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CN Energy (CNEY) plans $2M all-share acquisition of Blessing Logistics

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

CN Energy Group Inc. entered into a Share Purchase Agreement to acquire 100% of Canada-based Blessing Logistics Ltd., a company engaged in crude oil trading, logistics and related services. The agreed purchase price is US$2,000,000, payable entirely in newly issued Class A ordinary shares.

The number of shares will be based on the five-day volume weighted average price of CN Energy’s stock immediately before closing, subject to adjustments in the agreement. Closing is subject to customary conditions, is currently expected on or before March 31, 2026, and no consideration shares have been issued yet.

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Insights

CN Energy plans a US$2M all-share acquisition of an oil logistics firm.

CN Energy Group Inc. agreed to acquire 100% of Blessing Logistics Ltd. for US$2,000,000, paid solely in newly issued Class A shares. Blessing operates in crude oil trading and logistics, adding a different line of business to CN Energy’s existing operations.

The share count will be set using the five-day volume weighted average price before closing, so actual dilution depends on CN Energy’s trading price during that window. Closing is subject to customary conditions and is expected on or before March 31, 2026, but completion is not assured under the disclosed language.

 

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 February 2026

 

Commission file number: 001-39978

 

CN ENERGY GROUP. INC.

 

Building 2-B, Room 206, No. 268 Shiniu Road

Liandu District, Lishui City, Zhejiang Province

The People’s Republic of China

(Address of principal executive offices)

 

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 ☒ Form 40-F ☐

 

 

 

  

Entry into a Material Definitive Agreement.

 

On February 19, 2026, CN Energy Group. Inc., a British Virgin Islands company (the “Company”), entered into a Share Purchase Agreement (the “Purchase Agreement”) with Blessing Logistics Ltd., a corporation organized under the laws of Alberta, Canada (the “Target”), and the shareholders of the Target (the “Sellers”). Pursuant to the Agreement, the Company agreed to acquire 100% of the issued and outstanding shares of the Target from the Sellers (the “Transaction”). The Target is engaged in crude oil trading, logistics and related services.

 

The aggregate purchase price for the Target is US$2,000,000, subject to adjustment as set forth in the Purchase Agreement and shall be paid solely through the issuance of newly issued Class A ordinary shares of the Company (the “Consideration Shares”). The number of Consideration Shares to be issued will be determined based on the volume weighted average price of the Company’s Class A ordinary shares for the five consecutive trading days immediately preceding the closing date, subject to adjustment as provided in the Purchase Agreement.

 

The closing of the Transaction is subject to customary conditions. The Company currently expects the Transaction to close on or before March 31, 2026. There can be no assurance that the Transaction will be completed on the terms described above, or at all, or as to the timing of any closing. No Consideration Shares have been issued as of the date of this report.

 

The foregoing description of the Share Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Share Purchase Agreement, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.

 

This report of foreign private issuer on Form 6-K, excluding Exhibit 99.1 attached hereto, is hereby incorporated by reference into the registration statement on Form F-3 of the Company (File Number 333-292319), as amended, and into the prospectus outstanding under the foregoing Registration Statement, to the extent not superseded by documents or report subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

 

On February 23, 2026, the Company issued a press release announcing the signing of the Purchase Agreement. A copy of the aforesaid press release is attached hereto as Exhibit 99.1. The press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements.

 

The information in Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. Such information shall not be deemed incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-292319), as amended, or into prospectus forming a part thereof, or into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

 

EXHIBIT

 

Exhibit No.

 

Description

10.1

 

Share Purchase Agreement, dated February 19, 2026 by and between the Company and Blessing Logistics Ltd.

99.1

 

Press Release dated February 23, 2026.

 

 

2

 

  

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.

 

 

CN Energy Group. Inc.

 

 

 

Date: February 24, 2026

By:

/s/ Wenhua Liu

 

Name:

Wenhua Liu

 

Title:

Interim Chief Executive Officer

 

 

3

 

FAQ

What transaction did CN Energy Group Inc. (CNEY) announce in this Form 6-K?

CN Energy Group Inc. agreed to acquire 100% of Blessing Logistics Ltd., a crude oil trading and logistics company, through a Share Purchase Agreement. The deal is structured as an all-share purchase and is described as a material definitive agreement for the company.

What is the purchase price CN Energy (CNEY) will pay for Blessing Logistics Ltd.?

The agreed purchase price for Blessing Logistics Ltd. is US$2,000,000. This amount will be paid entirely in newly issued Class A ordinary shares of CN Energy, rather than cash, with the final share count determined by a volume weighted average price formula.

How will CN Energy (CNEY) determine the number of shares issued in the acquisition?

The number of consideration shares CN Energy issues will be based on the volume weighted average price of its Class A ordinary shares over the five consecutive trading days immediately before closing, subject to adjustments specified in the Share Purchase Agreement between the company and the sellers.

When does CN Energy (CNEY) expect the Blessing Logistics acquisition to close?

CN Energy currently expects the acquisition of Blessing Logistics to close on or before March 31, 2026. However, the closing is subject to customary conditions, and the company explicitly notes there is no assurance the transaction will be completed on those terms or timing.

Has CN Energy (CNEY) issued any shares yet for the Blessing Logistics transaction?

No, CN Energy has not issued any consideration shares as of the report date. The company states that no Class A ordinary shares have been issued for the Blessing Logistics acquisition, as closing conditions still need to be satisfied before the share issuance can occur.

How is this CN Energy (CNEY) 6-K related to its existing Form F-3 registration statement?

The Form 6-K, excluding the press release exhibit, is incorporated by reference into CN Energy’s Form F-3 registration statement and its related prospectus. This means the disclosed acquisition information becomes part of the offering documents, unless later superseded by additional company filings.

Filing Exhibits & Attachments

2 documents
Cn Energy Group Inc

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