M&A - INCEPTION MINING INC.

Form Type: 8-K

Filing Date: 2025-07-07

Corporate Action: Acquisition

Type: New

Accession Number: 000109690625001096

Filing Summary: On June 30, 2025, BluSky AI Inc. entered into an Acquisition and Power Assignment Agreement with Digital Asset Management, LLC, granting BluSky exclusive rights to utilize 9.3 MW of solar and grid-interconnected power at a cost of $0.068 per kWh. In exchange, BluSky issued 20,000,000 shares of restricted common stock to DAM. Additionally, BluSky entered into a Ground Lease with Wild Mustang Ventures LLC, leasing 51.6 acres in Milford, Utah, for two years at an annual rent of $90,000, with the option to purchase the land. The lease includes standard provisions and a mutual indemnification clause.