Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
05 Janvier 2023 - 10:31PM
Edgar (US Regulatory)
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 December 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): ☐
Entry into a Material Definitive Agreement
As previously reported, on December 2, 2021, Jiuzi
Holdings Inc. (the “Company”) entered into a securities purchase agreement with an accredited investor (the “Debenture
Holder”) to place Convertible Debentures (the “Debentures,” each, a “Debenture”) in the aggregate principal
amount of $5,000,000. As of December 30, 2022 (the “Maturity Date”), the outstanding balance under the Debentured was $1,300,000
of principal, plus accrued and unpaid interest thereon, and were due for payment.
The Company and the Debenture Holder agreed to
an extension (the “Extension”) that extends the Maturity Date to June 30, 2023, pursuant to which the Company shall repay
the outstanding balance in cash through monthly payments beginning on January 6, 2023 and continue on the same day of each successive
month, with each monthly payment equals to the sum of $216,667 of principal, the redemption premium and the accrued and unpaid interest
on the Convertible Debentures as of each payment date. In addition, if the Company completes any financing transaction with gross proceeds
of in excess of $250,000, the Company shall pay to the Debenture Holder as an optional redemption but no more than 50% of the total proceeds,
an amount up to the total amount outstanding under the Convertible Debentures.
In consideration of the Company fulfilling its
payment duties under the Extension, the Debenture Holder agrees not to submit conversions under the Convertible Debentures for the issuance
of more than 1,000,000 ordinary shares of the Company or with a conversion price of less than $0.15 per share during the period from December
30, 2022 to January 6, 2023, and not to submit any conversions under the Convertible Debentures after January 6, 2023. In addition, The
Debenture Holder waives any requirements of the Company to make monthly payments pursuant to the Convertible Debentures with respect to
any monthly payment that has come due or may come due prior to June 30, 2023, and waives the 5 Business Day notice period for an Optional
Redemption of the Convertible Debentures with respect to any payments made pursuant to the Extension.
The foregoing description of the Extension is
only a brief description of the material terms of such agreement and does not purport to be a complete description of the rights and obligations
of the parties thereunder and such agreements are qualified in their entirety by reference to the full text of such documents.
This report shall not constitute an offer to sell
or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful.
Exhibits
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: January 5, 2023 |
JIUZI HOLDINGS INC. |
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By: |
/s/ Shuibo Zhang |
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Name: |
Shuibo Zhang |
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Title: |
Chief Executive Officer and Director |
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