Summit Networks to acquire St. Mega Enterprises for 20M shares in stock-for-stock deal

Summit Networks Inc.

SNTW to acquire all outstanding common stock of St. Mega Enterprises, a Canadian wood-products firm.
Mega shareholders will receive 20,000,000 shares of SNTW common stock; no cash consideration.
Transaction approved by SNTW board but subject to due diligence and regulatory approvals.
Mega has over 30 years of experience in cabinets and house construction.
No financial terms or expected closing date disclosed; deal contingent on conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Summit Networks Inc. entered into stock purchase agreement with shareholders of St. Mega Enterprises (effective 2024-04-08).

Action: entry
Agreement: asset purchase
Counterparty: shareholders of St. Mega Enterprises
Effective: 2024-04-08

Exact text from the filing

On April 8, 2024 Summit Networks, Inc. (“SNTW”) entered into a stock purchase agreement with the shareholders of St. Mega Enterprises, a Canadian corporation, located in British Columbia Canada, (“Mega”).

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Summit Networks Inc. filing history →

Source: SEC EDGAR

accession 0001091818-24-000038

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