Company: AGCC
Filing Date: 2025-07-29
Form Type: F-1/A
Source: 0001213900-25-068743
Chunk: 63

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-07-29
Form: F-1/A
Chunk 63
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 or preclude your ability to influence corporate matters, including the election of directors, amendments of our organizational documents, and any merger, consolidation, sale of all or substantially all of our assets, or other major corporate transactions requiring shareholder approval, and that may adversely affect the trading price of our Class A Ordinary Shares. Each Class B Ordinary Share has ten (10) votes per share, and our Class A Ordinary Shares, which we are selling in this Offering, have one (1) vote per share. Following this Offering, our Controlling Shareholders, through Ping Shiang Business Ltd, will beneficially own 14,500,000 Class A Ordinary Shares, approximately 73.93% of our outstanding Class A Ordinary Shares (or 72.95% of our outstanding Class A Ordinary Shares assuming the underwriters exercise their over -allotmentoption in full) and 14,500,000 Class B Ordinary Shares, representing 96.89% (or 96.74%, assuming the underwriters exercise their over -allotmentoption in full) of the aggregate total voting power of our then total issued and outstanding share capital and therefore control all matters submitted to our shareholders for approval. Subsequent to the Offering, 19,614,000 Class A Ordinary Shares (assuming an offering size as set forth above) and 14,500,000 Class B Ordinary Shares will be issued and outstanding. A controlling shareholder will need to keep more than 82,307,000 Class A Ordinary Shares or 8,230,700 Class B Ordinary Shares to control 50% of the total voting power of our then outstanding Ordinary Shares, assuming the underwriters do not exercise their over -allotmentoption. In addition, there is no restriction for potential future issuances of Class B Ordinary Shares. If such occurred, the voting power of the holders of the Class A Ordinary Shares will be diluted. The Controlling Shareholders will have the ability to determine all matters requiring approval by shareholders and that the concentrated control may limit or preclude your ability to influence corporate matters for the foreseeable future, including the election of directors, amendments of our organizational documents and any merger, consolidation, sale of all or substantially all of our assets or other major corporate transactions requiring shareholder approval. In addition, this concentrated control may prevent or discourage unsolicited acquisition proposals or offers for our capital stock that you may feel are in your best interest as one of our shareholders. As a result, such concentrated control may adversely affect the market price of our Class A Ordinary Shares.