0001213900-21-003597.txt : 20210122 0001213900-21-003597.hdr.sgml : 20210122 20210122060230 ACCESSION NUMBER: 0001213900-21-003597 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20210122 FILED AS OF DATE: 20210122 DATE AS OF CHANGE: 20210122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Acorn International, Inc. CENTRAL INDEX KEY: 0001365742 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS RETAIL [5900] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33429 FILM NUMBER: 21543673 BUSINESS ADDRESS: STREET 1: 18/F, 20TH BUILDING, 487 TIANLIN ROAD CITY: SHANGHAI STATE: F4 ZIP: 200233 BUSINESS PHONE: 8621-51518888 MAIL ADDRESS: STREET 1: 18/F, 20TH BUILDING, 487 TIANLIN ROAD CITY: SHANGHAI STATE: F4 ZIP: 200233 6-K 1 ea133765-6k_acorninter.htm REPORT OF FOREIGN PRIVATE ISSUER

 

 

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 January, 2021

 

Commission File Number 001-33429

 

Acorn International, Inc.

(Registrant’s name)

 

5/F, YueShang Plaza, 1 South Wuning Road, Shanghai 200042, People’s Republic of China

 (Address of principal executive office)

 

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

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

 

 

 

 

 

  

EXHIBITS

 

Exhibit   Description
     
99.1   Press Release dated January 22, 2021

 

1

 

  

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, thereunto duly authorized.

 

Date: January 22, 2021    
     
  Acorn International, Inc
     
  By: /s/ Jacob Alexander Fisch
  Name:  Jacob Alexander Fisch
  Title: Chief Executive officer

 

 

 2

 

 

EX-99.1 2 ea133765ex99-1_acorninter.htm PRESS RELEASE DATED JANUARY 22, 2021

Exhibit 99.1

 

 

Acorn International’s Shareholders Approve Going Private Transaction

 

SHANGHAI, January 22, 2021 -- Acorn International, Inc. (NYSE: ATV) (“Acorn” or the “Company”), a leading marketing and branding company in China, today announced that at an extraordinary general meeting of shareholders (the “EGM”) held today, the Company’s shareholders voted in favor of, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the “Merger Agreement”) with First Ostia Port Ltd., a Cayman Islands exempted company (“Parent”), and Second Actium Coin Ltd., a Cayman Islands exempted company and a wholly-owned subsidiary of Parent (“Merger Sub”), the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the “Plan of Merger”) in connection with the Merger; and the consummation of the transactions contemplated by the Merger Agreement and the Plan of Merger, including the Merger (collectively, the “Transactions”).

 

Approximately 98% of the voting rights of the shares voting in person or by proxy were voted in favor of the proposal to authorize and approve the Merger Agreement, Plan of Merger and the Transactions contemplated by the Merger Agreement, including the merger. A two-thirds majority of the voting power represented by the shares of the Company present and voting in person or by proxy at the EGM was required for approving the merger.

 

The parties currently expect to complete the merger as soon as practicable, subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement. Upon completion of the merger, the Company will become a privately held company and its American depositary shares will no longer be listed on the New York Stock Exchange.

 

About Acorn International, Inc.

 

Acorn International is a leading marketing and branding company in China, leveraging a twenty-year direct marketing history to monetize brand IP, content creation and distribution, and product sales, through digital media in China. For more information visit www.acorninternationalgroup.com.

 

Safe Harbor Statement 

 

This news release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “anticipates,” “believes,” “estimates,” “expects,” “future,” “going forward,” “intends,” “outlook,” “plans,” “target,” “will,” “would,” “potential,” “proposal” and similar statements. Such statements are based on current expectations and current economic, market and operating conditions, and relate to events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond control, including whether certain conditions precedent to the Merger will be satisfied, which (if they are not) would mean the Merger may not close, and may cause actual results, performance, actions, or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.

 

Investor Contacts:

 

Acorn International, Inc.

Compass Investor Relations
Mr. Jacob A. Fisch Ms. Elaine Ketchmere, CFA
Phone +86-21-5151-8888 Phone: +1-310-528-3031
Email: ir@chinadrtv.com Email: Eketchmere@compass-ir.com
www.acorninternationalgroup.com www.compassinvestorrelations.com

 

###

 

 

 

 

 

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