Summit Networks Inc. (SNTW): M&A transaction — Summit Networks acquires St. Mega Enterprises for 20M shares

Summit Networks Inc.

Acquisition of 1103001 B.C. Ltd. (dba St. Mega Enterprises) closed May 31, 2024.
Mega becomes wholly owned subsidiary of Summit Networks (SNTW).
Consideration: 20,000,000 shares of SNTW common stock issued to Mega shareholders.
Mega has 30+ years experience in wood products, cabinets, and house construction.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Summit Networks Inc. completed an acquisition involving shareholders of 1103001 B.C. Ltd., dba St. Mega Enterprises for 20,000,000 shares of the common stock of SNTW (closed 2024-05-31).

Action: acquisition
Counterparty: shareholders of 1103001 B.C. Ltd., dba St. Mega Enterprises
Consideration: 20,000,000 shares of the common stock of SNTW
Closing: 2024-05-31

Exact text from the filing

2024 and SNTW acquired all the outstanding common stock of Mega. Due to this transaction, Mega has become a wholly owned subsidiary of SNTW. The shareholders of Mega received 20,000,000 shares of the common stock of SNTW. Mega has more than thirty (30) years of experience in the business of designing, manufacturing, and installing wood products, including

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Summit Networks Inc. filing history →

Source: SEC EDGAR

accession 0001091818-24-000076

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