8-K
filed August 23, 2023, 7:59 PM ET
ticker DLTI
CIK 0001420368
other material
confidence high
sentiment neutral
materiality 0.55
DLT Resolution Inc. (DLTI): M&A transaction — DLT Resolution sells two units for $1 each, raises $307K in private placements, appoints new CEO Drew Reid
DLT Resolution Inc.
- Sold Union Strategies Inc. and DLT Data Services Ltd. for $1 each; full releases obtained on all claims.
- Raised $246,950 via 4.1M shares at $0.06 in Q1 2023; another $60,000 via 240K shares at $0.25 in July.
- Converted CAD $100K ($73K) debt into 292K shares at $0.25 per share in August 2023.
- Drew Reid appointed director, President, CEO, Secretary, Treasurer, CFO on Aug 16, 2023, replacing John Wilkes.
- Reid (55) with 34-year finance background; projected compensation $60K for 50% time.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Wilkes resigned as Officer and Director at DLT Resolution Inc..
- Action
- resigned
- Role
- Officer and Director
Exact text from the filing
John Wilkes resigned as officers and directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Drew Reid was appointed as director at DLT Resolution Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
On August 16, 2023 Drew Reid was appointed director of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Drew Reid was appointed as President, Chief Executive Officer, Secretary, Treasurer and Chief Financial Officer at DLT Resolution Inc..
- Action
- appointed
- Role
- President, Chief Executive Officer, Secretary, Treasurer and Chief Financial Officer
Exact text from the filing
Mr. Reid was then appointed as the Company's President and Chief Executive Officer and appointed as the Company's Secretary, Treasurer and Chief Financial Officer.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
DLT Resolution Inc. completed a disposition involving Union Strategies Inc. for $1.00 (closed 2023-03-31).
- Action
- disposition
- Counterparty
- Union Strategies Inc.
- Consideration
- $1.00
- Closing
- 2023-03-31
Exact text from the filing
On March 31, 2023 DLT Resolution Inc. (“The Company”) sold its 100% equity in Union Strategies Inc. for $1.00.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
DLT Resolution Inc. completed a disposition involving DLT Data Services Ltd. for $1 (closed 2023-03-31).
- Action
- disposition
- Counterparty
- DLT Data Services Ltd.
- Consideration
- $1
- Closing
- 2023-03-31
Exact text from the filing
On March 31, 2023 DLT Resolution Inc. (“The Company”) sold its 100% equity in DLT Data Services Ltd. for $1.
View on SEC.gov
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