Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
January 25 2022 - 7:01AM
Edgar (US Regulatory)
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 January 2022
Commission File Number: 001-37829
NISUN INTERNATIONAL ENTERPRISE
DEVELOPMENT GROUP CO., LTD
(Registrant’s name)
C9, 99 Danba Rd
Putuo District, Shanghai
People’s Republic of China
(Address of principal executive offices)
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 on paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if
the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Explanatory Note:
On January 14, 2022, Fintech (Henan) Supply Chain Management Co., Ltd
(“Henan Fintech”), a subsidiary of Fintech (Shanghai) Digital Technology Co., Ltd and a controlled affiliate of the Registrant,
entered into a share acquisition agreement (the “Agreement”) with Henan Youjiatian Agricultural Technology Co., Ltd (“Youjiatian”)
and its sole shareholder to acquire a 51% equity interest in Youjiatian.
Youjiatian is an agricultural supply chain management company based
in Henan Province. Pursuant to the Agreement, Henan Fintech agreed to acquire 51% of Youjiatian’s equity for a cash consideration
of RMB0.51 million (approximately $80,280) based on the agreed-upon value of the shares to be acquired. The selling shareholder would
be responsible for all debts of Youjiatian incurred prior to the acquisition and pledge the remaining 49% equity the selling shareholder
owns as collateral to guarantee the repayment of those debts. Youjiatian agreed to obtain certain land use right and pledge such right
and all real properties on the land as additional collateral to secure the repayment of the pre-existing debts. As the majority shareholder,
Henan Fintech (or its affiliates) would provide loan funds for Youjiatian’s operations as set forth in the Agreement. The parties
further agreed to annual revenue and net income performance targets for Youjiatian and a performance-based profit allocation schedule
between the two parties. The selling shareholder would be obligated to repurchase the equity interest acquired by Henan Fintech for RMB0.51
million in cash under certain circumstances. The transaction is expected to close in 90 days.
Exhibits.
The following documents are furnished herewith:
EXHIBIT INDEX
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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NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD
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Date: January 25, 2022
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By:
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/s/ Xiaoyun Huang
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Name:
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Xiaoyun Huang
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Title:
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Chief Executive Officer
(Principal Executive Officer) and Duly Authorized Officer
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