New Asia Holdings acquires Olenox Corp. via share exchange for ~224M shares

New Asia Holdings, Inc.

Issues 224,305,833 shares of common stock for all of Olenox’s outstanding shares, making Olenox a wholly owned subsidiary.
Share exchange with Marble Trital Inc., sole Olenox shareholder; agreement includes Debt Forgiveness and Redemption Agreement (Exhibit A).
Customary closing conditions; Termination Date set for May 31, 2024 if not closed by then.
No financial statements or Olenox business description provided in this filing; additional disclosure expected.

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

New Asia Holdings, Inc. entered into Share Exchange Agreement with Olenox Corp. and Marble Trital Inc. (effective 2024-04-16).

Action: entry
Agreement: asset purchase
Counterparty: Olenox Corp. and Marble Trital Inc.
Effective: 2024-04-16

Exact text from the filing

On April 16, 2024, New Asia Holdings, Inc. (the “Company”) entered into a Share Exchange Agreement (the “Exchange Agreement”) by and between the Company, Olenox Corp., a Wyoming corporation (“Olenox”), and Marble Trital Inc., as the sole shareholder of Olenox (the “Shareholder”). Pursuant to the terms of the Exchange Agreement, the Company agreed to acquire from the Shareholder all of the issued and outstanding shares of common stock, par value $0.0001 per share, of Olenox in exchange for the issuance by the Company to the Shareholder of 224,305,833 shares of common stock, par value $0.001 per share, of the Company.

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Source: SEC EDGAR

accession 0001096906-24-000902

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