---
schema_version: "secwatch.filing_event.v1"
accession: "0001091818-24-000038"
form_type: "8-K"
ticker: "SNTW"
cik: "0001619096"
company_name: "Summit Networks Inc."
filed_at: "2024-04-08T23:59:59+00:00"
generated_at: "2026-06-04T01:23:26.372635+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001091818-24-000038
- form_type: 8-K
- ticker: SNTW
- cik: 0001619096
- company_name: Summit Networks Inc.
- filed_at: 2024-04-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: medium
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1619096/000109181824000038/0001091818-24-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1619096/000109181824000038/sntw048248k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001091818-24-000038
- JSON: https://secwatch.observer/filing/0001091818-24-000038.json
- Plain text: https://secwatch.observer/filing/0001091818-24-000038.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1619096/000109181824000038/0001091818-24-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.