SECsense Logo

AIX Inc. SEC Form 6-K: Major Share Exchange with BGM Group Ltd.

$AIFU
Form 6-K
Filed on: 2024-12-30
Source
AIX Inc. SEC Form 6-K: Major Share Exchange with BGM Group Ltd.

Key Insights from AIX Inc. SEC Form 6-K Filing:

  1. Company Overview:
  • Name: AIX Inc.
  • Principal Executive Office: 60/F, Pearl River Tower, No.15 West Zhujiang Road, Tianhe District, Guangzhou, 510623, People's Republic of China.
  1. Filing Details:
  • Type: Form 6-K
  • Commission File Number: 001-33768
  • Date of Report: December 30, 2024
  • Period Covered: Month of December 2024.
  1. Transaction Overview:
  • Completion of Share Exchange: AIX Inc. completed a significant share exchange transaction with BGM Group Ltd. (Nasdaq: BGM).
  • Transaction Date: The agreement was signed on November 27, 2024, and completed on December 27, 2024.
  1. Transaction Details:
  • Entities Involved: CISG Holdings Ltd. (a wholly-owned subsidiary of AIX) transferred its equity interests in:
    • RONS Intelligent Technology (Beijing) Co., Ltd.
    • Shenzhen Xinbao Investment Management Co., Ltd.
    • Subsidiaries including RONS Insurance Sales & Service Co., Ltd. and Shenzhen Baowang E-commerce Co., Ltd.
  • Consideration: CISG received 69,995,661 Class A ordinary shares of BGM, valued at approximately US$140 million.
  • Ownership: Post-transaction, AIX beneficially owns 69,995,661 Class A shares, representing 72% of BGM's total issued shares and 3.4% of voting power.
  1. Strategic Implications:
  • The transaction enables BGM to take full control of the intelligent insurance platform owned by AIX, leveraging BGM's resources in the global healthcare sector for further development and innovation.
  1. Leadership Change:
  • Mr. Jun Li: Continues as General Manager of RONS Technology and has stepped down as Chief Digital Officer of AIX.
  1. Regulatory Documentation:
  • The transaction agreement has been filed with the SEC as Exhibit 99.1 to Form 6-K on November 29, 2024.

These insights represent significant strategic movements for AIX Inc., particularly in enhancing its stake in the healthcare and insurance technology sectors through the transaction with BGM Group Ltd.