Hong Kong is old news, more than a year old. Does it matter what Name the newly formed Company is called? Would it be better if the "Investor" Company was called "LQMT China" ? Its Just a holding Company formed to facilitate Investment into LQMT by Mr. Li.
LIQUIDMETAL TECHNOLOGIES, INC. FORM 8-K Item 1.01. Entry into a Material Definitive Agreement.
Date of Report (Date of earliest event reported): March 10, 2016
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Item 1.01. Entry into a Material Definitive Agreement. On March 10, 2016, Liquidmetal Technologies, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Liquidmetal Technology Limited, a Hong Kong company (the “Investor”), providing for the purchase by Investor of up to 405,000,000 shares of the Company’s common stock for an aggregate purchase price of $63.4 million. Investor is a newly formed company owned by Mr. Yeung Tak Lugee Li (“Mr. Li”) that was organized for purposes of making an investment in the Company pursuant to the Purchase Agreement. ———-- STOCK PURCHASE WARRANT THIS CERTIFIES THAT, for value received, LIQUIDMETAL TECHNOLOGY LIMITED, a Hong Kong corporation, or its registered assigns, is entitled to purchase from Liquidmetal Technologies, Inc., a Delaware corporation (the “Company”), at any time or from time to time during the period specified in Paragraph 2 hereof, 10,066,809 fully paid and nonassessable shares of the Company’s Common Stock, par value $.001 per share (the “Common Stock”), at an exercise price per share equal to $0.07 (the “Exercise Price”). The term “Warrant Shares,” as used herein, refers to the shares of Common Stock purchasable hereunder. The Warrant Shares and the Exercise Price are subject to adjustment as provided in Paragraph 4 hereof. ————— SECURITIES PURCHASE AGREEMENT This SECURITIES PURCHASE AGREEMENT (this “Agreement”), effective as of this 10th day of March, 2016, is made by and between Liquidmetal Technologies, Inc., a Delaware corporation (the “Company”), and Liquidmetal Technology Limited, a Hong Kong corporation (“Investor”).
FOR IMMEDIATE RELEASE Company Contact: Otis Buchanan?Media Relations?Liquidmetal Technologies, Inc. 1-949-635-2120 otis.buchanan@liquidmetal.com
Liquidmetal Technologies Raises Up To $63 Million in Partnership with Global Manufacturing Firm EONTEC -Expands Global Footprint and Product Offering-
Rancho Santa Margarita, Calif. – March 14, 2016 - Liquidmetal® Technologies, Inc. (OTCQB: LQMT) ("LQMT"), the world’s leading developer of amorphous alloys, announced today that it closed on a financing transaction of up to $63.4 million (initial closing occurred on March 10, 2016 in the amount of $8.4 million through the sale of equity to a private investor, with a commitment for an additional investment in the amount of $55.0 million subject to an increase in authorized shares to be approved by shareholders) . The investment was made in conjunction with a cross-licensing agreement with DongGuan EONTEC Co., Ltd. (“EONTEC”), a publicly traded company on the Shenzhen Stock Exchange (300328.sz).
EONTEC is a global manufacturing company headquartered in Hong Kong with manufacturing plants in China. It specializes in new material development, such as bulk metallic glasses and medical grade magnesium for implants. The company possesses a full set of mass production capabilities for zirconium based amorphous alloys, including material refining, tooling, and machining, surface treatment, as well as equipment and machine building capabilities for making large parts out of bulk metallic glass. The equity investment in LQMT was made by Professor Lugee Li, who is also the Chairman and majority stockholder of EONTEC. Professor Li serves as an Analyst for the Institute of Metal Research at the Chinese Academy of Sciences and teaches at several universities in China. As part of the transaction, Professor Li was elected as a Board member of LQMT.
“EONTEC’s capabilities complement LQMT’s focus on production of high-performance parts, allowing LQMT to address a broad range of market opportunities from automotive, medical, and industrial customers. This partnership positions LQMT well to support design and production globally at a vastly increased pace. ”, said Professor Li.
The Only Difference Between a Short-Term and Long-Term Investment is Stock Performance. ~Unknown.
