{"schema_version":"secwatch.filing_event.v1","accession":"0001091818-22-000175","form_type":"8-K","ticker":"SNTW","cik":"0001619096","company_name":"Summit Networks Inc.","filed_at":"2022-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.459472+00:00","generated_at":"2026-06-21T09:37:00.925369+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Summit Networks sells 5M shares to Future Era Tech for $200K; FET to manage subsidiary with control earn-out","bullets":["FET acquires 5M shares at $0.04/sh ($200K) and will manage Sumnet (Canada), a clean-energy equipment seller.","If Sumnet achieves 50% of $750K annual profit in first two quarters, FET earns board seat.","If Sumnet meets $750K profit for 2 consecutive years, FET can buy additional shares at $0.04 and gain control.","Failure to meet profit targets for 2 consecutive years cancels additional share rights but FET retains management.","Shares issued under Section 4(2) exemption; restricted legend applied."],"urls":{"canonical":"https://secwatch.observer/filing/0001091818-22-000175","json":"https://secwatch.observer/filing/0001091818-22-000175.json","markdown":"https://secwatch.observer/filing/0001091818-22-000175.md","text":"https://secwatch.observer/filing/0001091818-22-000175.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1619096/000109181822000175/0001091818-22-000175-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1619096/000109181822000175/sntw11302022form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T09:37:00.925369+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0b6035e2ab6ef44c99c1b44282b00ce2ae676a0b","claim":"Summit Networks Inc. entered into a equity purchase with Future Era Tech, Inc. (\"FET\") valued at $200,000.00 (effective 2022-11-30).","evidence_excerpt":"On November 30, 2022 Future Era Tech, Inc. (“FET”), a corporation incorporated and existing under the laws of British Columbia entered into a contract with Summit Networks, Inc. (trading in the OTC Markets under the symbol “SNTW”), a corporation incorporated under the laws of the State of Nevada. Under the terms of the Agreement, FET will acquire 5,000,000 shares of common stock of SNTW for $200,000.00.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1619096/000109181822000175/0001091818-22-000175-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Future Era Tech, Inc. (\"FET\")"},{"label":"Value","value":"$200,000.00"},{"label":"Effective","value":"2022-11-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}