secwatch.observer — SEC 8-K summary
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Issuer:     Global Asset Management Group, Inc. (GAMG)
CIK:        0000055234
Form:       8-K
Filed at:   2021-10-05T23:59:59+00:00
Accession:  0001477932-21-007035
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kenilworth Systems acquires ACL Group IP assets and issues securities; director resigns
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- Acquired certain intellectual property and database assets of ACL Group, Inc.
- Paid $300M secured convertible promissory note at 5% annual interest, convertible into common stock.
- Issued 40,000,000 common shares, 1,000,000 Series A and 1,000 Series B preferred shares as part of consideration.
- Issued 20,000,000 Class A common stock purchase warrants exercisable at $0.02 per share for 10 years.
- Peter Zompa resigned as director on September 30, 2021, effective immediately.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55234/000147793221007035/0001477932-21-007035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55234/000147793221007035/kens_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-21-007035

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