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[6-K] ATA Creativity Global American Current Report (Foreign Issuer)

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6-K
Rhea-AI Filing Summary

Viavi Solutions Inc. (VIAV) has filed a Form 144 disclosing that former CEO and current chairman Richard E. Belluzzo intends to sell 8,385 common shares through Morgan Stanley on or after 01 Aug 2025. Based on the form’s stated market value of $81,500, the proposed sale equals roughly 0.0038 % of the 223.2 million shares outstanding, making the transaction immaterial to the public float.

The notice also details Belluzzo’s recent trading history: over the past three months he sold 25,155 shares in seven trades, yielding approximately $234.8 k in gross proceeds. All shares derive from restricted stock granted on 22 Feb 2017; no cash was paid at acquisition.

The filing contains no financial results, guidance, or operational updates. Form 144 merely signals an intention to sell and does not guarantee execution or imply new information about Viavi’s fundamentals.

Viavi Solutions Inc. (VIAV) ha presentato un Modulo 144 comunicando che l'ex CEO e attuale presidente Richard E. Belluzzo intende vendere 8.385 azioni ordinarie tramite Morgan Stanley a partire dal 01 agosto 2025. In base al valore di mercato indicato nel modulo di 81.500 $, la vendita proposta corrisponde a circa lo 0,0038% delle 223,2 milioni di azioni in circolazione, rendendo l'operazione irrilevante per il flottante pubblico.

La comunicazione dettaglia anche la recente attività di trading di Belluzzo: negli ultimi tre mesi ha venduto 25.155 azioni in sette operazioni, ottenendo circa 234,8 mila $ di proventi lordi. Tutte le azioni provengono da stock vincolati concessi il 22 febbraio 2017; nessun pagamento in contanti è stato effettuato all'acquisizione.

Il documento non contiene risultati finanziari, previsioni o aggiornamenti operativi. Il Modulo 144 segnala solo l'intenzione di vendere e non garantisce l'esecuzione né implica nuove informazioni sui fondamentali di Viavi.

Viavi Solutions Inc. (VIAV) ha presentado un Formulario 144 revelando que el ex CEO y actual presidente Richard E. Belluzzo tiene la intención de vender 8,385 acciones comunes a través de Morgan Stanley a partir del 01 de agosto de 2025. Según el valor de mercado declarado en el formulario de $81,500, la venta propuesta equivale aproximadamente al 0.0038 % de las 223.2 millones de acciones en circulación, haciendo que la transacción sea insignificante para el flotante público.

El aviso también detalla el historial reciente de operaciones de Belluzzo: en los últimos tres meses vendió 25,155 acciones en siete transacciones, generando aproximadamente $234.8 mil en ingresos brutos. Todas las acciones provienen de acciones restringidas otorgadas el 22 de febrero de 2017; no se pagó efectivo en la adquisición.

La presentación no contiene resultados financieros, pronósticos ni actualizaciones operativas. El Formulario 144 simplemente señala una intención de venta y no garantiza la ejecución ni implica nueva información sobre los fundamentos de Viavi.

Viavi Solutions Inc. (VIAV)� � CEO이자 현재 회장� Richard E. Belluzzo가 2025� 8� 1� 또는 � 이후� Morgan Stanley� 통해 8,385 보통주를 매각� 의향� 있음� 공개하는 Form 144� 제출했습니다. 양식� 명시� 시가총액 81,500달러� 기준으로, 제안� 매각은 발행 주식 2� 2,320� 주의 � 0.0038%� 해당하여 공공 유통 주식� 미미� 영향� 미칩니다.

통지서에� Belluzzo� 최근 거래 내역� 자세� 나와 있습니다: 지� 3개월 동안 그는 7건의 거래에서 25,155 주를 매도하여 � 234,800달러� � 수익� 올렸습니�. 모든 주식은 2017� 2� 22일에 부여된 제한 주식에서 나온 것으�, 취득 � 현금은 지급되지 않았습니�.

제출 서류에는 재무 결과, 예상� 또는 운영 업데이트가 포함되어 있지 않습니다. Form 144� 단지 매각 의사� 알리� 것이� 실행 보장이나 Viavi� 기본 정보� 대� 새로� 정보� 의미하지 않습니다.

