Company: XTKG
Filing Date: 2025-06-04
Form Type: 424B5
Source: 0001213900-25-051196
Chunk: 63

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-06-04
Form: 424B5
Chunk 63
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 Nasdaq. |

| ● | We may be adversely affected by the complexity and uncertainties of and changes in PRC regulation of Internet business and related companies. |

| ● | U.S. regulators’ ability to conduct investigations or enforce rules in China is limited. |

| ● | We face uncertainty regarding the PRC tax reporting obligations and consequences for certain indirect transfers of the stock of our operating company. |

Recent Development On February 10, 2025, we held an Extraordinary General Meeting of shareholders (the “EGM”) which approved the proposals to (i) effectuate a share consolidation, with every six (6) issued and unissued ordinary shares of the Company of par value of US$8 each be consolidated into one (1) share of par value of US$8 each (the “Share Consolidation”); (ii) increase the share capital to US$240,000,000,000 which divided into 5,000,000,000 shares of par value of US$48 each, consisting of 4,996,666,667 Class A ordinary shares of a par value of US$48 each and 3,333,333 Class B ordinary shares of a par value of US$48 immediately following the Share Consolidation (the “Share Capital Increase”); (iii) re-designate 16,666,667 Class A ordinary shares of the additional 4,166,666,667 authorized Class A ordinary shares as Class B ordinary shares, such that the authorized share capital of the Company shall be changed to US$240,000,000,000 which divided into (a) 4,980,000,000 Class A ordinary shares of a par value of US$48 each; and (b) 20,000,000 Class B ordinary shares of a par value of US$48 each (the “Share Re-designation”). The EGM also approved that immediately following the Share Consolidation, the Share Capital Increase and Share Re-designation, the par value of each of the issued and unissued ordinary shares be reduced from US$48 to US$0.00003 per share by cancelling the paid-up share capital to the extent of US$47.99997 per share by way of a reduction of capital (the “Capital Reduction”). The effectuation of Capital Reduction is subject to and conditional upon (i) an order being made by the Grand Court of the Cayman Islands (“Court”) confirming the Capital Reduction (if applicable); (ii) compliance with any condition which the