Close the acquisition of Haitaoche Limited
Delivered after the deadline (86 days after the deadline)
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 6 Jan 2021
- Due
- 31 Mar 2021
- Delivered
- 25 Jun 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Subject to the approval by Nasdaq and other closing conditions, the Company anticipates that the Acquisition will close by March 31, 2021.”
What we found
Evidence strength A What the grades mean
The company failed to close the acquisition by the March 31, 2021 deadline, ultimately completing the transaction on June 25, 2021.
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A Kaixin Auto Holdings 20-F filed 2021-05-14
“As of the date of this annual report, the Haitaoche Acquisition had not been consummated.” ✓ confirmed on the page
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A Kaixin Auto Holdings 20-F filed 2022-04-29
“On June 25, 2021, our Company issued an aggregate of 74,035,502 ordinary shares through private placement to several former shareholders of Haitaoche in exchange of 100% of the share capital of Haitaoche” ✓ confirmed on the page
Market reaction: the shares moved +13.1% against the S&P 500 over the three sessions around the disclosure (13 May 2021 to 18 May 2021). What this measures
Checked 24 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Acquisition of Haitaoche Limited
- Where
- China
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: approval by Nasdaq; other closing conditions
- Depends on
- Regulatory, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-KXIN-021103 · Corrections policy