M&A - Leet Technology Inc.

Form Type: 8-K

Filing Date: 2025-05-02

Corporate Action: Merger

Type: Update

Accession Number: 000168316825003082

Filing Summary: On April 29, 2025, Leet Technology Inc. reported the completion of its merger with Leet Inc. (LEET BVI), effective January 11, 2023. Under the merger agreement, former shareholders of Leet Technology will receive ordinary and preferred shares of LEET BVI on a one-for-one basis. LEET BVI has issued 151,096,262 ordinary and 6,898,256 preferred shares to former company shareholders. The merger changes the governance of the stockholders’ rights to that of LEET BVI's regulations. Effective April 29, 2025, LEET BVI's shares will be quoted under the symbol 'LTESF' on the OTC Market. Stockholders do not need to exchange share certificates immediately, and existing certificates will retain their validity as shares of LEET BVI until exchanged. Subsequent to the merger, the company plans to file reports on Form 6-K and Form 20-F starting with the fiscal year 2025. Mr. Dai Song holds a substantial portion of the new shares, indicating a significant change in control. Director and officer positions from Leet Technology Inc. will continue under LEET BVI.