Fuel Doctor Holdings to acquire Charging Robotics in reverse merger; issues 6.1M shares after 1:150 reverse split

Charging Robotics Inc.

Acquires 100% of Charging Robotics Ltd. for 6,145,000 newly issued shares (post 1-for-150 reverse split).
Sellers eligible for up to 6,150,000 additional earnout shares based on three performance milestones.
Company was a shell company prior to agreement; ceases shell status upon execution.
Closing subject to customary conditions; agreement filed as Exhibit 10.1.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Charging Robotics Inc.: Company ceased being a shell company upon execution of the Acquisition Agreement on March 28, 2023 (effective 2023-03-28).

Change: shell status
Effective: 2023-03-28

Exact text from the filing

Prior to the closing of the acquisition, the Company was a "shell company" as defined in Rule 405 of the Securities Act and Rule 12b-2 of the Exchange Act. As described in Item 2.01 above, which is incorporated by reference into this Item 5.06, The Company ceased being a shell company upon the execution of the Acquisition Agreement on March 28, 2023.

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Charging Robotics Inc. filing history →

Source: SEC EDGAR

accession 0001017386-23-000127

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