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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 AND EXCHANGE ACT OF 1934
Date of report (date of earliest event reported):
July 2, 2025
SHINECO, INC.
(Exact name of registrant as specified in its
charter)
| Delaware |
|
001-37776 |
|
52-2175898 |
(State or Other Jurisdiction
of Incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
Room 1707, Block D, Modern City SOHO, No. 88,
Jianguo Road, Chaoyang District,
Beijing, People’s Republic of China 100022
(Address of principal executive offices)
Registrant’s telephone number, including
area code: (+86) 10-87227366
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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 |
|
SISI |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in 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. ☐
Item 3.02 Unregistered Sales of Equity Securities.
As previously reported on a Current Report on
Form 8-K filed by Shineco, Inc. (the “Company”) filed with the Securities and Exchange Commission on June 2, 2025, the Company
and certain non-U.S. investors (the “Purchasers”) entered into a securities purchase agreement (the “SPA”). Pursuant
to the SPA, the Company agreed to sell, and the Purchasers agreed to purchase, severally and not jointly, an aggregate of 18,000,000 shares
of common stock of the Company (the “Shares”) at an offering price of $ 0.75 per share (the “Offering”).
The closing of the Offering and sale of the Shares
occurred on July 2, 2025, and the Company issued the Shares in exchange for gross proceeds of $13.5 million, before the deduction of customary
expenses.
Item 8.01 Other Events.
The information set forth in Item 3.02 of this
Current Report on Form 8-K is incorporated herein by reference into this Item 8.01 in its entirety.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. |
|
Description |
| 10.1 |
|
Form of Securities Purchase Agreement by and among the Company and the Purchasers (incorporated by reference herein to Exhibit 10.1 filed with Form 8-K filed with the SEC on June 2, 2025.) |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document and included as Exhibit 101). |
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 hereunto duly authorized.
| |
Shineco Inc. |
| |
|
|
| Date: July 9, 2025 |
By: |
/s/ Jennifer Zhan |
| |
|
Jennifer Zhan, Chief Executive Officer |
