0001881551 false 0001881551 2023-09-29 2023-09-29 0001881551 NUBI:UnitsEachConsistingOfOneShareOfCommonStockAndOnehalfOfOneRedeemableWarrantMember 2023-09-29 2023-09-29 0001881551 NUBI:CommonStockParValue0.0001PerShareMember 2023-09-29 2023-09-29 0001881551 NUBI:RedeemableWarrantsEachWholeWarrantExercisableForOneShareOfCommonStockAtExercisePriceOf11.50Member 2023-09-29 2023-09-29 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

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

 

September 29 2023

Date of Report (Date of earliest event reported)

 

Nubia Brand International Corp.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware   001-41323   87-1993879
(State or other jurisdiction
of incorporation) 		  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

13355 Noel Rd, Suite 1100

Dallas, TX 

   75240
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (972) 918-5120

 

N/A

(Former name or former address, if changed since last report)

 

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:

 

☐ Written communications pursuant to Rule 425 under the Securities Act

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol   Name of each exchange on which registered
Units, each consisting of one share of Common Stock and one-half of one Redeemable Warrant   NUBIU   The Nasdaq Capital Market LLC
Common Stock, par value $0.0001 per share   NUBI   The Nasdaq Capital Market LLC
Redeemable Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50   NUBIW   The Nasdaq Capital Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

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. ☐

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On September 29, 2023, Nubia Brand International Corp. (the “Company”) issued an unsecured, non-interest bearing promissory note (the “Note”) to Embark Holdings, LLC in the aggregate principal amount of $565,000. The maturity date of the Note shall be upon the closing of a Repayment/Conversion Trigger Event, as such term is defined below, and (ii) the holder of the Note, in its sole discretion, may convert any or all of the unpaid principal under the Note into the shares of the Company’s Class A common stock, at a price of $10.00 per share, upon consummation of the Company’s initial business combination. “Repayment/Conversion Trigger Event” means:

 

(i)the closing of a merger, consolidation or other business combination pursuant to which the Company acquires an entity for its initial business combination; or

 

(ii)the liquidation of the Company on or before the expiration of the time permitted for the Company to consummate a business combination under the Company’s charter, or such later liquidation date as may be approved by the Company’s stockholders, that occurs while the Note is outstanding or any time thereafter prior to the repayment of the Note.

 

In addition, upon the closing of the Company’s initial business combination, the Company shall issue 565,000 shares of Class A common stock to the holder of the Note for no consideration in proportion to the amount drawn down by the Company under the Note.

 

The foregoing description is qualified in its entirety by reference to the Note, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibit No.   Description
10.1   Amended and Restated Promissory Note to Embark Holdings, LLC, dated September 29, 2023.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

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.

 

Dated: October 5, 2023 NUBIA BRAND INTERNATIONAL CORP.
     
  By: /s/ Jaymes Winters
  Name: Jaymes Winters
  Title: Chief Executive Officer

 

 

2

 

 

Exhibit 10.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

v3.23.3
Cover
Sep. 29, 2023
Document Type 8-K
Amendment Flag false
Document Period End Date Sep. 29, 2023
Entity File Number 001-41323
Entity Registrant Name Nubia Brand International Corp.
Entity Central Index Key 0001881551
Entity Tax Identification Number 87-1993879
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 13355 Noel Rd
Entity Address, Address Line Two Suite 1100
Entity Address, City or Town Dallas
Entity Address, State or Province TX
Entity Address, Postal Zip Code 75240
City Area Code 972
Local Phone Number 918-5120
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false
Units, each consisting of one share of Common Stock and one-half of one Redeemable Warrant  
Title of 12(b) Security Units, each consisting of one share of Common Stock and one-half of one Redeemable Warrant
Trading Symbol NUBIU
Security Exchange Name NASDAQ
Common Stock, par value $0.0001 per share  
Title of 12(b) Security Common Stock, par value $0.0001 per share
Trading Symbol NUBI
Security Exchange Name NASDAQ
Redeemable Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50  
Title of 12(b) Security Redeemable Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50
Trading Symbol NUBIW
Security Exchange Name NASDAQ
Nubia Brand (NASDAQ:NUBIU)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024 Plus de graphiques de la Bourse Nubia Brand
Nubia Brand (NASDAQ:NUBIU)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024 Plus de graphiques de la Bourse Nubia Brand