M&A - Tribal Rides International Corp.

Form Type: 8-K

Filing Date: 2025-02-10

Corporate Action: Merger

Type: New

Accession Number: 000168316825000896

Filing Summary: On February 6, 2025, Tribal Rides International Corp. entered into a Share Exchange Agreement with Singta Industries Inc. The Agreement led to several appointments on the Board of Directors, including Adam Clode as Chief Executive Officer and Director, Candice Beaumont as Director, and John McMullen as Director, who is also the Interim CEO of Singta. Additionally, the company experienced resignations on the Board, with Joseph Grimes, Sanjay Prasad, and Steven Ritacco stepping down. Mr. Ritacco also resigned as Chief Technology Officer. The document notes that Tribal Rides is classified as an emerging growth company.

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Form Type: 8-K

Filing Date: 2025-02-06

Corporate Action: Acquisition

Type: New

Accession Number: 000168316825000774

Filing Summary: On February 6, 2025, Tribal Rides International Corp. entered into a Share Exchange Agreement with Singta Industries Inc. Under this agreement, Tribal Rides will acquire 100% of the 50,000,000 issued and outstanding shares of Singta Industries in exchange for 400,000,000 newly issued restricted common shares of Tribal Rides. This transaction represents the full consideration for the acquisition of the Target. The shares were issued without registration under the Securities Act based on private offering exemptions. The full text of the Agreement will be included in Tribal Rides' Annual Report for the fiscal year ending December 31, 2024.

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Form Type: 8-K

Filing Date: 2025-02-05

Corporate Action: Acquisition

Type: New

Accession Number: 000168316825000733

Filing Summary: On December 31, 2024, Tribal Rides International Corp. completed the sale of all its owned intellectual property to Boumarang Inc. as outlined in the Asset Purchase Agreement. The assets include patents, trade secrets, customer lists, prototypes, and all associated rights, valued at $5,000,000, which was paid in 2,906,977 shares of Boumarang common stock. This acquisition includes a comprehensive transfer of the company's intangible assets, with specifics detailed in the full text of the agreement filed as an exhibit with the report.

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