Skip to Content

SEC Filings

8-K/A
SEVEN STARS CLOUD GROUP, INC. filed this Form 8-K/A on 08/14/2017
Entire Document
 

 

 

Item 2.01Completion of Acquisition or Disposition of Assets

 

On February 1, 2017 and February 2, 2017, respectively, Seven Stars Cloud Group, Inc., formerly known as Wecast Network, Inc. (the “Company”), filed a Current Report on Form 8-K (together, the “Original Forms 8-K”) reporting that on January 30, 2017 and January 31, 2017, respectively, the Company acquired all of the outstanding capital stock of Sun Video Group Hong Kong Limited, a Hong Kong corporation (“SVG”)”) and 55% of the outstanding capital of Wide Angle Group Limited, a Hong Kong company (“Wide Angle”).

 

This Form 8-K/A amends the Original Forms 8-K to include this Item 2.01 and to include the historical audited financial statements of SVG and Wide Angle and the pro forma financial statements required by Items 9.01(a) and 9.01(b) of Form 8-K that were excluded from the Original Forms 8-K in reliance on the instructions to such items.  

 

The information in Item 1.01 of the Original Forms 8-K is incorporated herein by reference in its entirety.

 

Item 9.01Financial Statements and Exhibits.

 

(a)Financial Statements of Businesses Acquired

 

The audited financial statements of Wide Angle Group Limited as of December 31, 2016, and for the two years ended December 31, 2016 and 2015, are filed herewith as Exhibit 99.1 and are incorporated by reference herein.

 

The audited financial statements of Wecast Services Group Limited (formerly known as Sun Video Group Hong Kong Limited) as of December 31, 2016, and for the two years ended December 31, 2016 and 2015, are filed herewith as Exhibit 99.2 and are incorporated by reference herein.

 

The consent of Wide Angle Group Limited and Wecast Services Group Limited’s independent auditors is attached hereto as Exhibit 23.1.

 

(b)Pro Forma Financial Information

 

The unaudited pro forma combined balance sheet and unaudited pro forma combined statement of operations of Seven Stars Cloud Group, Inc. (formerly known as Wecast Network, Inc.) as of and for the year ended December 31, 2016 are filed herewith as Exhibit 99.2 and are incorporated by reference herein.

 

Exhibit   Description
   
23.1   Consent of Grant Thornton
     
99.1   Audited consolidated financial statements of Wide Angle Group Limited as of December 31, 2016, and for the two years ended December 31, 2016 and 2015.
     
99.2  

Audited consolidated financial statements of Wecast Services Group Limited (formerly known as Sun Video Group Hong Kong Limited) as of December 31, 2016, and for the two years ended December 31, 2016 and 2015. 

     
99.3  

Unaudited pro forma combined balance sheet and unaudited pro forma combined statement of operations of Seven Stars Cloud Group, Inc. (formerly known as Wecast Network, Inc.) as of and for the year ended December 31, 2016, and the accompanying notes.