Spin-off - NEURALBASE AI LTD.
Form Type: 8-K
Filing Date: 2025-05-21
Corporate Action: Spin-off
Type: New
Accession Number: 000147793225004068
Filing Summary: On May 19, 2025, Neuralbase AI Ltd. entered into an Asset Purchase Agreement with Vighnesh Dabole to acquire all rights to the BMP AI business, which includes its intellectual property, software, and technology, in exchange for 5,000,000 shares of restricted common stock. Additionally, on May 20, 2025, the Company executed a Spinout and Separation Agreement with Frank Gomez, transferring all rights to the Multidoc.ai business to him and terminating their prior business relationships. The report also discloses that Vighnesh Dabole became the controlling shareholder after acquiring a significant number of shares in a private transaction, and he was appointed CEO and other executive roles following Frank Gomez's resignation from all executive positions. The acquisition of BMP AI aims to position Neuralbase in the AI sector, focusing on delivering compliant, enterprise-grade AI solutions.
Additional details:
Item 1 01 Material Definitive Agreement Date: 2025-05-19
Item 1 01 Material Definitive Agreement Details: Acquisition of BMP AI business including intellectual property
Item 1 01 Material Definitive Agreement Consideration: 5,000,000 shares of restricted common stock
Item 5 01 Change In Control Date: 2025-05-14
Item 5 01 Change In Control Details: Vighnesh Dabole became the controlling shareholder after acquiring shares
Item 5 02 Departure Of Directors Date: 2025-05-20
Item 5 02 Departure Of Directors Details: Frank Gomez resigned as CEO, and Vighnesh Dabole was appointed as his replacement.
Item 8 01 Overview Bmp Ai: Focus on developing a compliant, document-grounded AI platform for enterprise use.
Comments
No comments yet. Be the first to comment!