Form 6-K GSX Techedu Inc. For: Dec 07
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
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2020
Commission File Number: 001-38923
GSX Techedu Inc.
Tower C, Beyondsoft Building, 7 East Zone,
10 Xibeiwang East Road
Haidian District, Beijing 100193
Peoples Republic of China
(Address of principal executive offices)
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): ☐
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.
GSX Techedu Inc. | ||
By : | /s/ Nan Shen | |
Name : | Nan Shen | |
Title : | Chief Financial Officer |
Date: December 7, 2020
[Signature Page to Form 6-K]
Exhibit Index
Exhibit 99.1Press Release
Exhibit 99.1
GSX Announces Private Placement Financing of US$ 870 Million
BEIJING, China, December 7, 2020 GSX Techedu Inc. (NYSE: GSX) (GSX or the Company), a leading online K-12 large-class after-school tutoring service provider in China, today announced that certain investors have agreed to purchase through a private placement a total of US$ 870 million of newly issued Class A ordinary shares of the Company, representing approximately 6.2% of the Companys total outstanding shares. The private placement is expected to be closed in December 2020.
It is expected that the share issuances will be exempted from registration under the Securities Act of 1933, as amended, (the Securities Act) pursuant to Section 4(a)(2) of the Securities Act regarding transactions not involving a public offering or Regulation S under the Securities Act.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the safe harbor provisions of 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 and similar statements. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Companys beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Companys ability to continue to attract students to enroll in its courses; the Companys ability to continue to recruit, train and retain qualified teachers; the Companys ability to improve the content of its existing course offerings and to develop new courses; the Companys ability to maintain and enhance its brand; the Companys ability to maintain and continue to improve its teaching results; and the Companys ability to compete effectively against its competitors. Further information regarding these and other risks is included in the Companys reports filed with, or furnished to the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and GSX undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.
About GSX Techedu Inc.
GSX is a technology-driven education company and leading online K-12 large-class after-school tutoring service provider in China. GSX offers K-12 courses covering all primary and secondary grades through the brand Gaotuketang as well as foreign language, professional and interest courses through the brand Genshuixue. GSX adopts an online live large-class format to deliver its courses, which the Company believes is the most effective and scalable model to disseminate scarce high-quality teaching resources to aspiring students in China. Big data analytics permeates each aspect of the Companys business and facilitates the application of the latest technology to improve teaching delivery, student learning experience, and operational efficiency.
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For further information, please contact:
GSX Techedu Inc.
Ms. Sandy Qin, CFA
E-mail: [email protected]
Christensen
In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: [email protected]
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: [email protected]
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