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 August 2022
Commission file number: 001-40405
JIUZI HOLDINGS INC.
(Registrant’s name)
No.168 Qianjiang Nongchang Gengwen Road, 15th Floor
Economic and Technological Development Zone
Xiaoshan District, Hangzhou City
Zhejiang Province 310000
People’s Republic of China
(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): ☐
As previously disclosed on its current report on Form 6-K dated December 6, 2021, on December 2, 2021, Jiuzi Holdings Inc. (the “Company”) and YA II PN, Ltd. (“YA”) entered into a Securities Purchase Agreement, pursuant to which the Company issued to YA certain convertible debentures (“Convertible Debentures”) in the principal amount of up to $6,000,000. Concurrently, the Company and YA entered into a Registration Rights Agreement, pursuant to which YA is entitled to piggy-back registration rights if there is no effective registration statement covering the securities upon conversion of the Convertible Debentures.
On August 16, 2022, the Company and YA entered a waiver agreement(the “Waiver”), pursuant to which YA waives the Company’s restriction under Section 2(f) of the Registration Rights Agreement, in connection with the shell registration to be conducted by the Company. In exchange for the waiver, so long as the Convertible Debentures are still outstanding, the Company agrees to refrain from selling any securities under any shelf registration without YA’s prior written consent.
EXHIBIT INDEX
| * | Filed as an exhibit to the Registrants current report on Form 6-K filed on December 6, 2021, and hereby incorporated for reference. |
1
SIGNATURE
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, thereunto duly authorized.
| Date: August 30, 2022 | JIUZI HOLDINGS INC. | |
| By: | /s/ Shuibo Zhang | |
| Name: | Shuibo Zhang | |
| Title: | Chief Executive Officer and Director (Principal Executive Officer) | |
2
Exhibit 99.2
WAIVER
This Waiver, dated as of August 16, 2022 (the “Waiver”), is made by and between Jiuzi Holdings, Inc. (the “Company”) and YA II PN, Ltd. (“YA”), and together with the Company, the “Parties”). Capitalized terms used and not defined in this Waiver have the respective meanings assigned to them in the Securities Purchase Agreement (as defined below).
WHEREAS, the Parties entered into a Securities Purchase Agreement, dated December 2, 2021 (the “Securities Purchase Agreement”), pursuant to which the Company issued to YA certain convertible debentures (“Convertible Debentures”) in the principal amount of $5,000,000, which are convertible into the Company’s ordinary shares, par value $0.001 per share;
WHEREAS, in connection with the Securities Purchase Agreement, the Company entered into a registration rights agreement (the “Registration Rights Agreement”) with YA pursuant to which YA is entitled to piggy-back registration rights if there is no effective registration statement covering the securities upon conversion of the Convertible Debentures;
WHEREAS, the Company intends to file a shelf registration statement on Form F-3 (the “Shelf Registration”); and
WHEREAS, the Parties wish to enter into this agreement with regard to Section 2(f) of the Registration Rights Agreement.
NOW, THEREFORE, in consideration of the premises set forth above and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Waiver. YA hereby waives the Company’s obligation under Section 2(f) of the Registration Rights Agreement, in connection with the Shelf Registration to be conducted by the Company. In exchange for the waiver herein and so long as the Convertible Debentures are still outstanding, the Company agrees to refrain from selling any securities under the Shelf Registration without YA’s prior written consent.
2. Miscellaneous.
(a) This Waiver shall inure to the benefit of and be binding upon each of the Parties and each of their respective successors and assigns.
(b) This Waiver may be executed in counterparts, each of which is deemed an original, but all of which constitutes one and the same agreement. Delivery of an executed counterpart of this Waiver electronically or by facsimile shall be effective as delivery of an original executed counterpart of this Waiver.
(c) This Waiver constitutes the sole and entire agreement of the Parties with respect to the subject matter contained herein and supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to such subject matter. All other subject matters not contained herein shall be governed by the Securities Purchase Agreement.
IN WITNESS WHEREOF, the Parties have executed this Waiver on the date first written above.
| JIUZI HOLDINGS, INC. | ||
| By: | /s/ Shuibo Zhang | |
| Name: | Shuibo Zhang | |
| Title: | Chief Executive Officer | |
| YA II PN, LTD. | |||
| By: | Yorkville Advisors Global, LP | ||
| Its: | Investment Manager | ||
| By: | Yorkville Advisors Global II, LLC | ||
| Its: | General Partner | ||
| By: | /s/ Matt Beckman | |
| Name: | Matt Beckman | |
| Title: | Partner |