Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 269

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 19
Chunk 269
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shares during the Valuation Period by97%. As of December 31, 2023, the Company issued7,683(post-reverse stock split adjusted to1,280)
Class A ordinary shares and net proceeds was $4,115,706.

On September 9, 2022, the Company entered into a securities purchase
agreement with YA II PN, LTD. Pursuant to the agreement, YA II PN, LTD. shall purchase up to $30million of the Company’s Class
A ordinary shares at the market price by96%, and the company shall issue to YA II PN, LTD. 47(post-reverse stock split adjusted to7)
Class A ordinary shares as a commitment fee. As of December 31, 2023, the Company issued77,231(post-reverse stock split adjusted to12,871) Class A ordinary shares and net proceeds was $10,375,969. In 2024, the Company issued5,825(post-reverse stock split adjusted
to970) Class A ordinary shares and net proceeds was $101,639.

On December 29, 2022, the Company entered into a securities purchase
agreement with TBS Capital LP, (“ TBS”). Pursuant to the agreement, TBS shall purchase up to $15million of the Company’s
Class A ordinary shares at the market price by96%, and the company shall issue to Yorkville47(post-reverse stock split adjusted to7) Class A ordinary shares as a commitment fee. As of December 31, 2023, the Company issued2,513(post-reverse stock split adjusted to418) Class A ordinary shares and net proceeds was $476,563, the remaining gross balance of $500,000was collected by March 22, 2024.

On May 17, 2023, the Company
entered into a securities purchase agreement with Spring Field Fund SPC. Pursuant to the agreement, Spring Field Fund SPC shall purchase
$600,000of Class A ordinary shares at a share price of $268.4(post-reverse stock split adjusted to $1,610.4) per share. The Group received
the proceeds of $600,000on May 18, 2023 and has yet issued the related shares by December 31, 2024.

On November 24, 2023, the Company entered into purchase agreements
with twelve investors. The investors agreed to purchase an aggregate of $40,000,000of the Company