[makinezmoney]

$SJOYW: Awesommmmmmmmmmmme move to $1.60


WOooooohoooooooooooooooooooooooooooooo


To the Victor......... go the SPOILS :)


Whats my name ????????






GO $SJOYW

[DavesHereMan]

Thanks EZ!

[makinezmoney]

$SJOYW: Thirty FIVE :)


Noooooooooooo worries bruddas !!!!!!!!



And Sistahssssssssss



GO $SJOYW

[makinezmoney]

$SJOYW: THIRTYS gone.......... yuppppppppppp


No sleeping now



GO $SJOYW

[makinezmoney]

$SJOYW: 22s gone !!!!!!!!!



Just like that !


GO $SJOYW

[makinezmoney]

$SJOYW: Buying out BEELIVE


Commons hit $15 in PreMarket









GO $SJOYW



****************************************************







Scienjoy Holding Corporation Signs Agreement to Acquire BeeLive and Expand Its Global Footprint
NEWS PROVIDED BY

Scienjoy Inc.
Aug 12, 2020, 18:00 ET

SHARE THIS ARTICLE


BEIJING, Aug 12, 2020 /PRNewswire/ -- Scienjoy Holding Corporation ("Scienjoy", the "Company", or "We") (NASDAQ: SJ), a leading live entertainment mobile streaming platform in China today announced that it has entered into an Equity Acquisition Framework Agreement (the "Agreement") on August 10, 2020, to acquire 100% of the equity interest in Beelive from its two controlling companies at a total consideration of RMB300 million, including a cash consideration of RMB50 million and share consideration of RMB250 million in ordinary shares to be issued by Scienjoy. The share consideration payments are subject to certain performance conditions and requirements over the following three years.

BeeLive is a global live streaming platform that initially launched in China in November 2016. After establishing a strong foothold in China's live streaming industry, BeeLive began expanding into international markets during the second half of 2019. To date, BeeLive has launched its Arabic language live streaming product in the Middle East and its Thai language live streaming product in Southeast Asia.

Although BeeLive's global expansion is still at an early stage, the platform's activity in overseas markets has demonstrated potential for future growth. As of June 2020, the number of total registered users on BeeLive exceeded 20 million and the number of active live streaming hosts on BeeLive reached 62 thousand. Additionally, during the first half of 2020, BeeLive's ARPU reached RMB2,200, which was higher than the industry average.

"We are pleased to announce our acquisition of BeeLive and remain confident that this arrangement will serve to provide increasing shareholder value over the long term," commented Mr. Victor He, Chairman and Chief Executive Officer of Scienjoy. "As BeeLive has come to establish itself as a leader in the provision of engaging talent show live streaming content and continued to make exceptional progress in its overseas expansion initiatives, we have gained a tremendous amount of respect for both the business and its platform capabilities. Based on the similarities between our business models, we believe that this deal has the potential to generate powerful synergies and thus significantly bolster our competitive advantages in the industry going forward. After thorough analysis, we maintain our belief that this acquisition is a true win-win arrangement for both parties and will help to provide our users with an increasingly vibrant and interactive social environment going forward."

About Scienjoy Holding Corporation

Founded in 2011, Scienjoy is a leading show live streaming video entertainment social platform in China. With more than 200 million registered users, Scienjoy currently operates three primary online live streaming brands with their respective websites and mobile apps: Showself, Lehai, and Haixiu, each using Scienjoy's own mobile applications. Through this collection of online live streaming brands, Scienjoy has created a vibrant, interactive, and close community. Scienjoy operates a mobile live streaming business through which it provides live streaming entertainment from professional "broadcasters" to end-users, allowing for the operation of live social video communities. Using Scienjoy's mobile applications, users can select broadcasters and enter real time video rooms to interact with them. In addition to real-time interactions, users can also view photos posted by broadcasters on their personal pages, leave comments, and engage in private chats with broadcasters when they are not streaming. In addition, users can also play fun and simple games by using virtual currencies within the video rooms while watching the live streaming of a broadcaster.

