First America Resources reports change in shell company status after $100,500 cash infusion from President

First America Resources Corp

President Jian Li provided $100,500 cash infusion to develop real estate options for battery technologies.
Company asserts it has more than nominal operations with current assets of $102,577.40.
Instructed counsel to prepare acquisition contract for a 100,000 SF industrial facility in Cedartown, GA valued at $250,000.
Management sworn affidavit that company is not engaged in shell-avoidance scheme.
Company believes it no longer meets SEC definition of a shell company.

item 5.06

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

First America Resources Corp: 公司认为自己不再符合SEC对空壳公司的定义.

Change: shell status

Exact text from the filing

The company believes that it does not meet the SEC’s definition of a shell company.

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First America Resources Corp filing history →

Source: SEC EDGAR

accession 0001477932-23-001827

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