6-K

Jowell Global Ltd. (JWEL)

6-K 2021-03-22 For: 2021-03-22
View Original
Added on April 11, 2026

UNITEDSTATESSECURITIES AND EXCHANGE COMMISSIONWashington, D. C. 20549

FORM6-K

REPORTOF FOREIGN PRIVATE ISSUERPURSUANT TO RULE 13a-16 OR 15d-16UNDER THESECURITIES EXCHANGE ACT OF 1934

For the month of March, 2021

Commission File Number: 001-40145

JowellGlobal Ltd.

2nd Floor, No. 285 Jiangpu Road

Yangpu District, Shanghai

China 200082

(Address of principal executive office)

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): ☐

INFORMATIONCONTAINED IN THIS FORM 6-K REPORT

On March 19, 2021, Jowell Global Ltd. (the “Company”) closed its initial public offering (“IPO”) of 3,714,286 ordinary shares, par value $0.0001 per share (the “Ordinary Shares”). The Ordinary Shares were priced at $7.00 per share, and the offering was conducted on a firm commitment basis. The Ordinary Shares were previously approved for listing on The Nasdaq Capital Market and commenced trading under the ticker symbol “JWEL” on March 17, 2021.

In connection with the IPO, the Company issued a press release on March 17, 2021 announcing the pricing of the IPO and a press release on March 19, 2021 announcing the closing of the IPO, respectively. Copies of each press release are attached hereto as Exhibit 99.1 and Exhibit 99.2 and are incorporated by reference herein.

This report does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

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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 thereunto duly authorized.

Jowell Global Ltd.
Date: March 22, 2021 By: /s/<br> Zhiwei Xu
Name: Zhiwei Xu
Title: Chief Executive Officer
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ExhibitIndex

Exhibit Number Description
99.1 Press Release on Pricing of the Company’s<br> Initial Public Offering
99.2 Press Release on Closing of the Company’s<br> Initial Public Offering

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Exhibit 99.1

Jowell Global Ltd. Announces Pricingof $26 Million Initial Public Offering

Shanghai, China, March 17, 2021/ -- Jowell Global Ltd. (“JWEL” or the “Company”) (NASDAQ: JWEL), a company which operates one of the leading cosmetics, health and nutritional supplements and household products e-commerce platforms Juhao Mall in China, today announced the pricing of its underwritten initial public offering of 3,714,286 ordinary shares at a price of $7.00 per share, for total gross proceeds of $26 million before deducting underwriting discounts and offering expenses. The offering is being conducted on a firm commitment basis. All of the ordinary shares are being offered by the Company. The ordinary shares have been approved for listing on The Nasdaq Capital Market and are expected to commence trading today, March 17, 2021, under the ticker symbol “JWEL”.

The Company has granted the underwriters an option, exercisable within 45 days from the date of the final prospectus, to purchase up to an additional 557,143 ordinary shares at the public offering price, less underwriting discounts.

The offering is expected to close on March 19, 2021, subject to customary closing conditions.

Network 1 Financial Securities, Inc. is acting as sole book runner and lead underwriter for the offering and Alexander Capital, LP. is acting as co-underwriter.

A registration statement on Form F-1 (File No. 333-250889) relating to the offering has been filed with the Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on March 16, 2021. The offering is being made only by means of a final prospectus, forming a part of the registration statement. Copies of the final prospectus related to the offering may be obtained, when available, from Network 1 Financial Securities, Inc. by email at kmu@netw1.com, or via standard mail to Network 1 Financial Securities, Inc., 2 Bridge Avenue, Suite 241 Red Bank, NJ 07701. In addition, a copy of the final prospectus relating to the offering may be obtained via the SEC’s website at www.sec.gov.

Before you invest, you should read the final prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


About Jowell Global Ltd.

Jowell Global Ltd. (the “Company”) operates one of China’s leading e-commerce platforms for cosmetics, health and nutritional supplements and household products - Juhao Mall. The Company provides its own brand products to customers and sells and distributes other companies’ health and nutritional supplements, cosmetics and certain household products on the Juhao Mall platform. In addition, Juhao Mall allows third parties to open their own stores on its platform. The Company has also been selling its products through authorized retail stores all across China, which operate under the brand name of “Love Home Store” or “LHH Store”. For more information, please visit https://www.1juhao.com/.


