Kuber Resources Corp (KUBR): M&A transaction — Kuber Resources closes acquisition of Gongfa; issues 24.9M shares; majority owner now holds 67%

Kuber Resources Corp

Acquired 100% of Gongfa (engineered wood) via Kuber Guangdong; closed Jan 14, 2025 (effective Dec 31, 2024).
Consideration: 24.9M restricted shares (implied ~$130M at $4.80/sh); 18.81% of post-closing outstanding.
Post-closing, Storming Dragon (controlled by CEO Fu) owns ~106.1M shares, approx 67% of company.
Gongfa shareholders join Storming Dragon via Exchange Agreement; Fu retains 51% control; shares unregistered.

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

Kuber Resources Corp completed an acquisition involving Gongfa Materials (Guangdong) New Materials Technology Co., Limited for 24,944,381 restricted Common Stock shares which represents approximately 18.81% of the Company’s issued and outstanding common stock immediately after the Closi (closed 2025-01-14).

Action: acquisition
Counterparty: Gongfa Materials (Guangdong) New Materials Technology Co., Limited
Consideration: 24,944,381 restricted Common Stock shares which represents approximately 18.81% of the Company’s issued and outstanding common stock immediately after the Closi
Closing: 2025-01-14

Exact text from the filing

Gongfa Shareholders considered and agreed to accept the results of the Valuation Report and further agreed the number of Common Share Consideration issuable at closing shall be 24,944,381 restricted Common Stock shares which represents approximately 18.81% of the Company’s issued and outstanding common stock immediately after the Closing. On January 14, 2025,

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Kuber Resources Corp filing history →

Source: SEC EDGAR

accession 0001214659-25-000669

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