M&A - STRATEGIC ACQUISITIONS INC /NV/

Form Type: 10-K

Filing Date: 2025-02-05

Corporate Action: Merger

Type: New

Accession Number: 000149315225005023

Filing Summary: Strategic Acquisitions, Inc. completed a merger with Exworth Union Inc on December 22, 2022, which has transformed the company from a shell entity with no revenue into one actively engaged in providing loans collateralized by digital assets. As of the fiscal year ending December 31, 2024, the company plans to focus on offering U.S. Dollar denominated loans primarily to businesses and individuals outside the U.S., particularly in Asia and Europe, secured by digital currencies, primarily Bitcoin. Despite the company's potential, it faces challenges in terms of developing a proprietary technological platform for managing digital asset-backed loans due to financial constraints. There are significant risks associated with its limited operational history, reliance on securing additional financing, and competition with various entities including other digital asset lenders and traditional financial institutions. The report includes forward-looking statements about the company's strategies and potential regulatory challenges that may arise as laws concerning blockchain and digital assets evolve. As of January 31, 2025, the company has engaged two consultants for administrative tasks, highlighting ongoing limitations in staffing.