Safe Harbor Statement

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements include, without limitation, Company's expectations with respect to future performance and anticipated financial impacts of the acquisition, the satisfaction of the closing conditions to the acquisition and the timing of the completion of the acquisition. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the control of the Company and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Agreement relating to the acquisition; (2) the inability to complete the acquisition, including due to failure to satisfy conditions to closing in the Agreement; (3) delays in obtaining or the inability to obtain necessary regulatory approvals required to complete the transactions contemplated by the Agreement; (4) the risk that the acquisition disrupts current plans and operations as a result of the announcement and consummation of the acquisition; (5) the ability to recognize the anticipated benefits of the acquisition; (6) costs related to the acquisition; (7) changes in applicable laws or regulations; and (8) the possibility that Beelive or the Company may be adversely affected by other economic, business, and/or competitive factors. These forward -looking statements are subject to the filings with the Securities and Exchange Commission ("SEC") made by the Company. Company cautions that the foregoing list of factors is not exclusive and cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law. The information contained in any website referenced herein is not, and shall not be deemed to be, part of or incorporated into this press release.

Contacts

Ray Chen
VP, Investor relations
Scienjoy Inc.
[phone]
[e-mail]

Jack Wang
ICR Inc.
[phone]
[e-mail]

SOURCE Scienjoy Inc.

[makinezmoney]

$SJOYW: TicToc Interest from Apple & Microsoft


Hot space.


SJOYW is in it too.


But for China userbase mostly.


Should be some Tailwinds coming here as well.


Sitting pretty at $0.17



GO $SJOYW

[makinezmoney]

$SJOYW: Scienjoys websites are super active


Looks like their userbase just keeps growingn and growing



GO $SJOYW

[threewheeler]

SJOYW a little ask smacking goes along way here

[starkd748]

.12s

[makinezmoney]

$SJOYW: Not quite.......


Chinese Techs have been on FIRE this week.


And this is the only other SPAC other than $PAAC that I can think of.



I've been adding.


We're going to $0.50 easy !



Now at 0.16


GO $SJOYW

[starkd748]

What an epic fail

[weldman]

I see happy I sold..

[Renee]

SJOYW: Delisted from the Nasdaq to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

[threewheeler]

wow crazzy trading this AM

[makinezmoney]

$SJOYW : Big moves coming............ MTC also in BEIJING


Making some Monster moves.


These Chinese tickers can fly like rockets with a blink of an eye.



No sleeping here.



Looking for $SJOY $2 soon



GO $SJOYW

[makinezmoney]

$SJOYW: Whatta vol day......... 300k incoming


This is definitely something.



Time for them to get a news release out.



Maybe some kinda BABA or JD tie-up... that would be awesome



GO $SJOYW

[makinezmoney]

$SJOYW: Lavanco will get us there...............


They wanna get paid after all................


Lavacano Holdings Limited reported a beneficial ownership stake of 15,570,600 shares or about 66.97% in Scienjoy Holding Corp. (SJ) in a Schedule 13D filed with the U.S. Securities and Exchange Commission on May 07, 2020. The full text of this SEC filing can be retrieved at: www.sec.gov/Archives/edgar/data/1753673/000121390020012750/ea121995-sc13dlavac_scienjoy.htm Any exhibits and associated documents for this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/1753673/000121390020012750/0001213900-20-012750-index.htm A Schedule 13D is filed with the SEC within 10 days of an entity's attaining 5% or greater position in any class of a company's securities. Subsequent changes in holdings or intentions must be reported in amended filings. (END) Dow Jones Newswires May 18, 2020 06:50 ET (10:50 GMT) Copyright (c) 2020 Dow Jones & Company, Inc. Story ID: 20200518DN003263



GO $SJOYW

[dinogreeves]

Need the commons to get over 7-8 dollars and within the next months or so over the strike price and the warrants will act accordingly.

