0001104659-21-006092.txt : 20210121 0001104659-21-006092.hdr.sgml : 20210121 20210121090311 ACCESSION NUMBER: 0001104659-21-006092 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210121 FILED AS OF DATE: 20210121 DATE AS OF CHANGE: 20210121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: 500.com Ltd CENTRAL INDEX KEY: 0001517496 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36206 FILM NUMBER: 21540504 BUSINESS ADDRESS: STREET 1: 12F, WEST SIDE, BLOCK B, BUILDING NO. 7 STREET 2: SHENZHEN BAY ECO-TECHNOLOGY PARK CITY: NANSHAN DISTRICT, SHENZHEN STATE: F4 ZIP: 518115 BUSINESS PHONE: (86 755) 8633 0000 MAIL ADDRESS: STREET 1: 12F, WEST SIDE, BLOCK B, BUILDING NO. 7 STREET 2: SHENZHEN BAY ECO-TECHNOLOGY PARK CITY: NANSHAN DISTRICT, SHENZHEN STATE: F4 ZIP: 518115 FORMER COMPANY: FORMER CONFORMED NAME: 500wan.com Ltd DATE OF NAME CHANGE: 20111020 FORMER COMPANY: FORMER CONFORMED NAME: Fine Success Ltd DATE OF NAME CHANGE: 20110406 6-K 1 tm213774d1_6k.htm FORM 6-K

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of January 2021

 

Commission File Number: 001-36206

 

 

 

500.com LIMITED

  

 

  

12F, West Side, Block B, Building No. 7

Shenzhen Bay Eco-Technology Park

Nanshan District

Shenzhen, 518115

People's Republic of China

(86 755) 8633 0000

  

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F x           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): ¨

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ¨           No x

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

 

 

 

 

 

 

TABLE OF CONTENTS

 

SIGNATURE
EX-99.1

 

 

 

 

TABLE OF CONTENTS

 

Exhibit 99.1 – 500.com Limited Announces Private Placement Subscription Price to be Settled in U.S. Dollars and Bitcoin

 

 

 

 

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, thereunto duly authorized.

 

  500.com LIMITED
     
     
  By:

/s/ Xianfeng Yang

  Name: Xianfeng Yang
  Title: Chief Executive Officer

 

Date: January 21, 2021

 

 

 

 

 EX-99.1 2 tm213774d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

500.com Limited Announces Private Placement Subscription Price to be Settled in U.S. Dollars and Bitcoin

 

January 21, 2021

 

SHENZHEN, China, January 21, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), today announced that, in connection with the definitive share subscription agreement with Good Luck Information Technology Co., Limited entered into on December 21, 2021, it has determined that 50% of the subscription price, or approximately US$11.5 million, shall be settled by U.S. dollars, with the remaining 50% of the subscription price, or approximately US$11.5 million, being settled by Bitcoin. The Bitcoin to U.S. dollars exchange rate shall be US$32,326.29 to one Bitcoin, being the average of the closing trading prices for Bitcoin published by Coinmarketcap for each of the 31 days ended January 20, 2021. The payment of the subscription price and the issuance of Class A Shares is expected to occur before February 20, 2021, subject to the fulfillment of other customary closing conditions.

 

About 500.com Limited

 

500.com Limited (NYSE: WBAI) is an online sports lottery service provider in China. The Company offers a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users. Most recently, 500.com is actively developing its blockchain-related business.

 

Safe Harbor Statements

 

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

 

For more information, please contact:

 

500.com Limited
ir@500wan.com

 

Ms. Danni Zheng

 

Phone: +86 755 8633 8005