Astra Energy, Inc.: M&A transaction — Astra Energy acquires 50% stake in Astra-Holcomb Energy Systems for 5M shares and $10M license fee

Astra Energy, Inc.

Acquired 50% (50 of 100 shares) of Astra-Holcomb Energy Systems LLC from HRE Scientific Holdings Ltd.
Consideration: 5,000,000 shares of Astra common stock plus $10M license fee for exclusive California use of the In-Line Power Generator.
License fee: $5M due within 30 days of execution; additional $5M due 12 months from execution.
Transaction effective October 21, 2022; agreement executed October 27, 2022.
Shares issued in unregistered transaction under Section 4(a)(2) of the Securities Act.

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

Astra Energy, Inc. completed an acquisition involving HRE Scientific Holdings Ltd. for 5,000,000 shares of common stock of the Company and an agreement to license for the exclusive use of the ILPG, for the territory of California for a license fee (closed 2022-10-27).

Action: acquisition
Counterparty: HRE Scientific Holdings Ltd.
Consideration: 5,000,000 shares of common stock of the Company and an agreement to license for the exclusive use of the ILPG, for the territory of California for a license fee
Closing: 2022-10-27

Exact text from the filing

System In Line Power Generator (" ILPG "). Pursuant to the Agreement, HRE has agreed to sell to the Company 50 shares of common stock of Astra-Holcomb LLC in consideration of 5,000,000 shares of common stock of the Company and an agreement to license for the exclusive use of the ILPG, for the territory of California for a license fee of $5,000,000 within 30 days

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Astra Energy, Inc. entered into Sale of Shares Agreement with HRE Scientific Holdings Ltd. valued at $5,000,000 (effective 2022-10-21).

Action: entry
Agreement: asset purchase
Counterparty: HRE Scientific Holdings Ltd.
Value: $5,000,000
Effective: 2022-10-21

Exact text from the filing

On October 27, 2022, Astra Energy Inc. (the " Company ") executed a Sale of Shares Agreement, with an effective date of October 21, 2022 (the " Agreement ") with HRE Scientific Holdings Ltd.

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Source: SEC EDGAR

accession 0001477932-22-008174

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