M&A - Community Redevelopment Inc.

Form Type: 10-K

Filing Date: 2025-03-19

Corporate Action: Merger

Type: New

Accession Number: 000168316825001708

Filing Summary: Community Redevelopment Inc. (CRDV) was incorporated in Oklahoma on August 16, 2010, as Crosswind Renewable Energy Corp. After a significant business transformation in July 2020, CRDV shifted its focus from renewable energy to community-oriented real estate redevelopment, targeting economic growth in opportunity zones. As of the fourth quarter of 2024, the company transitioned from a primarily multi-family housing business to a broader business holding company structure, including various verticals like technical services, accounting, financing, and healthcare. This strategy is aimed at fostering growth through mergers, acquisitions, and joint ventures, particularly in database technology, finance, and real estate sectors. The company emphasizes its intent to build assets and revenues through targeted acquisitions and partnerships, with a management team experienced in business operations. Current financial challenges were highlighted, including a historical accumulated deficit of $60,097,918 and limited cash reserves, but the management remains optimistic about pursuing growth opportunities in diverse markets. Due to its emerging growth company status, CRDV is eligible for regulatory exemptions and aims to comply with reporting requirements as it seeks to stabilize and grow its operations.

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