secwatch.observer — SEC 8-K summary
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Issuer:     NAPC Defense, Inc. (BLIS)
CIK:        0001703625
Form:       8-K
Filed at:   2024-06-20T23:59:59+00:00
Accession:  0001199835-24-000229
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 3.02, 5.01, 5.02, 5.03
LLM model:  deepseek-v4-flash:cloud@v2

Treasure & Shipwreck Recovery acquires CornerShot rights, changes name to NAPC Defense, appoints new CEO
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- Acquired rights to CornerShot firearms/surveillance tech from Native American Pride Constructors for 95M restricted shares.
- LOI for expected Saudi Arabia order of 37,000 CornerShot units from Ministry of Defense; production planned domestically.
- Name changed to NAPC Defense, Inc.; authorized shares increased from 200M to 300M effective June 3, 2024.
- New board and officers: Edward K. West (CEO/Director), Stephen L. Gurba (President/Director), John Spence (CFO/Director).
- Also acquired munitions brokering rights, leads for overseas sales to US allies with State Dept. DDTC registration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703625/000119983524000229/0001199835-24-000229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703625/000119983524000229/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001199835-24-000229

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer