Bowen Acquisition Corp (NASDAQ:BOWNU) Announces Subscription Agreement in Association with Proposed Business Combination

Bowen Acquisition Corp (NASDAQ:BOWNU) revealed in a recent Form 8-K filing with the U.S. Securities and Exchange Commission that effective December 5, 2024, the company and NewCo entered into a subscription agreement with an accredited investor. As per the agreement, Bowen Acquisition Corp will issue 500,000 ordinary shares to the investor at $10.00 per share, generating total gross proceeds amounting to $5,000,000. This issuance, referred to as a Private Investment in Public Equity (PIPE), is subject to certain conditions, including the concurrent execution of the Business Combination and other standard closing requirements.

In addition to the subscription agreement, Bowen Acquisition Corp has committed to file a registration statement with the Securities and Exchange Commission within 60 business days post the closure of the Business Combination. The purpose of this registration statement is to enable the resale of the ordinary shares obtained through the PIPE by the investor. This process aligns with the exemption from registration stipulated in Section 4(a)(2) of the Securities Act of 1933, which permits the sale without general solicitation or advertising.

The company emphasized that the offer and sale of the shares were not registered and can’t be publicly traded or disposed of without registration under the Securities Act or an applicable exemption. The details of the Subscription Agreement can be found in Exhibit 10.1 of the Form 8-K filing.

Bowen Acquisition Corp also reiterated caution regarding forward-looking statements, indicating that the details provided should not be solely relied upon for investment decisions. The company underscored that actual results may vary from the expectations, estimates, and projections presented.

Regarding the potential business combination with Qianzhi, the company directed interested parties to the Proxy Statement/Prospectus filed with the SEC, encouraging stakeholders to thoroughly review the provided documentation. Participants in this potential merger, including the board of directors, executives, and employees, could engage in solicitation activities related to the transaction.

The current report disclosed that Bowen Acquisition Corp is deemed as an emerging growth company under SEC regulations. Furthermore, the announcement declared a change in leadership, detailing Michael M. Thomson’s election as the successor to Peter A. Altabef as the company’s Chief Executive Officer effective April 1, 2025. Altabef will continue serving as the Chair of the Board, ensuring a smooth transition period amid this leadership shift.

Investors and stakeholders are advised to remain attentive to future communications and filings from Bowen Acquisition Corp for further details and updates on this developmental phase.

Please note that this article’s content is derived from the Form 8-K SEC filing submitted by Bowen Acquisition Corp on December 5, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Bowen Acquisition’s 8K filing here.