[makinezmoney]

$SJOYW: Great volume piling in now.........


I'm telling you... we're gonna have a 500k day that sends this to $2



No sweat.



Now $0.19



GO $SJOYW

[Grateful_Trader]

Glad you could make it :)

[weldman]

Yes I keep an eye on this.

[moneymarkets]

Good to know. Will be sticking around on this one. MM

[moneymarkets]

Holy crap! So just on sales alone at 1.0X, shouldn't this be a $6.00+ stock at some point soon? What am I missing? MM

[dinogreeves]

Yes. The only issue with this one for the time being is liquidity issues both the commons and warrants, but if the commons get closer to strike price of 11.50 the warrants will act accordingly, you want an awesome liquidity stock and that would be FMC*I and FMCI*W, those will get the strike price around June 10th. Good luck.

[threewheeler]

IHub shows 23M https://ih.advfn.com/stock-market/NASDAQ/scienjoy-SJ/stock-price

[moneymarkets]

So $150M in rev, 22M shares? Again, somebody help me with this one because if so, this is going to explode! MM

[moneymarkets]

So around 22M shares? Am I reading that right? MM

[T4KingOff]

Im still here, like this one a lot. I can wait for it

[makinezmoney]

$SJOYW: Feels like theres a 500k volume buy coming


The STEAM will be rapid.............. and intense



GO $SJOYW

[makinezmoney]

$SJOYW: We're not far off from 55


Well within reach.


Nice juicy 50k buy there !!!!!!!!!!


GO $SJOYW

[threewheeler]

SJOYW some nice ask smacking today

[Squirrely_McShitty]

Ask - 100 @ 4,294.67. I will take $SJOYW for 100, Alex.

[threewheeler]

https://www.otcmarkets.com/stock/SJ/disclosure

[threewheeler]

SJ huge insider holdings http://archive.fast-edgar.com//20200518/AO22B62CLC22OZ7222272ZY2SID22222O222/ with revs increasing can earn more shares, so very much aligned with share holders, Item 4. Purpose of Transaction


The purpose of the transaction was to list Scienjoy’s mobile entertainment live streaming business on the U.S. capital market to capitalize the emerging opportunities through a business combination between the Issuer and Scienjoy. As part of the business combination, Lavacano acquired the Ordinary Shares of the Issuer pursuant to the Share Exchange Agreement.



Pursuant to the Share Exchange Agreement, Lavacano may be entitled to receive additional earnout shares as follows:



(1) if Scienjoy’s net income before tax for the year ended December 31, 2020 is greater than or equal to either US$28,300,000 or RMB 190,000,000, Lavacano will be entitled to receive 2,400,000 ordinary shares of the Issuer (subject to the reclassification of the Ordinary Shares of the Issuer as described below); and



2




(2) if Scienjoy’s net income before tax for the year ended December 31, 2021 is greater than or equal to either US$35,000,000 or RMB 235,000,000, Lavacano will be entitled to receive 2,400,000 Ordinary Shares of the Issuer (subject to the reclassification of the Ordinary Shares of the Issuer as described below).



Notwithstanding the net income before tax achieved by the Issuer for any period, Lavacano will receive (i) 2,400,000 Ordinary Shares if the share price of the Issuer is higher than $20.00 for any sixty days in any period of ninety consecutive trading days between May 8, 2021 and May 7, 2022, and (ii) 2,400,000 Ordinary Shares if the share price of the Issuer is higher than $25.00 for any sixty days in any period of ninety consecutive trading between May 8, 2022 and May 7, 2023.



