ENFY Enlightify Inc

 

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

 

Date of Report (Date of earliest event reported): January 21, 2025

 

Enlightify Inc.

(Exact name of Registrant as specified in charter)

 

Nevada		001-34260		36-3526027
(State or other jurisdiction		(Commission File No.)		(IRS Employer
of Incorporation)				Identification No.)

 

3rd Floor, Borough A, Block A.

No.181 South Taibai Road

Xi’an, Shaanxi Province

People’s Republic of China 710065

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: +86-29-88266368

 

China Green Agriculture, Inc.

(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 (17CFR230.425)

 

☐	Soliciting material pursuant to Rule14a-12 under the Exchange Act (17CFR240.14a-12)

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR240.14d-2(b))

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))

  

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

 

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. ☐

 

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

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		ENFY		NYSE

 

 

 

Item 8.01 Other Events

 

On January 21, 2025, Enlightify Inc. (the “Company”) issued a press release announcing the authorization by the Company’s board of directors of a stock repurchase program (the “Repurchase Program”). Pursuant to the Repurchase Program, the Company plans to repurchase up to 2,000,000 shares of its common stock, at a price not exceeding $3.00 per share, during the period ending December 31, 2025, in the open market or in privately negotiated transactions from time to time, in compliance with applicable securities laws.

 

A copy of the press release is furnished to this Current Report on Form 8-K as Exhibit 99.1.

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibits.

  

Exhibit No.		Description
99.1		Press Release of Enlightify Inc. dated January 21, 2025.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

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.

 

Date: January 21, 2025	ENLIGHTIFY INC.
	(Registrant)
	By:	/s/ Zhuoyu Li
		Zhuoyu Li
		Chairman of the Board of Directors, Chief Executive Officer, and President

 

Exhibit 99.1

 

Enlightify Inc. Announces Share Repurchase Plan

 

XI’AN, CHINA, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Enlightify Inc. (NYSE: ENFY) (“Enlightify” or the “Company” and formerly China Green Agriculture, Inc.), a company that mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its subsidiaries in China, today announced that its board of directors has approved a share repurchase program under which the Company plans to repurchase up to 2,000,000 shares of its common stock, at a price not exceeding $3.00 per share.. The repurchase program is expected to be completed by the end of 2025, with progress updates disclosed in its quarterly reports on Form 10-Q and its annual reports on Form 10-K covering the periods during which such repurchases take place.

 

Under the plan, the company may repurchase shares from time to time through open market purchases, privately negotiated transactions, or other methods, in compliance with applicable securities laws.

 

“We believe that market is undervaluing Enlightify. This repurchase program reflects our confidence in the company’s long-term growth and commitment to delivering value to our shareholders,” said Zhuoyu Li, CEO of Enlightify Inc.

 

The company notes that the execution of the repurchase program will depend on various factors, including market conditions, the company’s financial position, and adherence to the specified price cap. The company may modify, suspend, or terminate the program at any time without prior notice.

 

For further details, please refer to the current report on Form 8-K filed with the SEC.

 

About Enlightify Inc.

 

The Company produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly owned subsidiaries, i.e.: Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. (“Jinong”), Beijing Gufeng Chemical Products Co., Ltd (“Gufeng”) and variable interest entities. In 2023, the Company started to purchase digital asset mining machines and established Antaeus Tech Inc. (“Antaeus”) in the State of Delaware and mined digital assets bitcoins in the State of Texas.

 

Safe Harbor Statement

 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the Company’s business, products and financial results. The Company’s actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic, business and environment conditions; development, shipment, market acceptance, additional competition from existing and new competitors; interest rate and currency exchange rate fluctuations; the impact of the recent global outbreak of novel coronavirus disease (COVID-19); technological advances, new products attained by competitors; challenges inherent in new product development; the company’s ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of economies and sovereign risk; dependence on the effectiveness of the company’s protections for innovative products; the exposure to litigation and/or regulatory actions, and various other factors beyond the Company’s control. All forward-looking statements are expressly qualified in their entirety by this Safe Harbor Statement and the risk factors detailed in the Company’s reports filed with the SEC. China Green Agriculture undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release, except as required by applicable law or regulations. 

 

For more information, please contact:

 

Enlightify Inc.
Tel: +86-29-88266383
Email: info@cgagri.com

 

SOURCE Enlightify Inc.

 

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Cover	Jan. 21, 2025
Cover [Abstract]
Document Type	8-K
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Document Period End Date	Jan. 21, 2025
Entity File Number	001-34260
Entity Registrant Name	Enlightify Inc.
Entity Central Index Key	0000857949
Entity Tax Identification Number	36-3526027
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	3rd Floor
Entity Address, Address Line Two	Borough A, Block A
Entity Address, Address Line Three	No.181 South Taibai Road
Entity Address, City or Town	Xi’an
Entity Address, Country	CN
Entity Address, Postal Zip Code	710065
City Area Code	+86
Local Phone Number	29-88266368
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock
Trading Symbol	ENFY
Security Exchange Name	NYSE
Entity Emerging Growth Company	false

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