M&A - CONECTISYS CORP

Form Type: 10-K

Filing Date: 2025-02-21

Corporate Action: Acquisition

Type: New

Accession Number: 000168316825001163

Filing Summary: Conectisys Corporation, incorporated in Colorado, operates as a shell company aiming to create shareholder value through mergers with entities possessing experienced management and growth potential. The company has not identified any candidate for these mergers. Financially, as of December 31, 2024, Conectisys reported an accumulated deficit of $32,300,436 with no revenues since 2008. After debt extinguishment in fiscal 2017, liabilities were legally released through court decrees, resulting in only common stock remaining on the balance sheet. The company's strategy involves seeking acquisition opportunities across industries and regions without restricting to specific sectors. Potential business combinations have not been finalized, leaving shareholders' interests potentially diluted. Due to significant competition, limited resources, and potential internal conflicts, the path to successful acquisition remains fraught with risks and uncertainties. Active business evaluations and professional advisory roles will guide future directions.

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