# EDGAR Filing Document

**Accession Number:** 0001864943
**File Stem:** 0001628280-25-036293
**Filing Date:** 2025-7
**Character Count:** 12971
**Document Hash:** 9f2f7189d89063cc7866dee02c83c5ae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-036293.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001628280-25-036293

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250728

**ITEM INFORMATION**: Material Modifications to Rights of Security Holders

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FGI Industries Ltd.
- **CENTRAL INDEX KEY:** 0001864943
- **STANDARD INDUSTRIAL CLASSIFICATION:** HEATING EQUIP, EXCEPT ELEC & WARM AIR & PLUMBING FIXTURES [3430]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41207
- **FILM NUMBER:** 251157394

**BUSINESS ADDRESS:**
- **STREET 1:** 906 MURRAY ROAD
- **CITY:** EAST HANOVER
- **STATE:** NJ
- **ZIP:** 07869
- **BUSINESS PHONE:** 973-428-0400

**MAIL ADDRESS:**
- **STREET 1:** 906 MURRAY ROAD
- **CITY:** EAST HANOVER
- **STATE:** NJ
- **ZIP:** 07869

?xml version='1.0' encoding='ASCII'? fgi-20250728

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**____________________________________________________**

**FORM 8-K**

**____________________________________________________**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of report (Date of earliest event reported): **July 28, 2025**

____________________________________________________

**FGI Industries Ltd.**

(Exact name of registrant as specified in its charter)

**____________________________________________________**

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| | | |
|:---|:---|:---|
| **Cayman Islands** | **001-41207** | **98-1603252** |
| (State or other jurisdiction of<br>incorporation) | (Commission<br>File Number) | (I.R.S. Employer<br>Identification No.) |

---

**906 Murray Road**

**East Hanover, NJ 07936**

(Address of principal executive offices) (Zip Code)

**(973) 428-0400**

(Registrant's telephone number, including area code)

**N/A**

(Former name or former address, if changed since last report)

____________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange<br>on which registered |
| **Ordinary Shares, $0.0001 par value per share** | **FGI** | **The Nasdaq Stock Market LLC** |
| **Warrants to purchase Ordinary Shares** | **FGIWW** | **The Nasdaq Stock Market LLC** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ⌧

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

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**Item 3.03&nbsp;&nbsp;&nbsp;&nbsp;Material Modification to Rights of Security Holders.**

To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this Current Report is incorporated herein by reference.

**Item 5.03&nbsp;&nbsp;&nbsp;&nbsp;Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.**

On July 28, 2025, FGI Industries Ltd. (the "Company") filed an amendment (the "Amendment") to the Company's Amended and Restated Memorandum and Articles of Association with the Registrar of Companies in the Cayman Islands to effect a 1-for-5 reverse share split (the "Reverse Share Split") of the Company's ordinary shares, par value $0.0001 per share ("Ordinary Shares"). Pursuant to the Amendment, effective as of 12:01 a.m., Eastern Time, on July 31, 2025 (the "Effective Time"), every 5 Ordinary Shares issued and outstanding, including Ordinary Shares held by the Company as treasury shares, will be automatically combined into one Ordinary Share. As a result of the Reverse Share Split, the par value of the Company's Ordinary Shares will go from $0.0001 per share to $0.0005 per share. As of April 24, 2025, the Company had 9,591,555 Ordinary Shares issued and outstanding. The Company's shareholders of record will receive a cash payment (without interest) in lieu of any fractional shares they would have otherwise been entitled to receive in the Reverse Share Split.

The Ordinary Shares are expected to begin trading on The Nasdaq Capital Market on a split-adjusted basis at the opening of trading on July 31, 2025. The Common Stock will continue trading on The Nasdaq Capital Market under the symbol "FGI" with a new CUSIP number (G3302D202). The Company's publicly traded warrants will continue to be traded on The Nasdaq Capital Market under the symbol "FGIWW" and the CUSIP number for the public warrants will remain unchanged. However, under the terms of the applicable warrant agreement the number of Ordinary Shares issuable on exercise of each warrant will be proportionately decreased. Specifically, following effectiveness of the Reverse Share Split, every 5 Ordinary Shares that may be purchased pursuant to the exercise of the warrants will represent one Ordinary Share that may be purchased pursuant to such warrants. Accordingly, for the Company's warrants trading under the symbol "FGIWW", every 5 warrants will be exercisable for one Ordinary Share at an exercise price of $30.00 per Ordinary Share.

As of the Effective Time, the number of Ordinary Shares available for issuance under the Company's equity incentive plans and issuable pursuant to equity awards immediately prior to the Reverse Share Split will be proportionately adjusted by the Reverse Share Split. The exercise prices of the Company's outstanding options and equity awards will be adjusted in accordance with their respective terms.

