[6-K] Wang & Lee Group, Inc. Current Report (Foreign Issuer)
Transaction overview: WANG & LEE GROUP, Inc. entered an agreement to acquire the entire issued share capital of Solar (HK) Limited for HK$15,000,000, originally to be satisfied by a convertible note due March 30, 2030 convertible at 80% of the prior trading price with a floor of US$0.3.
Amendment (Aug 8, 2025): The parties amended the agreement so the consideration will be paid in cash of HK$15,000,000, the transaction will complete within 5 business days of the Amendment, and the Vendor will terminate the Notes; the Vendor did not convert any amount prior to the Amendment. See Exhibit 99.1.
Panoramica della transazione: WANG & LEE GROUP, Inc. ha stipulato un accordo per acquisire l'intero capitale sociale emesso di Solar (HK) Limited per HK$15,000,000, originariamente da corrispondere tramite una nota convertibile con scadenza il 30 marzo 2030, convertibile al 80% del prezzo di negoziazione precedente con un valore minimo di US$0.3.
Modifica (8 ago 2025): Le parti hanno modificato l'accordo in modo che la contropartita venga pagata in contanti per HK$15,000,000, la transazione si completer脿 entro 5 giorni lavorativi dalla modifica e il Venditore annuller脿 le Notes; il Venditore non aveva convertito alcun importo prima della modifica. Vedi l'allegato 99.1.
Resumen de la transacci贸n: WANG & LEE GROUP, Inc. celebr贸 un acuerdo para adquirir la totalidad del capital social emitido de Solar (HK) Limited por HK$15,000,000, originalmente a satisfacerse mediante una nota convertible con vencimiento el 30 de marzo de 2030 convertible al 80% del precio de negociaci贸n previo con un suelo de US$0,3.
Enmienda (8 ago 2025): Las partes enmendaron el acuerdo para que la contraprestaci贸n se pague en efectivo por HK$15,000,000, la transacci贸n se complete dentro de 5 d铆as h谩biles desde la enmienda, y el Vendedor dar谩 por terminadas las Notes; el Vendedor no convirti贸 ninguna cantidad antes de la enmienda. Consulte el Anexo 99.1.
瓯半灅 臧滌殧: WANG & LEE GROUP, Inc.電� Solar (HK) Limited鞚� 氚滍枆 欤检嫕 鞝勲秬毳� HK$15,000,000鞐� 鞚胳垬頃橁赴搿� 頃╈潣頄堨溂氅�, 鞗愲灅電� 毵岅赴鞚检澊 2030雲� 3鞗� 30鞚�鞚� 鞝勴櫂靷眲搿� 歆�旮夒悩旮半 霅橃柎 鞛堨棃瓿� 鞚措姅 膦呾爠 瓯半灅臧�瓴╈潣 80%搿� 鞝勴櫂霅橂┌ 頃橅暅鞚� 氙疙檾 0.3雼煬鞓赌鞀惦媹雼�.
靾橃爼(2025雲� 8鞗� 8鞚�): 雼轨偓鞛愲摛鞚� 雽�旮堨潉 順勱笀 HK$15,000,000鞙茧 歆�旮夗晿瓿�, 瓯半灅電� 靾橃爼鞚茧攵�韯� 鞓侅梾鞚� 旮办 5鞚� 鞚措偞鞐� 鞕勲霅橂┌ 毵る弰鞚胳潃 頃措嫻 靷眲毳� 頃挫頃橁赴搿� 瓿勳暯鞚� 靾橃爼頄堨姷雼堧嫟; 毵る弰鞚胳潃 靾橃爼 鞚挫爠鞐� 鞏措枻 旮堨暋霃� 鞝勴櫂頃橃 鞎婌晿鞀惦媹雼�. 氤勳波 99.1 彀胳“.
Vue d'ensemble de la transaction : WANG & LEE GROUP, Inc. a conclu un accord pour acqu茅rir l'int茅gralit茅 du capital social 茅mis de Solar (HK) Limited pour HK$15,000,000, initialement payable par une note convertible 茅ch茅ant le 30 mars 2030, convertible 脿 80% du cours de n茅gociation ant茅rieur avec un plancher de US$0,3.
