M&A - PETRO USA, INC.

Form Type: 8-K

Filing Date: 2025-05-23

Corporate Action: Acquisition

Type: Update

Accession Number: 000109991025000157

Filing Summary: On March 8, 2024, Petro USA, Inc. transferred a control block of voting stock, consisting of 4,000,000,000 shares of common stock, from Joseph Passalaqua to TradEx Fuel Exchange, Inc., equivalent to an ownership interest of approximately 97.9%. The shares were sold at a price of $0.00034 per share, with funding sourced from the personal funds of the Purchaser. The document also discusses the resignation of Joseph C. Passalaqua as sole Director, CEO, President, Secretary, and Treasurer, effective upon the appointment of new directors, which occurred with the appointment of Joseph Hoffman as Director and President, and Lee Cunningham as Director. Additional information on the backgrounds and qualifications of the new officers and the structure of the board is included, highlighting their significant experience in the industry.