---
schema_version: "secwatch.filing_event.v1"
accession: "0001091818-24-000126"
form_type: "8-K"
ticker: "SNTW"
cik: "0001619096"
company_name: "Summit Networks Inc."
filed_at: "2024-10-17T23:59:59+00:00"
generated_at: "2026-05-30T13:20:18.056577+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Summit Networks and St. Mega Enterprises rescind acquisition; previous transaction reversed.

## Summary
- On October 11, 2024, parties agreed to terminate the Stock Purchase Agreement for St. Mega Enterprises.
- Termination rescinds the May 11, 2024 consummation; all prior actions in support of the deal are reversed.
- The parties entered into a Reverse Merger Agreement to effect the rescission and termination.

## SEC filing metadata
- accession: 0001091818-24-000126
- form_type: 8-K
- ticker: SNTW
- cik: 0001619096
- company_name: Summit Networks Inc.
- filed_at: 2024-10-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1619096/000109181824000126/0001091818-24-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1619096/000109181824000126/sntw1017248k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001091818-24-000126
- JSON: https://secwatch.observer/filing/0001091818-24-000126.json
- Plain text: https://secwatch.observer/filing/0001091818-24-000126.txt

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