# EDGAR Filing Document

**Accession Number:** 0001780785
**File Stem:** 0001104659-23-022798
**Filing Date:** 2023-2
**Character Count:** 4890
**Document Hash:** 734cacb2da9a9124d3e55ea8af5e3b64
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-022798.hdr.sgml**: 20230216

**ACCESSION NUMBER**: 0001104659-23-022798

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230216

**FILED AS OF DATE**: 20230216

**DATE AS OF CHANGE**: 20230216

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CN ENERGY GROUP. INC.
- **CENTRAL INDEX KEY:** 0001780785
- **STANDARD INDUSTRIAL CLASSIFICATION:** INDUSTRIAL ORGANIC CHEMICALS [2860]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39978
- **FILM NUMBER:** 23638533

**BUSINESS ADDRESS:**
- **STREET 1:** BUILDING 2-B, ROOM 206
- **STREET 2:** NO. 268 SHINIU ROAD, LIANDU DISTRICT
- **CITY:** LISHUI CITY
- **STATE:** F4
- **ZIP:** 323010
- **BUSINESS PHONE:** (86) 571-87555823

**MAIL ADDRESS:**
- **STREET 1:** BUILDING 2-B, ROOM 206
- **STREET 2:** NO. 268 SHINIU ROAD, LIANDU DISTRICT
- **CITY:** LISHUI CITY
- **STATE:** F4
- **ZIP:** 323010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CN ENERGY GROUP, INC.
- **DATE OF NAME CHANGE:** 20190625

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16 UNDER**

**THE SECURITIES EXCHANGE ACT OF 1934**

For the month of February 2023

**Commission File Number: 001-39978**

**CN ENERGY GROUP. INC.** 

Building 2-B, Room 206, No. 268 Shiniu Road

Liandu District, Lishui City, Zhejiang Province

People's Republic of China

**(Address of principal executive offices)**

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ⌧ Form 40-F ◻

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ◻

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ◻

**Explanatory Note**

As previously disclosed, on December 30, 2022, CN Energy Group. Inc., a British Virgin Islands company (the "Company"), entered into a securities purchase agreement (the "Purchase Agreement") with Streeterville Capital, LLC, a Utah limited liability company (the "Investor"), pursuant to which the Company issued to the Investor an unsecured promissory note, on December 30, 2022, in the original principal amount of $3,230,000.00 (the "Note", and together with the Purchase Agreement, the "Agreement"), convertible into Class A ordinary shares, no par value, of the Company ("Class A Ordinary Shares"), for $3,000,000.00 in gross proceeds.

Under the Agreement, the Investor has the right to redeem the Note sixty (60) days after the purchase price of the Note was delivered by the Investor to the Company, and redemptions may be satisfied in cash or Class A Ordinary Shares, at the Company's election. However, the Company will be required to pay the redemption amount in cash, if there is an Equity Conditions Failure (as defined in the Note). If the Company elects to satisfy a redemption in Class A Ordinary Shares, such Class A Ordinary Shares shall be issued at a redemption conversion price of the lower of (i) $2.00 per share, subject to adjustment as provided in the Note, and (ii) 80% of the Nasdaq Minimum Price (as defined in the Note).

The Note does not contain a floor price for the possible future redemption conversions into Class A Ordinary Shares, and a future conversion pursuant to the Agreement could potentially result in a substantial dilutive effect on the existing shareholders of the Company. Pursuant to the relevant Nasdaq Listing Rule guidance, the Nasdaq Staff has stated its position that, in determining whether the issuance of a future priced security raises public interest concerns, Nasdaq Staff will consider, among other things, whether a future priced security includes features to limit the potential dilutive effect of its conversion or exercise, including floors on the conversion or exercise price. To limit the potential dilutive effect of a redemption conversion on the existing shareholders of the Company, the board of directors of the Company approved on February 15, 2023 that the Company shall repay the Note in cash in the event any redemption conversions would result in the aggregate effective conversion price falling below $0.12.

**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, thereunto duly authorized.

Dated: February 16, 2023

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| | |
|:---|:---|
| **CN Energy Group. Inc.** | **CN Energy Group. Inc.** |
| By: | /s/ Kangbin Zheng |
| Name: | Kangbin Zheng |
| Title: | Chief Executive Officer |

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