secwatch.observer — SEC 8-K summary
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Issuer:     HAMMER TECHNOLOGY HOLDINGS CORP. (HMMR)
CIK:        0001539680
Form:       8-K
Filed at:   2021-10-26T23:59:59+00:00
Accession:  0001062993-21-009862
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hammer Fiber Optics acquires TFS-LTD in share exchange; renames unit HammerPay
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- Acquires 100% of TFS-LTD (5M shares) for 5M restricted HMMR shares; TFS-LTD becomes wholly owned subsidiary.
- Acquired entity to be renamed HammerPay (USA) Ltd, subject to Delaware approval.
- Earnout: up to 5M additional HMMR shares if TFS-LTD EBITDA reaches $10M in any fiscal year.
- Transaction is non-dilutive; shares issued from authorized treasury stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539680/000106299321009862/0001062993-21-009862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539680/000106299321009862/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-21-009862

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