M&A - Kingfish Holding Corp

Form Type: 10-Q

Filing Date: 2025-02-13

Corporate Action: Merger

Type: Update

Accession Number: 000147793225000938

Filing Summary: Kingfish Holding Corporation, incorporated in Delaware, serves the recycling needs of South Tampa Bay. The company reported its financials for Q1 of FY 2025, showing significant growth with revenues of $1,536,631 and net income of $197,981. They completed a merger on April 19, 2024, with Renovo Resource Solutions, marking a key business strategy to enhance operations. As a result, Renovo Owners acquired 71.6% of the company's common stock immediately upon closing. The financial results highlight improvements in cash flow and operational efficiency post-merger. The document includes detailed financial statements and analyses for Q1 FY 2025, reflecting a positive outlook with eliminated concerns over going concern status.

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Form Type: 10-K

Filing Date: 2025-01-13

Corporate Action: Merger

Type: New

Accession Number: 000147793225000201

Filing Summary: Kingfish Holding Corporation's Annual Report on Form 10-K covers the fiscal year ended September 30, 2024. The report highlights the company’s history, including its reverse merger in 2007 and the recent merger with Renovo Resource Solutions, Inc. completed on April 19, 2024. Post-merger, the company focuses on acquiring, processing and reselling scrap metals. The report discusses details about the operational transition following the merger, including Renovo's expansion in business operations that increased its material processing from a few thousand to approximately 1.5 million pounds per month. It outlines the business's structure, its properties, and that the company is solely run under the guidelines in compliance with legal requirements in Florida. Kingfish is categorized as a smaller reporting company, and the report mentions the challenges that could affect financial performance including market risks, regulatory challenges, and the potential impacts of competition in the recycling sector.

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Form Type: 8-K

Filing Date: 2025-01-07

Corporate Action: Merger

Type: Update

Accession Number: 000147793225000085

Filing Summary: On December 31, 2024, Kingfish Holding Corporation completed a merger with Renovo Resource Solutions, Inc., with Renovo being merged into Kingfish, which becomes the surviving entity. The company assumed both Renovo Affiliated Debt and 6 LLC Affiliated Debt. Each debt category totaled various amounts, including loans made by James K. Toomey, Lori M. Toomey, and Kristen Toomey, all associated with the Toomey Debtholders. Additionally, the maturity date for all affiliated debts has been amended to December 31, 2025. The amendments to various promissory notes and loan agreements related to this debt are detailed in the attached exhibits to this filing.

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Form Type: NT 10-K

Filing Date: 2024-12-30

Corporate Action: Merger

Type: New

Accession Number: 000147793224008384

Filing Summary: Kingfish Holding Corporation is filing for a 15-day extension for submitting its Annual Report on Form 10-K for the fiscal year ended September 30, 2024, due to delays caused by the auditors' inability to complete the audit of the financial statements. The delay is linked to the recent merger with Renovo Resource Solutions, Inc., which was completed on April 19, 2024. As a result of this merger, the audit process has taken longer than anticipated. Kingfish plans to file its Form 10-K by the extended deadline of January 13, 2025. In addition, the financial statements for the year will incorporate the operations of Renovo, indicating significant changes in the results anticipated compared to the previous fiscal year.

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