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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 March 2025

 

Commission File Number: 001-40238

 

 

SANTECH HOLDINGS LIMITED

 

 

Level 15, AIA Central, No.1 Connaught Road Central

Central, Hong Kong

(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 x   Form 40-F ¨  

 

 

 

 

 

 

EXPLANATORY NOTE

 

On March 19, 2025, Santech Holdings Limited (the “Company”) issued a press release announcing that the Company entered into a share subscription agreement with Carmel Holdings Limited on March 17, 2025, pursuant to which the Company agreed to issue to Carmel Holdings Limited 112,000,000 restricted ordinary shares of the Company (the “Subscription Shares”) at a total consideration of approximately US$1.0 million. With approval from the Board of Directors of the Company, the issuance of the Subscription Shares has been completed on March 19, 2025. A copy of the press release is attached hereto as Exhibit 99.1.

 

 

 

 

Exhibits

 

99.1 Press release dated March 19, 2025

 

 

 

 

SIGNATURE

 

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.

 

Santech Holdings Limited  
   
By: /s/ Lawrence Lok  
Name: Lawrence Lok  
Title: Chairman and CEO  

 

Date: March 19, 2025

 

 

 

 

Exhibit 99.1

Santech Holdings Announces Completion of Issuance of Ordinary Shares

 

HONG KONG, March 19, 2025 (GLOBE NEWSWIRE) – On March 17, 2025, Santech Holdings Limited (NASDAQ: STEC) (the “Company”), entered into a share subscription agreement and raised additional capital to fund its current operations. Pursuant to the share subscription agreement, the Company will issue to Carmel Holdings Limited 112,000,000 restricted ordinary shares of the Company (the “Subscription Shares”) for a total consideration of approximately US$1.0 million.

 

With the approval of all independent directors of the Board of Directors, issuance of the Subscription Shares has been completed on March 19, 2025. The total proceeds to the Company are approximately US$1.0 million, which will be used to support the Company’s liquidity and working capital needs.

 

Carmel Holdings Limited is a company duly incorporated and validly existing under the laws of the British Virgin Islands, controlled by Lawrence Wai Lok, Chief Executive Officer. This issuance of ordinary shares marks the completion of another key step in the Company’s ongoing efforts in restructuring and business reorganization.

 

About Santech Holdings Limited

 

Santech Holdings Limited (NASDAQ: STEC) is a consumer-focused technology company. The Company historically served a large number of high net-worth clients in China in financial services and health management, and accumulated a large customer base. The Company has exited or disposed of its historical businesses in financial services and is actively exploring innovative new opportunities in technology, including but not limited to new retail, social e-commerce and metaverse. For more information, please visit https://ir.santechholdings.com.

 

Safe Harbor Statement

 

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “anticipate,” “estimate,” “forecast,” “plan,” “project,” “potential,” “continue,” “ongoing,” “expect,” “aim,” “believe,” “intend,” “may,” “should,” “will,” “is/are likely to,” “could” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

Investor Contact:

 

Santech Holdings Limited
Email: ir@santechholdings.com