Mingzhu Logistics Holdings Limited 2025 Form 6-K: $48M Share Sale for AI Logistics Upgrade

Here are the key insights extracted from the financial report of Mingzhu Logistics Holdings Limited, as outlined in the Form 6-K filing:

1. Company Overview:

• Name: Mingzhu Logistics Holdings Limited
• Address: 27F, Yantian Modern Industry Service Center, No. 3018 Shayan Road, Yantian District, Shenzhen, Guangdong, China 518081.

2. Type of Filing:

• The document is a Form 6-K, which is typically used by foreign private issuers to report significant events or corporate changes.

3. Securities Purchase Agreement:

• Date of Agreement: January 15, 2025.
• The company entered into a securities purchase agreement (SPA) to sell up to 120 million restricted ordinary shares at a price of $0.40 per share, amounting to approximately $48 million.

4. Use of Proceeds:

• The net proceeds from the offering will be utilized for:
• • Transforming logistics operations through the implementation of an AI-driven system.
  • Working capital and general corporate purposes.

5. Purchasers:

• The shares are being sold to “non-U.S. Persons” as defined in Regulation S of the Securities Act of 1933. The purchasers are acquiring the shares for investment purposes.

6. Closing Conditions:

• The closing of the offering is contingent upon the completion or waiver of all closing conditions set forth in the SPA.

7. Exhibit Information:

• The SPA is included as Exhibit 99.1 to the Form 6-K, and this document provides further details on the terms and obligations of the parties involved.

8. Signatory:

• The report is signed by Jinlong Yang, the Chief Executive Officer of Mingzhu Logistics Holdings Limited, dated January 17, 2025.

This report indicates a strategic move by the company to raise capital specifically directed towards enhancing its logistics capabilities through technology, which could potentially improve operational efficiency and market competitiveness.