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 October 2025
Commission File Number: 001-33765
Yueda Digital Holding
(Translation of registrant’s name into
English)
7545 Irvine Center Drive
Suite 200
Irvine, CA 92618
The United States
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
On October 15, 2025, Yueda
Digital Holding, a Cayman Islands exempted company with limited liability (the “Company”) entered into a securities purchase
agreement (the “Purchase Agreement”) with certain institutional investors named thereto (the “Purchasers”), pursuant
to which the Company agreed to issue and sell, in a registered direct offering (the “Offering”): (i) 28,000,000 Class A ordinary
share, par value $0.04 per share (the “Class A Ordinary Shares”) included in 28,000,000 units (the “Units”), each
consisting of one Class A Ordinary Share, and one warrant, each exercisable to purchase Class A Ordinary Share (each, a “Warrant”),
and (ii) up to 364,000,000 Class A Ordinary Shares (“Warrant Shares”) issuable upon exercise of the Warrants to purchase Class
A Ordinary Shares at a zero exercise price, at a purchase price of $1.00 per Unit.
The Offering closed on October
16, 2025. The Company received approximately $28 million in gross proceeds from the Offering, before deducting placement agent fees and
estimated offering expenses. The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.
Each of the Warrants has an
initial exercise price of $1.00 per Class A Ordinary Share and is exercisable beginning on the date of the issuance date and ending on
the one year of the issuance date. The Warrants include provisions for alternative cashless exercise, pursuant to which holders of Warrants
may effect a “zero exercise price option,” under which up to 364,000,000 Warrant Shares may be issuable in aggregate under
all Warrants. Subject to limited exceptions, a holder of Warrants will not have the right to exercise any portion of its Warrants if the
holder, together with its affiliates, would beneficially own in excess of 4.99% (or, at the election of the holder, such limit may be
increased to up to 9.99%) of the number of Class A Ordinary Shares outstanding immediately after giving effect to such exercise. As
of October 21, 2025, the Purchasers have exercised the Warrants to purchase an aggregate of 236,392,000 Class A Ordinary Shares, and the
Company has issued to the Purchasers 236,392,000 Class A Ordinary Shares in accordance with the terms of the Warrants.
The Purchase Agreement contains
customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the
Company, other obligations of the parties, and termination provisions.
In addition, the Company agreed
that for a period of forty five (45) calendar days from the closing date of the Offering, it will not: (i) issue, enter into any agreement
to issue or announce the issuance or proposed issuance of any Class A Ordinary Shares or equivalent securities; or (ii) file any registration
statement or amendment or supplement thereto (other than the Prospectus Supplement, or on Form S-8 or in connection with any employee
benefit plan). In addition, the Company agreed that it will not conduct any sales of Class A Ordinary Shares or equivalent securities
involving a variable rate transaction (as defined in the Purchase Agreement) for a period of forty five (45) calendar days from the closing
date of the Offering, subject to certain exceptions as described in the Purchase Agreement.
The Shares, the Warrants and
the Warrant Shares (together with the Shares and the Warrants, the “Securities”) were offered by the Company pursuant to an
automatic registration statement on Form F-3ASR (File No. 333-290419) (the “Registration Statement”), filed with the Securities
and Exchange Commission (the “Commission”) on September 19, 2025 and automatically became effective upon filing, the base
prospectus filed as part of the Registration Statement, and the prospectus supplement dated October 15, 2025 (the “Prospectus Supplement”).
On October 15, 2025, the Company
entered into a placement agency agreement (the “Placement Agency Agreement”) with Univest
Securities, LLC (“Univest” or the “Placement Agent”), pursuant
to which the Company engaged Univest as the exclusive placement agent in connection with
the Offering. The Placement Agent agreed to use its reasonable best efforts to arrange for the sale of the Shares and the Warrants. In
addition, under the Placement Agency Agreement the Company agreed to pay the Placement Agent a placement agent fee in cash equal to seven
percent (7%) of the aggregate gross proceeds raised from the sale. The Company also agreed to reimburse the Placement Agent at closing
for legal and other expenses incurred by them in connection with the Offering in an amount not to exceed $150,000.
The Placement Agency Agreement
contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations
of the Company and the Placement Agent, including for liabilities under the Securities Act of 1933, as amended (the “Securities
Act”), other obligations of the parties and termination provisions.
The foregoing summaries of
the Placement Agency Agreement, the Purchase Agreement and the Warrants do not purport to be complete and are subject to, and qualified
in their entirety by, such documents filed as Exhibits 10.1, 10.2 and 4.1, respectively, hereto and incorporated by reference herein.
A copy of the press release related to the Offering entitled “Yueda Digital Holding Announces Pricing of $28 Million Registered
Direct Offering” is furnished as Exhibit 99.1 hereto and is incorporated by reference herein.
Copy of the opinion of Conyers
Dill & Pearman LLP relating to the legality of the issuance and sale of the securities is filed as Exhibits 5.1 hereto.
This report is
incorporated by reference into each of (i) the registration statements on Form F-3 (File No. 333-286235
and File No. 333-290419),
and (ii) the registration statement on Form S-8 (File No. 333-290453),
filed with the Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by
documents or reports subsequently filed or furnished.
This report shall not constitute
an offer to sell any securities or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in
any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
Forward-Looking Statements:
This report contains forward-looking
statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and
other Federal securities laws. For example, the Company is using forward-looking statements when it discusses the closings of the Offering.
All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements
are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs,
expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends,
the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties,
risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s
actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should
not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to
differ materially from those indicated in the forward-looking statements include the risks and uncertainties described in the Company’s
annual report on Form 20-F for the year ended December 31, 2024, filed with the Commission on May 2, 2025, and the Company’s other
filings with the Commission, including interim reports. The Company undertakes no obligation to publicly update any forward-looking statement,
whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Exhibit Index
| Exhibit
No. |
|
Description |
| 4.1 |
|
Form
of the Warrants |
| 5.1 |
|
Opinion of Conyers Dill & Pearman LLP |
| 10.1 |
|
Placement Agency Agreement, dated October 15, 2025, by and between the Company and Univest Securities, LLC |
| 10.2 |
|
Form of Securities Purchase Agreement, dated October 15, 2025, by and among the Company and the purchasers thereto |
| 23.1 |
|
Consent of Conyers Dill & Pearman LLP (included in Exhibit 5.1) |
| 99.1 |
|
Press Release |
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.
| |
Yueda Digital Holding |
| |
|
| |
By: |
/s/ Baozhen Guo |
| |
Name: |
Baozhen Guo |
| |
Title: |
Interim Chief Executive Officer |
Date: October 22, 2025
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