M&A - HST Global, Inc.

Form Type: NT 10-K

Filing Date: 2025-03-31

Corporate Action: Acquisition

Type: Update

Accession Number: 000143774925010236

Filing Summary: HST Global, Inc. filed a Notification of Late Filing for its Form 10-K for the period ended December 31, 2024. The delay in filing is attributed to recent acquisitions of Amnion LLC and Qwyit LLC, which necessitated additional audit procedures including valuations and purchase price allocation, causing unforeseen delays in the filing process. The Company does not expect to meet the extended filing deadline of 15 days from the original due date.

Form Type: 8-K

Filing Date: 2025-03-20

Corporate Action: Acquisition

Type: New

Accession Number: 000167479625000001

Filing Summary: On February 17, 2025, HST Global, Inc. entered into an Acquisition Agreement with Michael P. Fortkort and R. Paul McGough, acquiring Qwyit LLC. Qwyit LLC holds the rights to key intellectual property for products including QFone, a secured video calls application, and OpenVPN with embedded encryption. The acquisition involved issuing 10,000,000 shares of HST Global's common stock to the sellers, along with an option for an additional 5,000,000 shares at a purchase price set by either the closing stock price on the acquisition date or $0.73 per share. The deal also included an option linked to 400 hours of consulting services to grant another 5,000,000 shares under the same pricing terms, with the transaction closing on March 13, 2025. Additionally, HST Global reported issuing 10,000,000 shares of restricted common stock effective March 13, 2025, in relation to this acquisition.