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AI brief of an SEC Form 8-K · Origin Agritech LTD (SEED)

Origin Agritech completes Chardan merger and State Harvest acquisition

Neutral Impact 4 of 5 m&a Written later

On November 8, 2005, Chardan China Acquisition Corp. merged into Origin Agritech Limited, which then acquired State Harvest Holding Limited and its four operating companies. Shareholders gain a larger, operating hybrid seed business, and the filing says the shares will trade on the NASDAQ National Market under SEED, with about 15.1 million shares outstanding per the press release.

Key points

  • Closing on November 8, 2005: Chardan merged into Agritech, then Agritech acquired State Harvest.
  • State Harvest holders received $10 million in cash from Chardan's trust account and 10,000,000 Agritech shares; $250,000 is held back for one year.
  • Up to $15 million in additional cash may be paid if financing of at least $40 million or cash-flow targets are met, and up to 1,500,000 more shares depend on after-tax profit of $11 million for the year ending June 30, 2006.
  • Chardan officer positions were eliminated and five new directors were appointed, including Gengchen Han.

The filing

CompanyOrigin Agritech LTD (SEED)
Form8-K, current report
Filed with the SECNov 14, 2005, 4:29 PM ET
Accession number0001144204-05-035515

Items reported: 2.01 Acquisition or Disposition Completed2.02 Results of Operations3.03 Change to Shareholder Rights5.01 Change in Control5.02 Director / Officer Change5.03 Bylaw / Charter Amendment5.068.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 14, 2005.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.