Viavi Solutions Inc. (VIAV) a déposé un formulaire 144 révélant que l'ancien PDG et actuel président Richard E. Belluzzo a l'intention de vendre 8 385 actions ordinaires via Morgan Stanley à partir du 1er août 2025. Selon la valeur de marché indiquée dans le formulaire de 81 500 $, la vente proposée représente environ 0,0038 % des 223,2 millions d'actions en circulation, rendant la transaction négligeable pour le flottant public.

L'avis détaille également l'historique récent des transactions de Belluzzo : au cours des trois derniers mois, il a vendu 25 155 actions en sept opérations, générant environ 234,8 k$ de produit brut. Toutes les actions proviennent d'actions restreintes attribuées le 22 février 2017 ; aucun paiement en espèces n'a été effectué lors de l'acquisition.

Le dépôt ne contient aucun résultat financier, prévisions ou mises à jour opérationnelles. Le formulaire 144 signale simplement une intention de vente et ne garantit pas l'exécution ni n'implique de nouvelles informations sur les fondamentaux de Viavi.

Viavi Solutions Inc. (VIAV) hat ein Formular 144 eingereicht, in dem offengelegt wird, dass der ehemalige CEO und derzeitige Vorsitzende Richard E. Belluzzo beabsichtigt, 8.385 Stammaktien über Morgan Stanley am oder nach dem 01. August 2025 zu verkaufen. Basierend auf dem im Formular angegebenen Marktwert von 81.500 $ entspricht der vorgeschlagene Verkauf etwa 0,0038 % der 223,2 Millionen ausstehenden Aktien, wodurch die Transaktion für den Streubesitz unerheblich ist.

Die Mitteilung enthält auch Belluzzos jüngste Handelsaktivitäten: In den letzten drei Monaten verkaufte er 25.155 Aktien in sieben Transaktionen und erzielte dabei etwa 234.800 $ Bruttoerlös. Alle Aktien stammen aus eingeschränkten Aktien, die am 22. Februar 2017 gewährt wurden; beim Erwerb wurde kein Bargeld gezahlt.

Die Einreichung enthält keine Finanzergebnisse, Prognosen oder operative Updates. Formular 144 signalisiert lediglich die Absicht zu verkaufen und garantiert keine Ausführung oder neue Informationen zu den Fundamentaldaten von Viavi.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Small insider sale (0.0038 % float); neutral for valuation.

Belluzzo’s potential $81 k sale is negligible relative to VIAV’s market capitalization and follows modest selling activity earlier this quarter. There is no accompanying business disclosure, so the filing neither strengthens nor weakens the investment thesis. Insider selling can sometimes foreshadow caution, but the size and frequency here appear consistent with routine diversification. I see no material impact on earnings, liquidity, or share supply.

TL;DR: Routine Rule 144 notice; governance implications minimal.

The company continues to follow proper disclosure protocols. All sales are aggregated as required, and the representation that no undisclosed adverse information exists aligns with best-practice compliance. The limited share count and transparent broker arrangement suggest standard portfolio management rather than a strategic exit. Governance risk remains unchanged.

Viavi Solutions Inc. (VIAV) ha presentato un Modulo 144 comunicando che l'ex CEO e attuale presidente Richard E. Belluzzo intende vendere 8.385 azioni ordinarie tramite Morgan Stanley a partire dal 01 agosto 2025. In base al valore di mercato indicato nel modulo di 81.500 $, la vendita proposta corrisponde a circa lo 0,0038% delle 223,2 milioni di azioni in circolazione, rendendo l'operazione irrilevante per il flottante pubblico.

La comunicazione dettaglia anche la recente attività di trading di Belluzzo: negli ultimi tre mesi ha venduto 25.155 azioni in sette operazioni, ottenendo circa 234,8 mila $ di proventi lordi. Tutte le azioni provengono da stock vincolati concessi il 22 febbraio 2017; nessun pagamento in contanti è stato effettuato all'acquisizione.

Il documento non contiene risultati finanziari, previsioni o aggiornamenti operativi. Il Modulo 144 segnala solo l'intenzione di vendere e non garantisce l'esecuzione né implica nuove informazioni sui fondamentali di Viavi.

Viavi Solutions Inc. (VIAV) ha presentado un Formulario 144 revelando que el ex CEO y actual presidente Richard E. Belluzzo tiene la intención de vender 8,385 acciones comunes a través de Morgan Stanley a partir del 01 de agosto de 2025. Según el valor de mercado declarado en el formulario de $81,500, la venta propuesta equivale aproximadamente al 0.0038 % de las 223.2 millones de acciones en circulación, haciendo que la transacción sea insignificante para el flotante público.