Pursuant to the Escrow Agreement among Loeb & Loeb LLP, the Issuer (then known as Wealthbridge Acquisition Limited), Lavacano, and WBY dated May 7, 2020, the Issuer has deposited 1,640,000 Ordinary Shares to secure the indemnification obligations of Lavacano and WBY as contemplated by the Share Exchange Agreement. In the event any portion of the escrow shares remains in escrow with Loeb & Loeb LLP, as the escrow agent, on May 7, 2021, the remaining escrow shares will be released to Lavacano and WBY according to applicable percentage as set forth in the Escrow Agreement within 5 business days.



Pursuant to the Registration Rights Agreement among the Issuer (then known as Wealthbridge Acquisition Limited), Lavacano, and WBY dated May 7, 2020, Lavacano will be entitled to (i) make a written demand for registration under the Securities Act of 1933 of all or part of the closing payment shares (up to a maximum of two demands in total), and (ii) “piggy-back” registration rights with respect to registration statements filed following the consummation of the transaction contemplated under the Share Exchange Agreement. and more shares http://archive.fast-edgar.com//20200518/AU2ZF62CLC22BZ6222232ZY2CEKGZ222OG22/ Item 4. Purpose of Transaction


The purpose of the transaction was to list Scienjoy’s mobile entertainment live streaming business on the U.S. capital market to capitalize the emerging opportunities through a business combination between the Issuer and Scienjoy. As part of the business combination, WBY acquired the Ordinary Shares of the Issuer pursuant to the Share Exchange Agreement.









Page 5



Pursuant to the Share Exchange Agreement, WBY may be entitled to receive additional earnout shares as follows:



(1) if Scienjoy’s net income before tax for the year ended December 31, 2020 is greater than or equal to either US$28,300,000 or RMB 190,000,000, WBY will be entitled to receive 600,000 ordinary shares of the Issuer (subject to the reclassification of the Ordinary Shares of the Issuer as described below); and



(2) if Scienjoy’s net income before tax for the year ended December 31, 2021 is greater than or equal to either US$35,000,000 or RMB 235,000,000, WBY will be entitled to receive 600,000 Ordinary Shares of the Issuer (subject to the reclassification of the Ordinary Shares of the Issuer as described below).



Notwithstanding the net income before tax achieved by the Issuer for any period, WBY will receive (i) 600,000 Ordinary Shares if the share price of the Issuer is higher than $20.00 for any sixty days in any period of ninety consecutive trading days between May 8, 2021 and May 7, 2022, and (ii) 600,000 Ordinary Shares if the share price of the Issuer is higher than $25.00 for any sixty days in any period of ninety consecutive trading between May 8, 2022 and May 7, 2023.



Pursuant to the Escrow Agreement among Loeb & Loeb LLP, the Issuer (then known as Wealthbridge Acquisition Limited), Lavacano, and WBY dated May 7, 2020, the Issuer has deposited 1,640,000 Ordinary Shares to secure the indemnification obligations of Lavacano and WBY as contemplated by the Share Exchange Agreement. In the event any portion of the escrow shares remains in escrow with Loeb & Loeb LLP, as the escrow agent, on May 7, 2021, the remaining escrow shares will be released to Lavacano and WBY according to applicable percentage as set forth in the Escrow Agreement within 5 business days.



Pursuant to the Registration Rights Agreement among the Issuer (then known as Wealthbridge Acquisition Limited), Lavacano, and WBY dated May 7, 2020, WBY will be entitled to (i) make a written demand for registration under the Securities Act of 1933 of all or part of the closing payment shares (up to a maximum of two demands in total), and (ii) “piggy-back” registration rights with respect to registration statements filed following the consummation of the transaction contemplated under the Share Exchange Agreement.

[Grateful_Trader]

Factual!!!!

[dinogreeves]

That is also bag holders wet dream.

[Grateful_Trader]

Her next pick..... G*NCP
Golds going up, the CEO said so!
Buy now or chase later!

[Grateful_Trader]

Makes sense, that's why she's over here stirring up trouble!

[dinogreeves]

I think she got the hots for Weldman.