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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: July 15, 2025
(Date of earliest event reported)
ATIF HOLDINGS LIMITED
(Exact name of registrant as specified in its charter)
British Virgin Islands |
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001-38876 |
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Not Applicable |
(State or other jurisdiction
of incorporation) |
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(Commission File Number) |
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(IRS Employer
Identification No.) |
420 Goddard, Irvine, CA |
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92618 |
(Address of Principal Executive Offices) |
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(Zip Code) |
308-888-8888
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation 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 |
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Trading Symbol(s) |
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Name of each exchange on which registered |
Ordinary Shares, $0.001 par value |
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ZBAI |
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Nasdaq Capital Market |
Indicate by check mark whether the registrant
is an emerging growth company 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 1.01 |
Entry into a Material Definitive Agreement. |
On July 15, 2025, ATIF Holdings Limited (the “Company”)
entered into a certain securities purchase agreement (the “SPA”) with certain purchasers whom are “non-U.S. Persons”
(the “Investors”) as defined in Regulation S of the Securities Act, pursuant to which the Company agreed to sell an
aggregate of 5,434,782 Class A ordinary shares (the “Shares”), par value $0.001 per share. The purchase price of each
Share is $0.368, and the aggregate purchase price will be approximately $2 million (the “Offering”).
The parties to the SPA have each made customary
representations, warranties and covenants, including, among other things, (a) the Investors are “non-U.S. Persons” as defined
in Regulation S and are acquiring the Shares for the purpose of investment, (b) the absence of any undisclosed material adverse effects,
and (c) the absence of legal proceedings that affect the completion of the transaction contemplated by the SPA.
The closing of the Offering is subject to the
satisfaction or waiver of the various conditions to closing set forth in the SPA. The Shares to be issued in the Offering are exempt from
the registration requirements of the Securities Act of 1933, as amended, pursuant to Regulation S promulgated thereunder.
The net proceeds of the Offering shall be used
by the Company in connection with the Company’s working capital, including but not limited to the planned blockchain and cryptocurrency
mining operation, and general corporate purposes, or other related business as approved by the board of directors of the Company.
The form of the SPA is filed as Exhibit 10.1 to
this Current Report on Form 8-K, and such documents are incorporated herein by reference. The foregoing is only a brief description of
the material terms of the SPA, and does not purport to be a complete description of the rights and obligations of the parties thereunder
and is qualified in its entirety by reference to such exhibits.
Item 9.01. |
Financial Statements and Exhibits. |
(d) Exhibit
No. |
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Description |
10.1 |
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Form of Securities Purchase
Agreement |
104 |
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Cover Page Interactive Data
File (embedded within the Inline XBRL document) |
SIGNATURES
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.
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ATIF Holdings Limited |
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By: |
/s/ Dr. Kamran Khan |
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Dr. Kamran Khan |
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Chief Executive Officer |
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Dated: July 21, 2025 |
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