secwatch.observer — SEC 8-K summary
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Issuer:     Karbon-X Corp. (KARX)
CIK:        0001729637
Form:       8-K
Filed at:   2022-07-01T23:59:59+00:00
Accession:  0001477932-22-004800
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 2.01, 8.01, 5.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Karbon-X Corp. acquires Karbon-X Project in reverse merger; new focus on VERRA carbon credits
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- Acquired 100% of Karbon-X Project via stock issuance of 64.9M shares (~99% of outstanding) to target shareholders.
- New CEO Chad Clovis appointed; company renamed from Cocoluv, Inc. to Karbon-X Corp.
- Raised $955K in private placement (3.82M units at $0.25/unit with warrants exercisable at $0.75).
- Signed LOIs with Silversmith Power (hydroelectric carbon credits) and Heimdal (50% equity in ocean carbon capture).
- Business now focused on VERRA Certified carbon credits via industrial sales and subscription app; three employees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729637/000147793222004800/0001477932-22-004800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729637/000147793222004800/coco_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-004800

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