RTC Baijiayun Group Ltd

  

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 June 2023

 

Commission File No. 001-33176

 

Baijiayun Group Ltd

(Exact name of registrant as specified in its charter)

 

24F, A1 South Building, No. 32 Fengzhan Road

Yuhuatai District, Nanjing

People’s 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 ☐

 

 

 

EXHIBIT INDEX

 

Exhibit No.		Description
Exhibit 99.1		Press Release

 

 

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.

 

	Baijiayun Group Ltd
	By:	/s/ Yong Fang
	Name:	Yong Fang
	Title:	Chief Financial Officer

 

Dated: June 30, 2023

 

 

2 

 

 

 

 

Exhibit 99.1

 

Baijiayun Announces Inclusion in the Nasdaq Global Market

 

BEIJING, June 30, 2023 -- Baijiayun Group Ltd (“Baijiayun” or the “Company”) (Nasdaq: RTC), a one-stop AI video solution provider, announced that its Class A ordinary shares will be transferred from the Nasdaq Capital Market to the Nasdaq Global Market effective with the open of business on June 30, 2023. The shares will continue trading under its current ticker symbol “RTC.” The financial and liquidity requirements for the Nasdaq Global Market are more stringent than those for the Nasdaq Capital Market.

 

The Nasdaq Stock Market (“Nasdaq”) has three distinctive tiers: The Nasdaq Global Select Market^®, The Nasdaq Global Market^® and The Nasdaq Capital Market®. Applicants must satisfy certain financial, liquidity and corporate governance requirements to be approved for listing on any of these market tiers. Corporate governance requirements are the same across all Nasdaq market tiers.

 

Approximately 1,450 or 44% of Nasdaq’s 3,300 listed companies qualify for inclusion in the Nasdaq Global Market. Inclusion in this tier is a mark of achievement and stature for companies that qualify and represents a company’s dedication to provide investors superior market quality.

 

“We are pleased to join the ranks of companies listed on the Nasdaq Global Market and look forward to the improved visibility that it offers with global investors as Baijiayun executes our strategy to become a leader in providing one-stop AI video solutions,” commented by Mr. Gangjiang Li, Chairman of the Board and CEO of Baijiayun.

 

About Baijiayun Group Ltd

 

Baijiayun is a one-stop AI video solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries.

 

Safe Harbor Statement

 

This press release contains certain “forward-looking statements.” These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties’ perspectives and expectations, are forward-looking statements. The words “will,” “expect,” “believe,” “estimate,” “intend,” and “plan” and similar expressions indicate forward-looking statements.

 

 

Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management’s current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company’s estimates as of the date of this press release, and subsequent events and developments may cause the Company’s estimates to change.

 

The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.

 

A further list and description of risks and uncertainties can be found in the documents the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

 

Investor / Media Contact:

 

Crocker Coulson

CEO, AUM Media, Inc.

(646) 652 7185

crocker.coulson@aummedia.org

 

Company Contact:

 

Yong Fang

CFO, Baijiayun Group Ltd

(267) 939 5080

fangyong@baijiayun.com

 

 

 

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