Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
July 30 2024 - 3:05PM
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 July 2024
Commission File Number: 001-38430
Meta Data Limited
Flat H 3/F, Haribest Industrial Building, 45-47
Au Pui Wan Street
Sha Tin New Territories
Hong Kong
(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 ☐
Adjournment of Hearing of the Winding Up Petition
As previously disclosed by Meta Data Limited (the
“Company”), the Company is currently in default of certain banking facility agreement (the “Facility Agreement”)
dated March 27, 2019, as amended, by and among the Company, OneSmart Edu (HK) Limited, certain lenders named therein, and UBS AG Singapore
Branch as the facility agent. On April 22, 2024, a winding up petition was presented to the Grand Court of the Cayman Islands (the “Court”)
against the Company by China Minsheng Banking Corp., Ltd. Hong Kong Branch (“CMBC”), one of the lenders under the Facility
Agreement (the “Petition”).
The initial hearing of the Petition (the “Hearing”)
was originally scheduled to take place at the Court on June 11, 2024. Upon agreement between CMBC and the Company and approval from the
Court, the Hearing is adjourned to August 7, 2024. Management is currently exploring different options to address the Petition, which
will be subject to the Court’s decision which may grant, decline or modify the Petition as it sees fit.
The ultimate resolution of the proceedings may
have a material adverse impact on the Company’s business, financial condition, results of operations or cash flows. Failure to settle
the proceedings or other unfavorable outcomes in the proceedings - including but not limited to the winding up of the Company or the appointment
of joint official liquidators - could result in significant damages, additional penalties or other remedies imposed against the Company.
Litigation of this kind could result in substantial costs and a diversion of the Company management’s attention and resources. It
could also result in the Company’s reputation being harmed and the Company’s stock price could decline as a result of allegations
made in the course of the proceedings, regardless of the truthfulness of the allegations.
Forward Looking Statement
This report contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Such forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities
Litigation Reform Act of 1995. All statements other than statements of historical fact in this report are forward-looking statements,
including but not limited to, the results of the winding-up petition and application for appointment of provisional liquidators.
These forward-looking statements can be identified by terminology such as “will,” “expects,” “is expected
to,” “anticipates,” “aim,” “future,” “intends,” “plans,” “believes,”
“are likely to,” “estimates,” “may,” “should” and similar expressions, and include, without
limitation, statements regarding the Company’s future financial performance, revenue guidance, growth and growth rates, market position
and continued business transformation. Such statements are based upon management’s current expectations and current market and operating
conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict
and many of which are beyond the Company’s control, which may cause its actual results, performance or achievements to differ materially
from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included
in the Company’s filings with the U.S. Securities and Exchange Commission.
The Company does not undertake any obligation
to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
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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Meta Data Limited |
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By : |
/s/ Xiaoming Li |
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Name: |
Xiaoming Li |
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Title : |
Chairman of the Board of Directors and
Chief Executive Officer |
Date: July 30, 2024
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