Amendement (8 ao没t 2025) : Les parties ont modifi茅 l'accord afin que la contrepartie soit pay茅e en esp猫ces de HK$15,000,000, que la transaction soit finalis茅e dans les 5 jours ouvrables suivant l'amendement, et que le Vendeur mette fin aux Notes ; le Vendeur n'avait converti aucun montant avant l'amendement. Voir l'annexe 99.1.
罢谤补苍蝉补办迟颈辞苍蝉眉产别谤蝉颈肠丑迟: WANG & LEE GROUP, Inc. schloss eine Vereinbarung zum Erwerb des gesamten ausgegebenen Aktienkapitals von Solar (HK) Limited f眉r HK$15,000,000, urspr眉nglich zu erf眉llen durch eine wandelbare Schuldverschreibung mit F盲lligkeit 30. M盲rz 2030, wandelbar zu 80% des vorherigen Handelspreises mit einer Untergrenze von US$0,3.
脛nderung (8. Aug. 2025): Die Parteien 盲nderten die Vereinbarung dahingehend, dass die Gegenleistung in Bargeld in H枚he von HK$15,000,000 gezahlt wird, die Transaktion innerhalb von 5 Gesch盲ftstagen nach der 脛nderung abgeschlossen wird und der Verk盲ufer die Notes k眉ndigen wird; der Verk盲ufer hatte vor der 脛nderung keinen Betrag umgewandelt. Siehe Anlage 99.1.
- Acquisition confirmed for the entire issued share capital of Solar (HK) Limited at HK$15,000,000
- Consideration fixed to cash under the Amendment, removing uncertainty over conversion pricing
- Notes terminated and the Vendor did not convert any amount prior to the Amendment
- Definitive completion timeline: transaction to complete within 5 business days of the Amendment
- Immediate cash obligation of HK$15,000,000 to be paid by the Company (financing sources not disclosed in this filing)
Insights
TL;DR: Acquisition price fixed at HK$15,000,000; amendment replaces convertible note with cash payment and removes conversion option.
The filing confirms WLGS will acquire Solar (HK) Limited for a fixed HK$15,000,000. The Original Note (maturing March 30, 2030, convertible at 80% of prior trading price with a floor of US$0.3) will be terminated under the Amendment. The Vendor did not convert any portion prior to amendment. Completion is required within 5 business days of the Amendment. For investors, the key facts are the fixed cash consideration and termination of convertible securities; financing or funding sources are not disclosed in this filing.
TL;DR: Amendment accelerates cash consideration and terminates the convertible note, providing closing certainty and eliminating conversion mechanics.
The Amendment converts the previously note-funded structure into a straightforward cash sale of HK$15,000,000 with a five-business-day completion window and explicit termination of the Notes (no conversions had occurred). The filing references conversion mechanics that are now moot under the Amendment (80% of last trading day price; floor US$0.3). The document filed as Exhibit 99.1 contains the executed Amendment.
Panoramica della transazione: WANG & LEE GROUP, Inc. ha stipulato un accordo per acquisire l'intero capitale sociale emesso di Solar (HK) Limited per HK$15,000,000, originariamente da corrispondere tramite una nota convertibile con scadenza il 30 marzo 2030, convertibile al 80% del prezzo di negoziazione precedente con un valore minimo di US$0.3.
Modifica (8 ago 2025): Le parti hanno modificato l'accordo in modo che la contropartita venga pagata in contanti per HK$15,000,000, la transazione si completer脿 entro 5 giorni lavorativi dalla modifica e il Venditore annuller脿 le Notes; il Venditore non aveva convertito alcun importo prima della modifica. Vedi l'allegato 99.1.
Resumen de la transacci贸n: WANG & LEE GROUP, Inc. celebr贸 un acuerdo para adquirir la totalidad del capital social emitido de Solar (HK) Limited por HK$15,000,000, originalmente a satisfacerse mediante una nota convertible con vencimiento el 30 de marzo de 2030 convertible al 80% del precio de negociaci贸n previo con un suelo de US$0,3.
