M&A - Star Alliance International Corp.

Form Type: 10-K/A

Filing Date: 2025-01-14

Corporate Action: Acquisition

Type: Update

Accession Number: 000168316825000337

Filing Summary: This amendment to the 10-K filing of Star Alliance International Corp. addresses significant updates following a reevaluation of financial statements due to an SEC directive stemming from issues with the previous auditors, Gries and Associates. The amendment indicates that the audit was re-done by Bush and Associates, resulting in an increased loss attributed to changes in derivative calculations. Additionally, to align with SEC regulations, new certifications from the principal executive and financial officers have been included. A major focus of the document is the status of two acquisition agreements: one with Commsa for a 51% ownership stake, entailing obligations to provide cash and stock, which has seen extensions for completion dates; and another with Lion Works, which also includes similar financial commitments for a similarly structured acquisition. The document emphasizes that no other changes were made to the substance of the original Form 10-K, maintaining that all original disclosures remain intact despite the amendments.