$3M preferred share deal gives Skillful Craftsman (EDTK) new capital and votes

Rhea-AI Filing Summary

Skillful Craftsman Education Technology Limited entered into a Securities Purchase Agreement with Xuejun Ji for a private sale of 4,000,000 Series B Preference Shares at $0.75 per share, for total proceeds of $3,000,000 to the company.

The purchase price will be funded in four installments between March 31, 2026 and March 31, 2027, with corresponding share issuances at each step. Each Series B Preference Share carries 200 votes at shareholder meetings and is convertible, at the holder’s option, into one ordinary share. The creation and issuance of these Series B shares had already been approved by the board and shareholders at an extraordinary general meeting on October 10, 2025.

Insights

Capital structure and securities analyst

Company arranges a $3M staged capital raise via high-vote, convertible preferred shares.

Skillful Craftsman is set to receive $3,000,000 from a single investor, Xuejun Ji, through 4,000,000 Series B Preference Shares priced at $0.75 each. Payments and share issuances are spread over four dates through March 31, 2027, so cash inflows are phased rather than immediate.

Each Series B Preference Share carries 200 votes and is convertible into one ordinary share, concentrating significant voting power with the purchaser while also creating a path to future ordinary equity. The structure and issuance were already approved at an extraordinary general meeting on October 10, 2025, which reduces procedural risk but does not address how conversion timing or future governance dynamics may evolve.

Form 6-K: How Foreign Companies Report to the SEC →

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 2026

Commission file number: 001-39360

SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED

7th Floor, West Lobby, Building 7B

Shenzhen Bay Science and Technology Ecological Park

Nanshan District, Shenzhen, Guangdong Province, China

(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 March 25, 2026, Skillful Craftsman Education Technology Limited (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with Mr. Xuejun Ji (the “Purchaser”). Pursuant to the Agreement, the Company will issue and sell 4,000,000 Series B Preference Shares of the Company (the “Shares”) to Mr. Ji at a price of US$0.75 per share, for an aggregate purchase price of US$3,000,000. The Purchaser shall pay the total purchase price of $3,000,000 to the Company and the Company shall issue the applicable Shares in installments: (i) $500,000 for 666,667 Shares on or before March 31, 2026; (ii) $500,000 for 666,666 Shares on or before September 30, 2026; (iii) $1,000,000 for 1,333,334 Shares on or before December 31, 2026; and (iv) $1,000,000 for 1,333,333 Shares on or before March 31, 2027. Each Series B Preference Share has 200 votes at the general meeting of shareholders and is convertible into one ordinary share of the Company at the holder’s option. The designation and issuance of Series B Preference Shares were approved by the Board of Directors and the Company’s shareholders at its extraordinary general meeting held on October 10, 2025.

EXHIBIT INDEX

Exhibit Number		Description
10.1		Securities Purchase Agreement by and between Skillful Craftsman Education Technology Limited and Xuejun Ji dated March 25, 2026

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.

	SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED
	(Registrant)
	By:	/s/ Bin Fu
	Name:	Bin Fu
	Title:	Chief Executive Officer

Date: March 27, 2026

FAQ

What transaction did Skillful Craftsman (EDTK) announce in this Form 6-K?

Skillful Craftsman entered a Securities Purchase Agreement with Xuejun Ji to issue 4,000,000 Series B Preference Shares at $0.75 each. This will provide the company with total proceeds of $3,000,000, delivered through staged payments tied to specified dates through March 31, 2027.

How much capital will Skillful Craftsman (EDTK) receive from the Series B Preference Share sale?

The company will receive $3,000,000 in total from selling 4,000,000 Series B Preference Shares at $0.75 per share. The Purchaser, Xuejun Ji, will pay this amount in four installments, each linked to a specific number of shares and deadline date.

What are the key rights of Skillful Craftsman’s new Series B Preference Shares?

Each Series B Preference Share carries 200 votes at general shareholder meetings and is convertible into one ordinary share at the holder’s option. This combination gives the investor substantial voting influence while preserving the ability to switch into ordinary equity on a one-for-one basis.

When will the installments for Skillful Craftsman’s Series B share purchase be paid?

Installments are scheduled as follows: $500,000 on or before March 31, 2026, another $500,000 on or before September 30, 2026, $1,000,000 on or before December 31, 2026, and the final $1,000,000 on or before March 31, 2027.

Was the issuance of Skillful Craftsman (EDTK) Series B Preference Shares already approved?

Yes. The designation and issuance of the Series B Preference Shares were approved by the board and shareholders at an extraordinary general meeting held on October 10, 2025. The new agreement implements that authorization with a specific investor and payment schedule.

Who is purchasing Skillful Craftsman’s Series B Preference Shares and under what agreement?

Investor Xuejun Ji is purchasing the 4,000,000 Series B Preference Shares under a Securities Purchase Agreement dated March 25, 2026. The agreement sets the $0.75 per-share price, the $3,000,000 total, and the four-installment payment and issuance structure.

Filing Exhibits & Attachments

1 document

Agreements & Contracts

• EX-10.1 EX-10.1 118.2 KB