M&A - ARVANA INC

Form Type: 10-K

Filing Date: 2025-07-17

Corporate Action: Acquisition

Type: New

Accession Number: 000171328225000574

Filing Summary: Arvana Inc., incorporated in Nevada, acquired Down 2 Fish Charters, LLC on February 3, 2023, for $50,000 and a secured $700,000 promissory note with an interest rate of 7.25%. The note's maturity date has been extended to August 15, 2025. On December 12, 2023, Arvana announced a non-binding memorandum to acquire FirstShot Centers, LLC, focused on repurposing vacant retail spaces. Arvana's fishing charter operations are challenged by competition, and market outlook shows potential revenue growth in the fishing charter industry. Notably, a 3-for-1 forward stock split was approved for common shares effective April 19, 2023, with retroactive effects noted in the annual report. The report provides a comprehensive overview of Arvana's business operations, financial condition, industry challenges, and regulatory compliance related to its fishing charter services.