Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
October 25 2023 - 4:05PM
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 October 2023
Commission File Number: 001-40145
Jowell Global Ltd.
2nd Floor, No. 285 Jiangpu Road
Yangpu District, Shanghai
China 200082
(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 ☐
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 thereunto
duly authorized.
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Jowell Global Ltd. |
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Date: October 25, 2023 |
By: |
/s/ Haiting Li |
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Name: |
Haiting Li |
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Title: |
Chief Executive Officer |
Exhibit Index
Exhibit 99.1
Jowell Global Ltd. Announces Extraordinary General
Meeting Results and Share Consolidation
SHANGHAI, October 25, 2023
(PRNewswire) -- Jowell Global Ltd. (“Jowell Global” or the “Company”) (NASDAQ: JWEL), one of the leading cosmetics,
health and nutritional supplements, and household products e-commerce platforms in China, today announced that, at an extraordinary general
meeting of the Company held on October 25, 2023 (the “Meeting”), its shareholders have approved by an ordinary resolution
of a share consolidation (the “Share Consolidation”) that (i) every sixteen (16) issued and unissued ordinary shares of the
Company, par value $0.0001 each (the “Ordinary Shares”) be consolidated into one (1) ordinary share par value $0.0016 each
and (ii) every sixteen (16) issued and unissued preferred shares of the Company, par value $0.0001 each (the “Preferred Shares”)
be consolidated into one (1) preferred share, par value $0.0016 each. Immediately following the Share Consolidation, the shareholders
of the Company approved by an ordinary resolution of share capital increase that the authorized share capital of the Company be increased
to $800,000 divided into 500,000,000 shares of which (x) 450,000,000 shares are designated as ordinary shares with a nominal or par value
of $0.0016 per share, and (y) 50,000,000 shares are designated as preferred shares with a nominal or par value of $0.0016 per share (the
“Share Capital Increase”). At the Meeting, the shareholders of the Company also approved by a special resolution the third
amended and restated memorandum and articles of association of the Company to reflect the Share Consolidation and the Share Capital Increase.
The Company’s ordinary
shares will begin to trade on the NASDAQ Stock Market on the post-consolidation basis under the symbol “JWEL” on October 27,
2023. The new CUSIP number for the Company’s Ordinary Shares post-consolidation is G5194C 119.
The Share Consolidation
is primarily being effectuated to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) related to the minimum bid price per share
of the Company’s ordinary shares.
The Company's shareholders
will receive one post-consolidation ordinary share or preferred share for every sixteen pre-consolidation ordinary shares or preferred
shares held by them. Immediately after the Share Consolidation, each shareholder’s percentage ownership interest in the Company
and proportional voting power will remain unchanged, except for minor changes and adjustments that will result from the treatment of fractional
shares. The rights of the holders of ordinary shares and preferred shares will be substantially unaffected by the Share Consolidation.
No fractional shares will be issued in connection with the Share Consolidation, and all such fractional shares will be round up to the
nearest whole number of shares following or as a result of the Share Consolidation. Shareholders who are holding their shares in electronic
form at brokerage firms do not need to take any action, as the effect of the Share Consolidation will automatically be reflected in their
brokerage accounts.
About Jowell Global Ltd.
Jowell Global Ltd. (the “Company”)
is one of the leading cosmetics, health and nutritional supplements and household products e-commerce platforms in China. We offer our
own brand products to customers and also sell and distribute health and nutritional supplements, cosmetic products and certain household
products from other companies on our platform. In addition, we allow third parties to open their own stores on our platform for a service
fee based upon sale revenues generated from their online stores and we provide them with our unique and valuable information about market
needs, enabling them to better manage their sales effort, as well as an effective platform to promote their brands. The Company also sells
its products through authorized retail stores all across China, which operate under the brand names of “Love Home Store” or
“LHH Store” and “Juhao Best Choice Store”. For more information, please visit http://ir.1juhao.com/
Safe Harbor Statement
This press release contains forward-looking
statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act
of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to
differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by
words or phrases such as "may," "will," "expect," "anticipate," "target," "aim,"
"estimate," "intend," "plan," "believe," "potential," "continue," "is/are
likely to" or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed
with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other
written materials and in oral statements made by its officers, directors or employees to third parties. These statements are subject to
uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future
business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand;
the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions
in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with
the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this
press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov.
The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise
after the date hereof.
For investor and media inquiries, please contact:
Jowell Global Ltd.
Ms. Jessie Zhao
Email: IR@1juhao.com
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