Enmienda (8 ago 2025): Las partes enmendaron el acuerdo para que la contraprestaci贸n se pague en efectivo por HK$15,000,000, la transacci贸n se complete dentro de 5 d铆as h谩biles desde la enmienda, y el Vendedor dar谩 por terminadas las Notes; el Vendedor no convirti贸 ninguna cantidad antes de la enmienda. Consulte el Anexo 99.1.
瓯半灅 臧滌殧: WANG & LEE GROUP, Inc.電� Solar (HK) Limited鞚� 氚滍枆 欤检嫕 鞝勲秬毳� HK$15,000,000鞐� 鞚胳垬頃橁赴搿� 頃╈潣頄堨溂氅�, 鞗愲灅電� 毵岅赴鞚检澊 2030雲� 3鞗� 30鞚�鞚� 鞝勴櫂靷眲搿� 歆�旮夒悩旮半 霅橃柎 鞛堨棃瓿� 鞚措姅 膦呾爠 瓯半灅臧�瓴╈潣 80%搿� 鞝勴櫂霅橂┌ 頃橅暅鞚� 氙疙檾 0.3雼煬鞓赌鞀惦媹雼�.
靾橃爼(2025雲� 8鞗� 8鞚�): 雼轨偓鞛愲摛鞚� 雽�旮堨潉 順勱笀 HK$15,000,000鞙茧 歆�旮夗晿瓿�, 瓯半灅電� 靾橃爼鞚茧攵�韯� 鞓侅梾鞚� 旮办 5鞚� 鞚措偞鞐� 鞕勲霅橂┌ 毵る弰鞚胳潃 頃措嫻 靷眲毳� 頃挫頃橁赴搿� 瓿勳暯鞚� 靾橃爼頄堨姷雼堧嫟; 毵る弰鞚胳潃 靾橃爼 鞚挫爠鞐� 鞏措枻 旮堨暋霃� 鞝勴櫂頃橃 鞎婌晿鞀惦媹雼�. 氤勳波 99.1 彀胳“.
Vue d'ensemble de la transaction : WANG & LEE GROUP, Inc. a conclu un accord pour acqu茅rir l'int茅gralit茅 du capital social 茅mis de Solar (HK) Limited pour HK$15,000,000, initialement payable par une note convertible 茅ch茅ant le 30 mars 2030, convertible 脿 80% du cours de n茅gociation ant茅rieur avec un plancher de US$0,3.
Amendement (8 ao没t 2025) : Les parties ont modifi茅 l'accord afin que la contrepartie soit pay茅e en esp猫ces de HK$15,000,000, que la transaction soit finalis茅e dans les 5 jours ouvrables suivant l'amendement, et que le Vendeur mette fin aux Notes ; le Vendeur n'avait converti aucun montant avant l'amendement. Voir l'annexe 99.1.
罢谤补苍蝉补办迟颈辞苍蝉眉产别谤蝉颈肠丑迟: WANG & LEE GROUP, Inc. schloss eine Vereinbarung zum Erwerb des gesamten ausgegebenen Aktienkapitals von Solar (HK) Limited f眉r HK$15,000,000, urspr眉nglich zu erf眉llen durch eine wandelbare Schuldverschreibung mit F盲lligkeit 30. M盲rz 2030, wandelbar zu 80% des vorherigen Handelspreises mit einer Untergrenze von US$0,3.
脛nderung (8. Aug. 2025): Die Parteien 盲nderten die Vereinbarung dahingehend, dass die Gegenleistung in Bargeld in H枚he von HK$15,000,000 gezahlt wird, die Transaktion innerhalb von 5 Gesch盲ftstagen nach der 脛nderung abgeschlossen wird und der Verk盲ufer die Notes k眉ndigen wird; der Verk盲ufer hatte vor der 脛nderung keinen Betrag umgewandelt. Siehe Anlage 99.1.
FAQ
What is WLGS acquiring in this Form 6-K?
How was the acquisition originally structured for WLGS (WLGS)?
What changed under the August 8, 2025 Amendment?
Did the Vendor convert any portion of the Note before the Amendment?
Where is the Amendment documented?
