Report of Foreign Issuer (6-k)
November 25 2015 - 6:46AM
Edgar (US Regulatory)
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 November 2015
Commission
File Number: 001-34238
THE9 LIMITED
Building
No. 3, 690 Bibo Road
Zhangjiang Hi-tech Park, Pudong New Area
Shanghai 201203, Peoples 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 x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(7): ¨
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.
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THE9 LIMITED |
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By |
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/s/ Jun Zhu |
Name |
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Jun Zhu |
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Chairman and Chief Executive Officer |
Date: November 25, 2015
Exhibit Index
Exhibit 99.1Press Release
Exhibit 99.1
The9 Limited Signs Definitive Agreement Regarding Sale of Senior Secured Convertible Bonds and Warrants
Shanghai, China November 25, 2015. The9 Limited (the Company, NASDAQ: NCTY), an online game operator, today announced that it
has signed a definitive agreement with Splendid Days Limited (the Investor) on November 24, 2015, pursuant to which the Investor will subscribe for 12% senior secured convertible bonds of the Company in an aggregate principal amount
of US$40,050,000 (the Notes) in addition to warrants in an aggregate principal amount of US$9,950,000. The Notes will be divided into three tranches, each of which will be convertible into ADSs of the Company at an initial conversion
price of US$2.6, US$5.2 and US$7.8, respectively, per ADS, provided that at no time shall the Investor convert any portion of the Notes if subsequent to such conversion the Investor will hold more than 20% of the outstanding and issued shares of the
Company. The Notes will bear interest at a rate of 12% per year, payable upon redemption of the Notes. The Notes will be due in 2018, subject to an extension for two years at the discretion of the Investor. The completion of the transaction is
subject to customary closing conditions.
The Investor is a wholly-owned subsidiary of Ark Pacific Special Opportunities Fund I, L.P.
(APSOFI). APSOFI is a private equity special situations fund managed by Ark Pacific.
About The9 Limited
The9 Limited is an online game developer and operator in China. The9 Limited develops and operates, directly or through its affiliates, its proprietary MMO and
mobile games including Firefall and Song of Knights. The9 Limited also engages in mobile advertising and mobile app education businesses. The9 Limited has formed a joint venture with Shanghai ZTE to develop and operate home entertainment set top box
business.
Safe Harbor Statement
This announcement
contains forward-looking statements. These statements are made under 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
will, expects, anticipates, future, intends, plans, believes, estimates and similar statements. Among other things, statements about the potential
transaction may constitute forward-looking statements. Statements that are not historical facts, including statements about The9 Limiteds beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent
risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, political and economic
policies of the Chinese government, the laws and regulations governing the online game industry, information disseminated over the Internet and Internet content providers in China, intensified government regulation of Internet cafes, The9
Limiteds ability to retain existing players and attract new players, The9 Limiteds ability to license, develop or acquire additional online games that are appealing to users, The9 Limiteds ability to anticipate and adapt to
changing consumer preferences and respond to competitive market conditions, and other risks and uncertainties outlined in The9 Limiteds filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 20-F. The9
Limited does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For further information, please contact:
Ms. Wendy Weng
Investor Relations Manager
The9 Limited
Tel: +86 (21) 5172-9990
Email: IR@corp.the9.com
Website: http://www.corp.the9.com/
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