---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-017547"
form_type: "8-K"
ticker: "KUBR"
cik: "0001081834"
company_name: "Kuber Resources Corp"
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T14:22:13.489541+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kuber Resources acquires Gongfa Materials for ~$130M in stock; related-party transaction

## Summary
- Acquires 100% of Gongfa (engineered wood) for ~$130M in Kuber stock at $4.80/share; closing expected Q4 2024.
- New shares equal ~20% of Kuber's outstanding (26.5M shares); total shares post-issuance 159.1M.
- Gongfa shareholders become Storming Dragon shareholders via concurrent exchange agreement; Storming Dragon to hold 67.66% of Kuber.
- Director Li Jiyong (28.14% of Gongfa) will own 19.04% of Kuber post-issuance; CEO Raymond Fu remains controlling.
- Valuation report due within 14-45 days; share issuance 45+ days after report, subject to board approvals.

## SEC filing metadata
- accession: 0001214659-24-017547
- form_type: 8-K
- ticker: KUBR
- cik: 0001081834
- company_name: Kuber Resources Corp
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1081834/000121465924017547/0001214659-24-017547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1081834/000121465924017547/y10152408k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-017547
- JSON: https://secwatch.observer/filing/0001214659-24-017547.json
- Plain text: https://secwatch.observer/filing/0001214659-24-017547.txt

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