M&A - United Express Inc.

Form Type: 10-Q

Filing Date: 2025-05-05

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225008469

Filing Summary: On March 31, 2025, United Express Inc. reported its financial results for the nine-month period ending on that date. The company, categorized as an Emerging Growth Company, has faced challenges with liquidity, reporting a net loss of $19,845 for the period. Important elements of the report include an acquisition of assets from Fighting Leagues on September 21, 2023, which included a promoter’s license, media rights, and production equipment. Despite these acquisitions enabling them to hold combat sports events in Nevada, the company admitted to lacking the necessary capital and planning to successfully implement these events. Overall, revenues have increased but remain substantially lower than the previous year's figures. For the period ended March 31, 2025, the total revenue reported was $64,232, a significant decrease from $210,450 recorded in the same period a year earlier. Operational expenses and costs have also impacted profitability, and the financial statements indicate a need for additional capital to cover upcoming operational costs.

Form Type: 10-Q

Filing Date: 2025-02-10

Corporate Action: Acquisition

Type: Update

Accession Number: 000149315225005610

Filing Summary: For the period ended December 31, 2024, United Express Inc. reported significant financial activity, including the acquisition of assets from Jebour Two Limited and its subsidiary, Fighting Leagues TV, on September 21, 2023. This acquisition involved the issuance of 12,380,951 shares of common stock. Key assets acquired included a Professional Promoter license for producing combat sports events in Nevada, media rights for 40 previously produced shows, and production and staging equipment. The financial report highlights operational challenges faced by the company, such as a decline in sales from $163,635 in the six months ending December 31, 2023, to $39,232 in the same period for 2024, reflecting a significant operational loss and necessitating future capital to successfully hold combat sports events. The firm's total assets are reported at $13,711,307, with cash reserves declining to $2,000 as of the end of the reporting period. The management noted that the current cash is insufficient for ongoing working capital needs unless further revenue or financing is secured. The company is classified as an emerging growth company and maintains a focus on logistics and transportation.