M&A - T-REX Acquisition Corp.

Form Type: 8-K

Filing Date: 2025-04-01

Corporate Action: Acquisition

Type: New

Accession Number: 000147793225002290

Filing Summary: On March 31, 2025, T-REX Acquisition Corp. completed an Asset Acquisition Agreement with Baoblock, Inc. This acquisition marks a significant step for T-REX as it expands into the crypto-mining business. Additionally, to support this transition, T-REX announced the appointment of Antonio Oliveira as the Chief Technology Officer on the same day. A press release summarizing the acquisition was published on April 1, 2025, detailing further insights and implications of this strategic acquisition.

Form Type: 8-K

Filing Date: 2025-03-07

Corporate Action: Acquisition

Type: New

Accession Number: 000147793225001549

Filing Summary: On March 6, 2025, T-REX Acquisition Corp. completed the acquisition of substantially all the assets of Peak Digital Solutions LLC through its wholly owned subsidiary, Megalodon Mining and Electric LLC. The total purchase price for the acquisition was $500,000, with an initial payment of approximately $33,000 made in November 2024, followed by a second payment of approximately $207,000 on March 6, 2025. A final balloon payment of approximately $260,000 is scheduled to be paid 90 days after the closing date. The note for the balloon payment is secured by a recorded Deed of Trust. Additionally, the financing for the acquisition and working capital was provided by the CEO Frank Horkey through three promissory notes: one for $70,000, another for $35,000, and a 12-month note for $207,000 specifically for the acquisition, with interest rates of 6% and 12% per annum, respectively.