Forward-Looking Statement

This press release contains forward-lookingstatements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerningplans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are otherthan statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,”“believe,” “expect,” “anticipate,” “project,” “estimate” or similarexpressions that do not relate solely to historical matters, it is making forward-looking statements.  Specifically, the Company’sstatements regarding trading on the NASDAQ Capital Market and closing the initial public offering are forward-looking statements.Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actualresults to differ materially from the Company’s expectations discussed in the forward-looking statements. These statementsare subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies;the Company’s future business development; financial condition and results of operations; product and service demand andacceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuationsin general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other riskscontained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place unduereliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filingswith the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-lookingstatements to reflect events or circumstances that arise after the date hereof.


For more information, please contact:

Investor Relations:

Janice Wang

EverGreen Consulting Inc.

Email: IR@changqingconsulting.com

Phone: +1 571-464-9470 (from U.S.)

+86 13811768559 (from China)

Exhibit 99.2

Jowell Global Ltd. Announces Closingof $26 Million Initial Public Offering

Shanghai, China, March 19, 2021/ -- Jowell Global Ltd. (“JWEL” or the “Company”) (NASDAQ: JWEL), a company which operates one of the leading cosmetics, health and nutritional supplements and household products e-commerce platforms Juhao Mall in China, today announces the closing of its initial public offering of 3,714,286 ordinary shares at a price of $7.00 per ordinary share, for total gross proceeds of $26 million before deducting underwriting discounts and offering expenses. All of the ordinary shares were offered by the Company. The offering was conducted on a firm commitment basis. In addition, the Company has granted the underwriters an option, exercisable within 45 days from the date of the final prospectus, to purchase up to an additional 557,143 shares at the public offering price, less underwriting discounts. The ordinary shares began trading on March 17, 2021 on NASDAQ Capital Market under the symbol “JWEL”.

Network 1 Financial Securities, Inc. acted as sole book runner and lead underwriter for the offering and Alexander Capital, L.P. acted as co-underwriter. FisherBroyles, LLP acted as counsel to the Company and Hunter Taubman Fischer & Li LLC acted as counsel to the underwriters with respect to this offering.

A registration statement on Form F-1 (File No. 333-250889) relating to the offering has been filed with the Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on March 16, 2021. The offering of the ordinary shares was made only by means of a final prospectus. A final prospectus relating to the offering was filed with the SEC on March 18, 2021, which may be obtained from Network 1 Financial Securities, Inc. by email at kmu@netw1.com, or via standard mail to Network 1 Financial Securities, Inc., 2 Bridge Avenue, Suite 241 Red Bank, NJ 07701. In addition, a copy of the final prospectus relating to the offering may be obtained via the SEC’s website at www.sec.gov.

Before you invest, you should read the final prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


About Jowell Global Ltd.

Jowell Global Ltd. (the “Company”) operates one of China’s leading e-commerce platforms for cosmetics, health and nutritional supplements and household products - Juhao Mall. The Company provides its own brand products to customers and sells and distributes other companies’ health and nutritional supplements, cosmetics and certain household products on the Juhao Mall platform. In addition, Juhao Mall allows third parties to open their own stores on its platform. The Company has also been selling its products through authorized retail stores all across China, which operate under the brand name of “Love Home Store” or “LHH Store”. For more information, please visit https://www.1juhao.com/.


Forward-Looking Statement

This press release contains forward-lookingstatements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerningplans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are otherthan statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,”“believe,” “expect,” “anticipate,” “project,” “estimate” or similarexpressions that do not relate solely to historical matters, it is making forward-looking statements.  Forward-looking statementsare not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materiallyfrom the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertaintiesand risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s futurebusiness development; financial condition and results of operations; product and service demand and acceptance; reputation andbrand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic andbusiness conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reportsfiled by the Company with the SEC.  For these reasons, among others, investors are cautioned not to place undue reliance uponany forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with theSEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-lookingstatements to reflect events or circumstances that arise after the date hereof.


For more information, please contact:

Investor Relations:

Janice Wang

EverGreen Consulting Inc.

Email: IR@changqingconsulting.com

Phone: +1 571-464-9470 (from U.S.)

+86 13811768559 (from China)