El aviso también detalla el historial reciente de operaciones de Belluzzo: en los últimos tres meses vendió 25,155 acciones en siete transacciones, generando aproximadamente $234.8 mil en ingresos brutos. Todas las acciones provienen de acciones restringidas otorgadas el 22 de febrero de 2017; no se pagó efectivo en la adquisición.

La presentación no contiene resultados financieros, pronósticos ni actualizaciones operativas. El Formulario 144 simplemente señala una intención de venta y no garantiza la ejecución ni implica nueva información sobre los fundamentos de Viavi.

Viavi Solutions Inc. (VIAV)� � CEO이자 현재 회장� Richard E. Belluzzo가 2025� 8� 1� 또는 � 이후� Morgan Stanley� 통해 8,385 보통주를 매각� 의향� 있음� 공개하는 Form 144� 제출했습니다. 양식� 명시� 시가총액 81,500달러� 기준으로, 제안� 매각은 발행 주식 2� 2,320� 주의 � 0.0038%� 해당하여 공공 유통 주식� 미미� 영향� 미칩니다.

통지서에� Belluzzo� 최근 거래 내역� 자세� 나와 있습니다: 지� 3개월 동안 그는 7건의 거래에서 25,155 주를 매도하여 � 234,800달러� � 수익� 올렸습니�. 모든 주식은 2017� 2� 22일에 부여된 제한 주식에서 나온 것으�, 취득 � 현금은 지급되지 않았습니�.

제출 서류에는 재무 결과, 예상� 또는 운영 업데이트가 포함되어 있지 않습니다. Form 144� 단지 매각 의사� 알리� 것이� 실행 보장이나 Viavi� 기본 정보� 대� 새로� 정보� 의미하지 않습니다.

Viavi Solutions Inc. (VIAV) a déposé un formulaire 144 révélant que l'ancien PDG et actuel président Richard E. Belluzzo a l'intention de vendre 8 385 actions ordinaires via Morgan Stanley à partir du 1er août 2025. Selon la valeur de marché indiquée dans le formulaire de 81 500 $, la vente proposée représente environ 0,0038 % des 223,2 millions d'actions en circulation, rendant la transaction négligeable pour le flottant public.

L'avis détaille également l'historique récent des transactions de Belluzzo : au cours des trois derniers mois, il a vendu 25 155 actions en sept opérations, générant environ 234,8 k$ de produit brut. Toutes les actions proviennent d'actions restreintes attribuées le 22 février 2017 ; aucun paiement en espèces n'a été effectué lors de l'acquisition.

Le dépôt ne contient aucun résultat financier, prévisions ou mises à jour opérationnelles. Le formulaire 144 signale simplement une intention de vente et ne garantit pas l'exécution ni n'implique de nouvelles informations sur les fondamentaux de Viavi.

Viavi Solutions Inc. (VIAV) hat ein Formular 144 eingereicht, in dem offengelegt wird, dass der ehemalige CEO und derzeitige Vorsitzende Richard E. Belluzzo beabsichtigt, 8.385 Stammaktien über Morgan Stanley am oder nach dem 01. August 2025 zu verkaufen. Basierend auf dem im Formular angegebenen Marktwert von 81.500 $ entspricht der vorgeschlagene Verkauf etwa 0,0038 % der 223,2 Millionen ausstehenden Aktien, wodurch die Transaktion für den Streubesitz unerheblich ist.

Die Mitteilung enthält auch Belluzzos jüngste Handelsaktivitäten: In den letzten drei Monaten verkaufte er 25.155 Aktien in sieben Transaktionen und erzielte dabei etwa 234.800 $ Bruttoerlös. Alle Aktien stammen aus eingeschränkten Aktien, die am 22. Februar 2017 gewährt wurden; beim Erwerb wurde kein Bargeld gezahlt.

Die Einreichung enthält keine Finanzergebnisse, Prognosen oder operative Updates. Formular 144 signalisiert lediglich die Absicht zu verkaufen und garantiert keine Ausführung oder neue Informationen zu den Fundamentaldaten von Viavi.

