Spin-off - Video River Networks, Inc.
Form Type: 10-K
Filing Date: 2025-04-16
Corporate Action: Spin-off
Type: Update
Accession Number: 000164117225004927
Filing Summary: Video River Networks, Inc. is a technology holding firm focusing on Electric Vehicles (EV), Artificial Intelligence (AI), Machine Learning (ML), and Robotics (R). This report summarizes the company’s progress, including a strategic shift back to technology from real estate since a board resolution on September 15, 2020, which included the spin-off of its real estate operations. The company plans to manage a portfolio of technology-focused operations including manufacturing and selling high-performance electric vehicles and related technological components. Following a sale of a preferred share in 2019, the company has a controlling interest over the subsidiary, Community Economic Development Capital, LLC. Key business objectives include maximizing stockholder returns through acquisitions, managing sustainable growth, and potential capital gains from asset disposition. The document outlines future growth strategies in the EV sector and reinforces the importance of the management's experience in identifying and executing acquisition opportunities.
Additional details:
Cik: 0001084475
Business Overview: technology holding firm with operations and management of Electric Vehicles, Artificial Intelligence, Machine Learning and Robotics assets
Corporate History: previously focused on real estate, recently returned to technology focus, completed multiple transactions including a significant acquisition in 2019
Business Objectives: maximize stockholder returns through acquisitions and sustained growth
Management Team Experience: broad range of experience in leadership, strategy development, operations management, and corporate transactions
Acquisition Strategy: identify and acquire companies in the EV-related sectors to create value
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