M&A - Webstar Technology Group Inc.

Form Type: 8-K

Filing Date: 2025-06-27

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225016779

Filing Summary: On June 12, 2025, Webstar Technology Group, Inc., through its subsidiary Forge Atlanta Asset Management, LLC, entered into a Commercial Purchase and Sale Agreement with McCall Railroad, LLC, to acquire two commercial properties (Land Lots 84 and 85) in Fulton County, Georgia for a total purchase price of $33 million. This acquisition is part of the company’s strategy to develop mixed-use commercial and residential complexes on approximately 10 acres of land zoned for such development. Due diligence is expected to be completed within 90 days, with plans to close on the property in January 2026. Initial development activities have already begun, including site master planning and space allocation. The Agreement includes customary representations and warranties from both parties and is subject to standard closing conditions, including acceptable financing arrangements for the seller.