Company: VSA
Filing Date: 2025-11-20
Form Type: 6-K
Source: 0001213900-25-112849
Chunk: 1

Company: VisionSys AI Inc
Filing Date: 2025-11-20
Form: 6-K
Chunk 1
---
 defined in the Purchase Agreement) for twenty (20) days
following the closing of the Offering subject to certain exceptions.

Concurrently with the execution
of the Purchase Agreement, the officers, directors, and affiliates of the Company entered into lock-up agreements (the “Lock-Up Agreement”) pursuant to which they have agreed, among other things, not to sell or dispose of any ADSs which are or will be
beneficially owned by them for one hundred and twenty (120) days following the closing of the Offering.

The Company currently intends
to use the net proceeds from the Offering for working capital and general corporate purposes. The Offering closed on November 13, 2025
(the “Closing Date”).

The Company entered into certain
placement agency agreement dated November 11, 2025 (the “Letter Agreement”), with Maxim Group LLC, as the lead placement
agent (the “Placement Agent”), pursuant to which the Placement Agent agreed to act as the sole lead/exclusive placement
agent in connection with the Offering. The Company agreed to pay the Placement Agent an aggregate fee equal to 6% of the gross proceeds
raised in the Offering and reimburse the Placement Agent $50,000 for accountable expenses related to legal fees of counsel and certain
other fees and expenses. The Company also agreed to pay such number of warrants (the “Placement Agent Warrants”) to
the Placement Agent or its designees at the Closing Date to purchase the Class A ordinary shares represented by ADSs equal to 2.0% of
the aggregate number of ADSs and accompanying Series A Warrants sold in the Offering. The Placement Agent Warrants exercise price will
be 100% of the Offering Price. The Placement Agent Warrants will have an expiration date of five years from the commencement of sales
and be in substantially the same form as the Series A Warrants issued in the Offering, except that the zero-cash exercise shall provide
two ADSs instead of three.

Copies of the form of the
Purchase Agreement, form of Lock-Up Agreement, form of the Series A Warrant, form of the Placement Agent Warrant and the Letter Agreement
are attached hereto as Exhibits 99.1, 99.2, 99.3, 99.4, and 99.5 respectively, and are incorporated herein by reference. The foregoing
summaries of the terms of the Purchase Agreement, Series A Warrants, Placement Agent Warrant, Lock-Up Agreement and the Letter Agreement
are subject to,