 

 

 

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 August 2025

 

Commission File Number: 001-33910

 

ATA Creativity Global

 

c/o Rm. 507, Bldg. 3, BinhuZhuoyueCheng, 

WenhuaKechuangYuan, Huayuan Blvd. 365, 

Baohe, Hefei, Anhui 230051, China

 

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F     x  Form 40-F     o

 

 

 

 

 

 

ATA Creativity Global Entered into a Non-Binding Term Sheet with Baby BTC Strategic Capital Limited

 

ATA Creativity Global (“ACG” or the “Company”, Nasdaq: AACG), an international educational services company focused on providing quality learning experiences that cultivate and enhance students’ creativity, today announced that, on August 1 2025, it entered into a non-binding term sheet (the “Term Sheet”) with Baby BTC Strategic Capital Limited (“Baby Capital”) pursuant to which, the Company will (1) issue up to 68,728,522 common shares (the “Common Shares”), with a par value US$0.01 per share, to Baby Capital at US$0.4365 per common share, for an aggregate purchase price of up to US$30,000,000 (the “Share Issuance”); and (2) at the closing of the Share Issuance, issue a warrant with 2-year term, pursuant to which Baby Capital shall have the right to purchase certain number of Common Shares at the per share exercise price of US$0.8730, for an aggregate exercise price of up to US$70,000,000. The Company and Baby Capital agree to negotiate in good faith and enter into a definitive share purchase agreement within two months after the date of the Term Sheet. Upon the completion of the Share Issuance, Baby Capital is expected to obtain control of the Company, and it will have the right to appoint and designate three new directors to the board of directors of the Company.

 

Subject to the approval by the board of directors of the Company, the proceeds from the above transaction will be mainly used to purchase BABY Token in the market, while the remainder will be used to purchase Bitcoin and collaborate with Babylon Foundation on Bitcoin staking, which aims to deploy new Bitcoin into ecological applications like Decentralized Finance.

 

The transactions contemplated under the Term Sheet is subject to the negotiation and execution of a definitive share purchase agreement. There can be no assurance that the definitive share purchase agreement will be entered into, nor that the potential transactions contemplated hereunder will be consummated on the terms set forth in the Term Sheet, nor that the cooperation with Babylon will produce any expected outcome, or at all.

 

About ATA Creativity Global

 

ATA Creativity Global is an international educational services company focused on providing quality learning experiences that cultivate and enhance students’ creativity. ATA Creativity Global offers a wide range of education services consisting primarily of portfolio training, research-based learning services, overseas study counselling and other educational services through its training center network. For more information, please visit ACG’s website at www.atai.net.cn.

 

Cautionary Note Regarding Forward-looking Statements

 

This report contains statements that may constitute 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, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as “will,” “should,” “could,” “expect,” “anticipate,” “aim,” “future,” “intend,” “plan,” “believe,” “estimate,” “forecast,” “outlook,” “likely to” and similar statements. ACG may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ACG’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company’s filings with the SEC. For example in this report, we are using forward-looking statements when we are discussing the entry into the Term Sheet, the potential sale of Common Shares and our intention to cooperate with Babylon and expand the Company’s business to web 3.0 field and Bitcoin ecosystem. These forward-looking statements are subject to a number of risks and uncertainties, which could cause the actual results to differ materially from those indicated in these forward-looking statements. There can be no assurance that the definitive share purchase agreement will be entered into, nor that the potential transactions contemplated hereunder will be consummated on the terms set forth in the Term Sheet, nor that the cooperation with Babylon will produce any expected outcome, or at all. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this report. All information provided in this report is as of the date of this report, and ACG undertakes no duty to update such information to reflect events or circumstances that arise after the date hereof, except as required under applicable law.

 

This Report on Form 6-K is incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-278921), filed with the Securities and Exchange Commission on April 25, 2024, to be a part thereof from the date on which this Report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

2 

 

 

SIGNATURE

 

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.

 

  ATA Creativity Global
     
  By: /s/ Ruobai Sima
  Name: Ruobai Sima
  Title: Chief Financial Officer

 

Date: August 1, 2025

 

3 

 

 

FAQ

How many Viavi (VIAV) shares does Richard E. Belluzzo plan to sell?

The Form 144 lists 8,385 common shares for potential sale.

What is the dollar value of the proposed insider sale?

At the disclosed market price, the sale is valued at approximately $81,500.

What percentage of Viavi’s outstanding shares does the sale represent?

About 0.0038 % of the company’s 223,236,654 shares outstanding.

Has the insider sold Viavi stock recently?

Yes. Over the past three months Belluzzo sold 25,155 shares for roughly $234.8 k in gross proceeds.

Does the Form 144 filing indicate any change in Viavi’s business outlook?

No. A Form 144 only discloses an intent to sell shares and provides no operational or financial guidance.
Ata Creativity Global

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Education & Training Services
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