6-K

UNITED STATESSECURITIES 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 OF1934

For the month of March 2023

Commission File Number: 001-38851

POWERBRIDGE TECHNOLOGIES CO., LTD.

(Translation of Registrant’s name into English)

Advanced Business Park, 9th Fl, Bldg C2,

29 Lanwan Lane, Hightech District,

Zhuhai, Guangdong 519080, China

(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): ☐

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

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): ☐

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

CONTENTS

Exhibits

1

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 21, 2023

2

Exhibit 99.1

Powerbridge Technologies Further Acquires Majority Stake in DTI

ZHUHAI, China, March 21, 2023 -- Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) (“Powerbridge” or the “Company”), a provider of multi-industry technology solutions, announced that it has further acquired 32% of the equity interest (the “Acquired Shares”) in DTI GROUP LIMITED (“DTI”) for a consideration of approximately RMB96.7 million (the “Acquisition”), which shall be satisfied by way of allotment and issue of 167,592,318 shares of the Company to DTI. Prior to the Acquisition, the Company held 19% in DTI, which together with the Acquired Shares, the Company holds in total 51% in DTI Group as of the date of this disclosure on Form 6-K. The closing is subject to the customary closing conditions and terms as stipulated in the Agreement. The Acquisition is expected to be closed on March 24, 2023.

The Acquisition is a strategic move that contributes to the expansion of Powerbridge’s operations by building a digital trade ecosystem. DTI’s expertise in digital trade infrastructure will complement Powerbridge’s existing capabilities and enhance the Company’s ability to deliver innovative solutions that drive efficiency and growth for cross-border trade and e-commerce. With DTI’s strong performance and a series of recently signed digital solutions contracts valued at approximately $10 million, it is expected that this Acquisition provides significant values and benefits to Powerbridge.

Stewart Lor, CEO of Powerbridge Technologies commented: “We are excited to have acquired a majority stake in DTI as we continue to expand our operations in trade digitization. DTI’s platform development and service provision capabilities, combined with Powerbridge’s cutting-edge technology solutions, will enable us to build a comprehensive trade digitalization ecosystem and provide more efficient services to our customers.

This Acquisition marks an important milestone for Powerbridge as the Company continues to invest in the development of its technology solutions and expand its market reach. We are committed to delivering innovative solutions that drive efficiency and growth in trade digitization, and we believe this Acquisition is expected to bring substantial financial and operational benefits to the Company and our stakeholders.”