Arculus System Co., Ltd.: M&A transaction — Change in control: 74% stake acquired by Taiwan investors; new CEO appointed

Arculus System Co., Ltd.

Hanna Selyska sold 3M shares to five Taiwanese investors, who now hold ~74% of outstanding common stock.
Selyska resigned as sole officer/director; Jian-Meng Yang appointed CEO, Treasurer, Secretary, and Director.
Yang previously served as General Manager of MicroIP Corp. in Taiwan; holds PhD in Electrical/Computer Engineering from NYU.
Company address changed from Prague, Czech Republic to Newport Beach, CA.

item 5.01 item 5.02 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jian-Meng Yang

Chief Executive Officer

Arculus System Co., Ltd.

Filed: February 22, 2024, 6:59 PM ET

Jian-Meng Yang was appointed as Chief Executive Officer, Treasurer and Secretary, and Director of the Company.

Departed

Hanna Selyska

Other Named Officer

Arculus System Co., Ltd.

Successor: Jian-Meng Yang
Filed: February 22, 2024, 6:59 PM ET

Hanna Selyska, resigned her positions with the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jian-Meng Yang was appointed as Chief Executive Officer at Arculus System Co., Ltd..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Jian-Meng Yang was appointed as Chief Executive Officer, Treasurer and Secretary, and Director of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Hanna Selyska resigned as other_named_officer at Arculus System Co., Ltd..

Action: resigned

Exact text from the filing

Hanna Selyska, resigned her positions with the Company.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Arculus System Co., Ltd. underwent a change of control involving Control Group (Lin Hsueh-Ching, Hsu Yu-Hsueh, Liu Pei-Ying, Yeh Yu-Ju and Yeh Hsin-Min) (closed 2024-02-15).

Action: change of control
Counterparty: Control Group (Lin Hsueh-Ching, Hsu Yu-Hsueh, Liu Pei-Ying, Yeh Yu-Ju and Yeh Hsin-Min)
Closing: 2024-02-15

Exact text from the filing

Effective February 15, 2024, Hanna Selyska, the previous majority shareholder of Azzurro Solutions Corp. (the “Company”), entered into a stock purchase agreement for the sale of 3,000,000 shares of Common Stock of the Company to five accredited investors, Lin Hsueh-Ching, Hsu Yu-Hsueh, Liu Pei-Ying, Yeh Yu-Ju and Yeh Hsin-Min, each of whom is a citizen of Taiwan (the “Control Group”).

View on SEC.gov

21 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Source: SEC EDGAR

accession 0001477932-24-000858

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