M&A - BeyondSpring Inc.

Form Type: 8-K

Filing Date: 2025-02-25

Corporate Action: Acquisition

Type: New

Accession Number: 000117184325001050

Filing Summary: On February 19, 2025, BeyondSpring Inc. completed the first closing of an asset sale under the Preferred Share Purchase Agreements. The Company transferred 980,427 Series A-1 Preferred Shares to Winning View Investment Limited, 250,009 Shares to FULL TECH CORPORATE DEVELOPMENT LIMITED and 500,018 Shares to Mapfil Investment Limited, for a total cash consideration of $7,354,432.75. This transaction represents a significant asset disposition under SEC rules, involving a total of 8,333,637 Shares expected to be sold in multiple closings. The Company noted that the transfer of the remaining Shares is expected to conclude by the end of 2026, but there is no assurance that all transfers will occur. Furthermore, an amendment to the Purchase Agreement was made on February 17, 2025, which included additional terms regarding the transfer of Shares. The filing includes pro forma financial information reflecting these transactions and outlines potential risks and uncertainties surrounding the completion of the proposed sales.