---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-001149"
form_type: "8-K"
ticker: "HSCT"
cik: "0001721056"
company_name: "HOOPS SCOUTING USA"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:07:33.479820+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hoops Scouting USA acquires Grit Performance Athletics app for $100K in stock, exits shell company status

## Summary
- Acquired Grit Mobile Application and related assets for $100,000, paid with 500,000 restricted shares.
- Grit app has 3,500+ users and 757 premium subscribers; founded by professional coach Doug Plumb.
- Company was a shell company prior to transaction; now has an operating business in basketball training.
- Plans to franchise app to clubs and recruit NBA/NCAA influencers for revenue-sharing programs.
- No financial statements provided; references prior 10-K and 10-Q filings for financial information.

## SEC filing metadata
- accession: 0001477932-23-001149
- form_type: 8-K
- ticker: HSCT
- cik: 0001721056
- company_name: HOOPS SCOUTING USA
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 5.06, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1721056/000147793223001149/0001477932-23-001149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1721056/000147793223001149/hosu_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-001149
- JSON: https://secwatch.observer/filing/0001477932-23-001149.json
- Plain text: https://secwatch.observer/filing/0001477932-23-001149.txt

## Key facts
- Governance Changes
  HOOPS SCOUTING USA: Company ceased to be a shell company upon entering into an asset purchase agreement and providing Form 10 information by incorporation by reference (effective 2023-02-17).
  - Change: shell status
  - Effective: 2023-02-17
  source text: Item 5.06 of Form 8-K states that if the registrant was a shell company before transactions changing the status of a shell company, then the registrant must disclose the information that would be required if the registrant were filing a general form for registration of securities on Form 10.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1721056/000147793223001149/0001477932-23-001149-index.htm

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