”) announced it intends to launch a new exchange for
NFTs (non-fungible tokens) in collaboration with e-commerce public chain CyberMiles.
A
copy of the press release is filed as Exhibit 99.1 to this Form 8-K.
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Item
9.01.
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Financial
Statements and Exhibits.
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(d)
Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date:
March 18, 2021
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SINO-GLOBAL
SHIPPING AMERICA, LTD.
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By:
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/s/
Lei Cao
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Name:
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Lei
Cao
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Title:
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Chief
Executive Officer
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2
Exhibit 99.1
Sino-Global to Launch Highly-Secure NFT
Exchange with CyberMiles
ROSLYN, N.Y., March 18, 2021 –
Sino-Global Shipping America, Ltd. (NASDAQ: SINO) (“Sino-Global,” the “Company” or “We”) today announced
it will launch a new exchange for NFTs (non-fungible tokens) in collaboration with e-commerce public chain CyberMiles. The new
NFT exchange will serve as a highly-secure, robust platform for collectors, artists, musicians and investors to create, sell and
buy one of a kind, digital content represented as NFTs. The companies expect to officially launch their new NFT platform in July
2021, providing a critical link between the virtual blockchain world and the physical world.
Mr. Lei Cao, Chief Executive Officer of
Sino-Global, commented, “NFT is driving the next wave of cryptocurrency adoption, making it a natural extension of Sino-Global’s
ongoing diversification and recent investments in the rapidly growing cryptocurrency market. NFT has become one of the most important
basic application technologies in the process of social information digitization by enabling the monetization of digital products.
We believe NFT and the blockchain that provides the basic technology for it will have a profound and irreversible impact on the
transformation from the form of artwork circulation and the transformation of value concepts to the social identity, collaboration
and distribution system.”
Mr. Cao continued, “We will continue
to strategically invest in growth opportunities that will drive our success over the coming years, as markets, commerce and currencies
evolve to meet consumer demands, while working to further accelerate our growth through cooperations with proven partners, like
CyberMiles.”
NFT is a global asset system fundamentally
built on blockchain technology, ensuring ownership of digital products, scarcity and creative value. The first version of the protocol
ERC721 dates back to September 2017 and it became the first used in blockchain game scenarios. The Sino-Global/CyberMiles NFT platform
will be based on the CyberMiles team’s years of technical experience and the powerful, high-performance CyberMiles public chain.
The new NFT platform is designed to become a continuous optimization iteration, along with the development of NFT and blockchain,
into a symbiotic self-driving growth relationship.
About CyberMiles
CyberMiles is a high-performance innovative
public blockchain system. As a member of the blockchain that actively participates in the distributed economy and technological
ecology, it was the first to propose a high-performance commercial solution for the Ethereum public chain DPOS consensus. This
solution has been used for reference by blockchains initiated by Binance and Huobi. As early as 2018, it began to promote and support
NFT casting, circulation, and more. CyberMiles is also the first public blockchain to be used in the NFT-ization and auction of
artists’ works.
About Sino-Global Shipping America, Ltd. (NASDAQ: SINO)
Founded in the United States in 2001, Sino-Global
Shipping America, Ltd. has been diversifying into the fast growing cryptocurrency and NFT (non-fungible tokens) markets, while
continuing to support and grow its core shipping, chartering, logistics and related services business. Headquartered in New York,
Sino-Global has offices in Los Angeles, Mainland China, Australia, Canada and Hong Kong. Additional information about Sino-Global
can be found on the Company’s corporate website at www.sino-global.net.
Forward-Looking Statements
Certain statements made herein are “forward-looking
statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”,
“estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict
or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include SINO’s
estimated and future results of operations, business strategies, competitive position, industry environment and potential growth
opportunities. In addition, there is uncertainty about the spread of the COVID-19 virus and the impact it will have on SINO’s operations,
the demand for SINO’s products and services, global supply chains and economic activity in general. Moreover, the value of cryptocurrencies
may fluctuate significantly over time. These forward-looking statements reflect the current analysis of existing information and
are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements.
Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking
statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors.
Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Additional information concerning these
and other factors that may impact our expectations and projections will be found in our periodic filings with the SEC, including
our Annual Report on Form 10-K for the fiscal year ended June 30, 2020. SINO’s SEC filings are available publicly on the SEC’s
website at www.sec.gov. SINO disclaims any obligation to update the forward-looking statements, whether as a result of new information,
future events or otherwise.
For more information, please contact:
David
Pasquale
Global
IR Partners
New
York Office Phone: +1-914-337-8801
SINO@globalirpartners.com