M&A - Catalyst Crew Technologies Corp.

Form Type: 10-K

Filing Date: 2025-04-23

Corporate Action: Acquisition

Type: New

Accession Number: 000147793225002922

Filing Summary: Catalyst Crew Technologies Corp. underwent a significant transformation involving the acquisition of Big Data analytics assets from JT Technologies LLC on March 20, 2023. This acquisition was intended to enhance the company's capabilities in the gaming and gambling industries by analyzing player behavior and fraud protection. Additionally, the company's executive leadership has changed, with Gurneet Kaur appointed as CEO on September 18, 2023, though she later resigned on June 7, 2024, after a stock purchase agreement that positioned Waqas Nakhwa as the controlling shareholder with 66.53% of the voting stock. As of June 11, 2024, the company shifted its strategic focus to developing Facial Recognition Technology (FRT) solutions and ceased all prior operations related to Big Data analytics. The new mission emphasizes ethical considerations and regulatory compliance concerning FRT implementation across various sectors such as security, healthcare, and retail, aiming to innovate continuously to meet industry needs and contribute positively to societal development.