M&A - Eco Bright Future, Inc.

Form Type: 10-Q

Filing Date: 2025-05-20

Corporate Action: Merger

Type: Update

Accession Number: 000117152025000184

Filing Summary: Eco Bright Future, Inc. reported financial results for the quarter ending March 31, 2025. The company's current assets rose to $355,014 from $84,733 as of December 31, 2024, largely due to increased cash and prepaid assets. Non-current assets increased to $605,306, driven by ongoing software development projects. Total assets totaled $960,320, with total liabilities significantly reduced from $670,846 to $127,530, primarily due to reduced advances payable to related parties. Stockholders’ equity reflected a notable recovery, totaling $832,796 due to an influx in additional paid-in capital and the issuance of common stock. The consolidated net loss for the quarter was reported at $93,960, attributed to increased operating expenses, particularly professional fees and general administrative costs. Eco Bright has not recognized any revenue during this period. The company continues its strategy toward asset tokenization and expected to enter markets in multiple countries such as Thailand and Guatemala. There was a key merger agreement finalized with the subsidiary Universa Hub Africa which altered the stock structure of the company, enhancing its operational strategy in blockchain technology. The financial condition of Eco Bright reflects ongoing challenges, including significant accumulated losses which raise doubts about its continued operation as a going concern. They emphasize the need for future capital to meet operational demands and the potential for raising funds via equity or debt financing to facilitate growth.

Form Type: 10-12G/A

Filing Date: 2025-01-28

Corporate Action: Acquisition

Type: Update

Accession Number: 000117152025000015

Filing Summary: Eco Bright Future, Inc. is registering its common stock with the SEC under Section 12(g) of the Securities Exchange Act of 1934. This follows their reverse merger completed in December 2023 with United Heritage and Universa Hub Africa. The company focuses on optimizing blockchain technology for tokenization of Real World Assets and will abide by the reporting requirements mandated by the SEC, including filing Form 10-K, Form 10-Q, and Form 8-K. The business operates primarily in Tunisia and plans to seek licensing for operations in El Salvador, Thailand, and the UAE, enhancing opportunities for growth in digital asset service provision. The document outlines previous operations, current business activities, and their forward-looking plans, detailing their partnerships, blockchain projects, and business strategies, alongside regulatory compliance strategies for different jurisdictions. The company emphasizes its intention to aid governmental projects in blockchain implementation while planning future growth into additional markets contingent on satisfactory regulatory approvals.

Form Type: 10-12G/A

Filing Date: 2024-12-09

Corporate Action: Acquisition

Type: Update

Accession Number: 000117152024000384

Filing Summary: Eco Bright Future, Inc. has filed this Amendment 5 to their Form 10 registration statement to register their common stock and to initiate reporting obligations under the Securities Exchange Act of 1934. The company, incorporated in Wyoming, has undergone a significant acquisition by completing a reverse merger with United Heritage (El Salvador) and Universa Hub Africa (Tunisia) in December 2023. Following this merger, Eco Bright Future aims to innovate in the blockchain sector by enabling the tokenization of real-world assets. The document highlights the strategic plan for operations within various jurisdictions, particularly focusing on community engagements and the development of blockchain applications in Tunisia, as well as business expansion in El Salvador, UAE, and Thailand. The forward-looking statements detail potential challenges and operational strategies regarding licensing, regulatory compliance, and service offerings in the digital asset and blockchain industries, emphasizing the company's commitment to adapt according to changing law. Furthermore, they are engaging in developing a digital asset service platform and anticipate further expansions in the blockchain technology landscape.

Form Type: 10-12G/A

Filing Date: 2024-10-22

Corporate Action: Acquisition

Type: Update

Accession Number: 000117152024000342

Filing Summary: Eco Bright Future, Inc. has filed an amended Form 10 to register its common stock under Section 12(g) of the Securities Exchange Act. The amendment follows a reverse merger completed in December 2023 with United Heritage (El Salvador) and Universa Hub Africa (Tunisia). The company provides services leveraging blockchain technology focused on the tokenization of Real World Assets (RWA) without engaging in cryptocurrency mining. It aims to support various jurisdictions, particularly in El Salvador and Tunisia, to develop financial technology solutions that integrate with government services. Moreover, it has established partnerships for operational capabilities and is structuring its business model for profitability and compliance with regulations. Additional information includes a new board member, the ongoing licensing processes in several countries, and plans for digital asset services to comply with regulatory requirements.

Form Type: 10-12G/A

Filing Date: 2024-08-09

Corporate Action: Acquisition

Type: Update

Accession Number: 000117152024000288

Filing Summary: Eco Bright Future, Inc., has filed a registration statement on Form 10 to register its common stock under Section 12(g) of the Securities Exchange Act. The registration statement is a result of a reverse merger completed in December 2023 with United Heritage and Universa Hub Africa, which were noted as the surviving entities. The document outlines the company's business model focusing on blockchain technology and Real World Asset (RWA) tokenization, with operations centered in Central America and plans for expansion into regions such as the UAE and Thailand. The company plans to utilize its proprietary blockchain for tokenization processes and aims to comply with reporting regulations imposed by the SEC. Forward-looking statements included in the filing highlight the anticipated challenges and uncertainties that might affect the company's operations and growth potential. Additionally, the financial risks, capital needs, and reliance on key personnel are outlined as critical aspects affecting the company's future viability and operational strategy.

Form Type: 10-12G/A

Filing Date: 2024-07-11

Corporate Action: Merger

Type: Update

Accession Number: 000117152024000251

Filing Summary: Eco Bright Future, Inc. is filing an amendment to its registration statement on Form 10 for the registration of its common stock under Section 12(g) of the Securities Exchange Act of 1934. The filing includes the company's organizational history, which outlines its incorporation in Wyoming in August 2021, and discusses a reverse merger completed in December 2023 with United Heritage (an El Salvador corporation) and Universa Hub Africa (a Tunisian corporation). The document details the company's focus on blockchain technology and the tokenization of real-world assets (RWA). Management anticipates significant capital needs for growth, projected between $5 million and $25 million, and discusses licensing applications in various jurisdictions including El Salvador, UAE, and Thailand. It emphasizes the competition in the RWA tokenization market and the dependency on key personnel, along with several risk factors impacting its operations and financing. The filing notes that the organization does not currently pay dividends and is considered an emerging growth company under the JOBS Act.