Summary by Futu AI
Next Level Market Fund Inc., along with its executives Lujiao Xianyu, Fuxia Sun, and Lan Li, have filed a Schedule 13D with the SEC, disclosing the acquisition of a 7.00% stake in INNO Holdings Inc., which amounts to 1,452,620 shares of common stock. The shares were acquired as a charitable donation from Dekui Liu, the former CEO of INNO Holdings, on May 31, 2024. The Reporting Persons have shared voting and dispositive power over these shares. The transaction is part of a broader investment strategy, with the Reporting Persons indicating potential future actions that may influence the company's business and affairs. Additionally, Next Level has entered into a Securities Purchase Agreement to sell 145,262 shares of INNO Holdings to various investors, subject to certain closing conditions. The Reporting Persons have not engaged in any other transactions in the securities of INNO Holdings in the past 60 days.