Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Universal Gaming Corp: Company is no longer a shell company as a result of acquisition of assets (effective 2023-03-22).
- Change
- shell status
- Effective
- 2023-03-22
Exact text from the filing
As described in Item 1.01 above, effective March 22, 2023, the Company entered into an IP Contribution Agreement which resulted in the acquisition of material assets as of such date. Item 5.06 Change in Shell Company Status The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference. 2 As a result of the acquisition of the Acquired Assets pursuant to the IP Contribution Agreement, the Company is no longer a “shell company” as that term is defined in Rule 12b-2 of the Securities Exchange Act.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Universal Gaming Corp completed an acquisition involving Blue Circle Enterprises B.V. (closed 2023-03-22).
- Action
- acquisition
- Counterparty
- Blue Circle Enterprises B.V.
- Closing
- 2023-03-22
Exact text from the filing
As described in Item 1.01 above, effective March 22, 2023, the Company entered into an IP Contribution Agreement which resulted in the acquisition of material assets as of such date.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Universal Gaming Corp entered into IP Asset Contribution Agreement with Blue Circle Enterprises B.V. valued at Issuance of 240,000,000 shares of common stock valued at $0.001, with immediate issuance of approxim (effective 2023-03-24).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Blue Circle Enterprises B.V.
- Value
- Issuance of 240,000,000 shares of common stock valued at $0.001, with immediate issuance of approxim
- Effective
- 2023-03-24
Exact text from the filing
On March 24, 2023, The Company entered into an IP Asset Contribution Agreement (“IP Contribution Agreement”) with Blue Circle Enterprises B.V., a private limited liability company (the “Contributor”), to effect the acquisition of certain of the Contributor’s intellectual property assets, including patents pending, patents in preparation, proprietary technology, development plans, and contractual rights (the “Acquired Technology”).
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Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Universal Gaming Corp shareholders approved approving the filing of a Certificate of Amendment to its Amended Articles of Incorporation to increase the authorized shares of common stock from 200,000,000 to 500,000,000 at the 2023-03-24 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-03-24
Exact text from the filing
On March 24, 2023, the Company obtained written consent by the holder of the majority of the voting power of the Company's capital stock approving the filing of a Certificate of Amendment to its Amended Articles of Incorporation with the Secretary of State of the State of Nevada to increase the authorized shares of common stock from 200,000,000 to 500,000,000.
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