The Reverse Share Split will affect all record holders of the Ordinary Shares uniformly and will not affect any record holder's percentage ownership interest in the Company, except for de minimis changes as a result of the elimination of fractional shares. Holders of Ordinary Shares who hold in "street name" in their brokerage accounts do not have to take any action as a result of the Reverse Share Split. Their accounts will be automatically adjusted to reflect the number of shares owned.

The foregoing description of the Amendment is qualified in its entirety by reference to the Amendment, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.

**Item 9.01. Financial Statements and Exhibits.**

**(d)Exhibits**

The following exhibits are filed herewith:

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| | |
|:---|:---|
| **Exhibit** | |
| **Number** | **Description** |
| 3.1 | <u>[Amendment to the Amended and Restated Memorandum and Articles of Association of FGI Industries Ltd.](fgi-20250728xex31.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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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 hereunto duly authorized.

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| | | |
|:---|:---|:---|
| | **FGI Industries Ltd.** | **FGI Industries Ltd.** |
| Dated: July 29, 2025 | By: | /s/ John Chen |
|  |  | John Chen |
|  |  | Executive Chairman |

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## Exhibit 3.1

**EXHIBIT 3.1**

**THE COMPANIES ACT**

**OF THE CAYMAN ISLANDS**

**COMPANY LIMITED BY SHARES**

 **EXTRACT OF MINUTES OF THE ANNUAL GENERAL MEETING HELD BY WAY OF VIRTUAL MEETING ON 28 MAY 2025 AT 09:00AM (EASTERN STANDARD TIME) AND OF WRITTEN RESOLUTIONS DATED 26 JUNE 2025**

**OF**

**FGI INDUSTRIES LTD.**

(*the* "*Company*")

**TAKE NOTICE** that by Ordinary Resolution passed at the Annual General Meeting held on 28 May 2025 and effective upon the determination by the board of directors of the Company, the following resolution was passed:

"RESOLVED, BY ORDINARY RESOLUTION, that

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.conditional upon the approval of the Company's board of directors, or any duly constituted committee thereof (the "*Board*") in its sole discretion, with effect as of the date the Board may determine but not later than September 1, 2025 unless The Nasdaq Stock Market LLC extends the amount of time available to the Company to regain compliance with their minimum bid price requirement beyond such date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.the ordinary shares of the Company (collectively, the "*Ordinary Shares*") shall be the subject of one or more reverse share splits by consolidating any whole number of Ordinary Shares that is not less than 2 Ordinary Shares and not more than 15 Ordinary Shares into 1 Ordinary Share, with such ratio to be determined by the Board in its sole discretion and with such consolidated Ordinary Shares having the same rights and being subject to the same restrictions (save as to par value) as the existing Ordinary Shares in the capital of the Company as set out in the amended and restated memorandum and articles of association;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.no fractional Ordinary Shares be created in connection with the Reverse Share Split and, in lieu of fractional shares created in connection with the Reverse Share Split, the shareholders entitled to fractional shares will receive a cash payment resulting from the sale of all aggregated fractional sales by the transfer agent, in an amount equal to their respective pro rata shares of the total proceeds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.any one director or officer of the Company be and is hereby authorized, for and on behalf of the Company, to do all such other acts or things necessary or desirable to implement, carry out, and give effect to the Reverse Share Split, if and when deemed advisable by the Board in its sole discretion."

**TAKE NOTICE** that all of the directors of the Company entered into a written resolution dated 26 June 2025, resolving:

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"**NOW THEREFORE, BE IT RESOLVED,** that the Board hereby authorizes and directs the officers of the Company (collectively, the "*Authorized Officers*") to implement the Reverse Stock Split based on a Final Ratio of 1-for-5 and to cause the Extract to be filed with the Registrar of Companies;

**FURTHER RESOLVED,** that effective as of 12:01 a.m. Eastern Time on July 31, 2025, or at such other date and time as the Authorized Officers may determine (the "*Split Effective Time*"), and without further action on the part of the Board, the Company or any shareholder, each five (5) issued and unissued ordinary shares prior to the Split Effective Time shall automatically be combined, consolidated and converted into one (1) new ordinary share, subject to the treatment of fractional share interests as described below, and all issued shares shall be deemed validly issued, fully paid and non-assessable;

**FURTHER RESOLVED,** that the result of such Reverse Stock Split is that the authorized share capital of the Company be amended FROM US$21,000 divided into (i) 200,000,000 Ordinary Shares of par value of US$0.0001 each, and (ii) 10,000,000 Preference Shares of par value of US$0.0001 each TO US$21,000 divided into (i) 40,000,000 Ordinary Shares of par value of US$0.0005 each, and (ii) 10,000,000 Preference Shares of par value of US$0.0001 each.

We, the undersigned, being the registered office provider of the Company hereby certify that the above extracts from the Annual General Meeting and the written resolutions of all the directors of the Company represent a true and correct copy of the resolutions passed.

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| |
|:---|
| /s/ Richard Thorp |
| Authorised signatory, for and on behalf of |
| **International Corporation Services Ltd.** |

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