讯鸟软件美股招股说明书(2023-08-04版)

424B51e4903_424b25.htmFORM424B5 FiledPursuanttoRule424(b)(5)RegistrationNo.333-268993 PROSPECTUSSUPPLEMENT (ToProspectusdatedFebruary1,2023) InfobirdCo.,Ltd44,117,648OrdinaryShares Weareoffering44,117,648ordinaryshares,parvalue$0.025pershare,atapriceof$0.34persharetocertainaccreditedinvestors(collectively,the“Investors”)pursuanttothisprospectussupplementandtheaccompanyingprospectusandasecuritiespurchaseagreement,datedasofAugust3,2023(the“SecuritiesPurchaseAgreement”)withsuchInvestors. OurordinarysharesarelistedontheNasdaqCapitalMarketunderthesymbol“IFBD.”AsofAugust2,2023,thehighestclosingpriceofourordinarysharesduringthelast60dayswas$2.01pershareandtheaggregatemarketvalueofourtotaloutstandingordinarysharesheldbynon-affiliateswasapproximately $186.8millionbasedon92,915,527outstandingordinarysharesheldbynon-affiliates.WearethereforecurrentlynotsubjecttothelimitationsunderGeneralInstructionI.B.5ofFormF-3. Inthisprospectussupplement,unlessthecontextindicatesotherwise,“we,”“us,”“our,”“ourcompany,”the“Company,”“Infobird,”“InfobirdCayman,”orsimilartermsreferstoInfobirdCo.,Ltd,anditssubsidiaries,InfobirdHKandInfobirdWFOE,and,inthecontextofdescribingouroperationsandconsolidatedfinancialinformation,alsoincludethevariableinterestentity,InfobirdBeijing,anditssubsidiaries,InfobirdGuiyang,InfobirdAnhuiandShanghaiQishu;“InfobirdHK”referstoInfobirdInternationalLimited,aholdingcompanyestablishedunderthelawsofHongKongandawholly-ownedsubsidiaryofInfobirdCayman;“InfobirdTechnologies”referstoInfobirdTechnologiesLimited,aholdingcompanyestablishedunderthelawsofHongKongandawholly-ownedsubsidiaryofInfobirdCayman;“InfobirdWFOE”referstoInfobirdDigitalTechnology(Beijing)Co.,Ltd.,acompanyestablishedunderthelawsofthePeople’sRepublicofChina(the“PRC”)andawholly-ownedsubsidiaryofInfobirdHK;“InfobirdBeijing”,the“variableinterestentity”orthe“VIE”referstoBeijingInfobirdSoftwareCo.,Ltd.,acompanyestablishedunderthelawsofthePRCandavariableinterestentityofInfobirdWFOE;“InfobirdGuiyang”referstoGuiyangInfobirdCloudComputingCo.,Ltd,acompanyestablishedunderthelawsofthePRCanda90.18%ownedsubsidiaryofInfobirdBeijing;“InfobirdAnhui”referstoAnhuiXinlijiaE-commerceCo.,Ltd(formerlyknownasAnhuiInfobirdSoftwareInformationTechnologyCo.,Ltd),acompanyestablishedunderthelawsofthePRCanda99.95%ownedsubsidiaryofInfobirdBeijing;and“ShanghaiQishu”referstoShanghaiQishuoTechnologyInc.,acompanyestablishedunderthelawsofthePRCanda51%ownedsubsidiaryofInfobirdBeijing.See“ProspectusSummary—HistoryandDevelopmentoftheCompany”intheaccompanyingprospectus. InfobirdisnotanoperatingcompanyestablishedinthePeople’sRepublicofChina(the“PRC”or“China”),butaholdingcompanyincorporatedintheCaymanIslands.Asaholdingcompanywithnomaterialoperationsofitsown,Infobirdcurrentlyconductssubstantiallyallofitsoperationsthroughitssubsidiary,andthevariableinterestentity(“VIE”)anditssubsidiaries,establishedinmainlandChina.Foraccountingpurposes,wecontrolandreceivetheeconomicbenefitsoftheVIEanditssubsidiariesthroughcertaincontractualarrangements(the“ContractualArrangements”),whichenablesustoconsolidatethefinancialresultsoftheVIEanditssubsidiariesinourconsolidatedfinancialstatementsunderU.S.GAAP,andthestructureinvolvesuniqueriskstoinvestors.OursecuritiesofferedinthisofferingaresecuritiesofInfobirdCayman,theoffshoreholdingcompanyintheCaymanIslandsinsteadofsecuritiesoftheVIEoritssubsidiariesinChina.TheVIEstructureprovidescontractualexposuretoforeigninvestmentinChina- basedcompanieswhereChineselawprohibitsdirectforeigninvestmentintheoperatingcompanies.ForadescriptionoftheVIEAgreements,see“ProspectusSummary—OurCorporateStructureandContractualArrangementswiththeVIE”intheaccompanyingprospectus.AsaresultofouruseoftheVIEstructure,youmayneverholdequityinterestsintheVIEoritssubsidiaries. BecausewedonotholdequityinterestsintheVIEoritssubsidiaries,wearesubjecttorisksanduncertaintiesoftheinterpretationsandapplicationsofPRClawsandregulations,includingbutnotlimitedto,regulatoryreviewofoverseaslistingofPRCcompaniesthroughspecialpurposevehiclesandthevalidityandenforcementoftheVIEAgreementsamongourwhollyownedPRCsubsidiary,theVIE,andtheshareholdersoftheVIE.WearealsosubjecttotherisksanduncertaintiesaboutanyfutureactionsofthePRCgovernmentinthisregardthatcoulddisallowtheVIEstructure,whichwouldlikelyresultinamaterialchangeinouroperations,andthevalueofoursecuritiesmaydepreciatesignificantlyorbecomeworthless.TheVIEAgreementshavenotbeentestedinacourtoflawinChinaasofthedateofthisprospectussupplement.See“RiskFactors—RisksRelatedtoOurCorporateStructure—WeconductourbusinessthroughInfobirdBeijingbymeansofContractualArrangements.IfthePRCcourtsoradministrativeauthoritiesdeterminethattheseContractualArrangementsdonotcomplywithapplicableregulations,wecouldbesubjecttoseverepenaltiesandourbusinesscouldbeadverselyaffected.Inaddition,changesinordifferentinterpretationsofsuchPRClawsandregulationsmayalsomateriallyandadverselyaffectourbusiness”intheaccompanyingprospectus.Foradetaileddescriptionofrisksrelatedtotheuseofthevariableinterestentity,see“