YHGJ 8-K
Yunhong Green Cti Ltd. (YHGJ)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT
REPORT
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Item 7.01 Regulation FD Disclosure.
On or about March 14, 2023, Yunhong CTI Ltd. (“CTI”, the “Company” or “we”), expects that its Chairman, Mr. Yubao Li, will make brief verbal disclosures at an investor conference to be held in Wuxue, China, which disclosures will communicate the Company’s present intentions to (a) seek authorization from its shareholders for a substantial increase in the number of authorized shares of the Company’s common stock, to help facilitate future offerings of common stock that could permit the Company to raise additional capital and better carry out its growth plans (the “Potential Authorized Shares Increase”), and (b) examine a potential change in the Company’s name, in connection with a potential rebranding (the “Potential Rebranding”). The details of the Potential Authorized Shares Increase (such as the timing or amount of a potential increase in the number of authorized shares) and the Potential Rebranding (such as the timing or the potential new name or brand) have not been determined. There is no proposal currently before the Board of Directors or the Company’s shareholders with respect to the Company’s intentions described above. The foregoing disclosures will not include any other material information regarding the Company. Collectively, the foregoing disclosures are referred to below as the “Disclosures.”
By filing this Current Report on Form 8-K and furnishing the information in this Item 7.01, the Company makes no admission as to the materiality of any information in the Disclosures that is required to be disclosed solely by reason of Regulation FD.
The information contained in the Disclosures includes forward-looking information relating to the Company’s present intentions that should be considered in the context of the Company’s SEC filings and other public announcements that the Company has made and may make, by press release or otherwise, from time to time. The Company undertakes no duty or obligation to publicly update or revise the information contained in the Disclosures, although it may do so from time to time as the Company’s management believes is warranted. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosures.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements. Statements made in this report that are not historical facts are “forward-looking” statements (within the meaning of Section 21E of the Securities Exchange Act of 1934) that involve risks and uncertainties and are subject to change at any time. These “forward-looking” statements may include, but are not limited to, statements containing words such as “may,” “should,” “could,” “would,” “expect,” “plan,” “goal,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or similar expressions. We have based these forward-looking statements on our current expectations and projections about future results. Although we believe that our opinions and expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements, and our actual results may differ substantially from statements made herein. More information on factors that could affect our business and financial results are included in our public filings made with the Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.
SIGNATURE
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.
| Dated: | March 14, 2023 | YUNHONG CTI LTD. | |
| By: | /s/ Frank Cesario | ||
| Name: | Frank Cesario | ||
| Title: | Chief Executive Officer | ||