|SEVEN STARS CLOUD GROUP, INC. filed this Form 8-K/A on 08/14/2017|
Date of Report (Date of earliest event reported): January 30, 2017
SEVEN STARS CLOUD GROUP, INC.
(Exact name of registrant as specified in its charter)
Building B4, Tai Ming International Business Court,
Town, Tongzhou District, Beijing, China 101116
Registrant’s telephone number, including area code: 212-206-1216
Wecast Network, Inc.
(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 (see General Instruction A.2. below):
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. ¨
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.
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.
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.
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.