secwatch.observer — SEC 8-K summary
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Issuer:     NFiniTi inc. (—)
CIK:        0001544400
Form:       8-K
Filed at:   2025-05-23T23:59:59+00:00
Accession:  0001477932-25-004166
Event type: m_and_a
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.01, 3.02, 5.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NFiniTi subsidiary acquires CyberSyn crypto exchange; issues $500K convertible note with 50% OID
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- NFiniTi 1 Inc. acquired all membership interests of CyberSyn LLC, a pre-revenue centralized crypto exchange for U.S. market.
- CyberSyn members received 90% of NFiniTi 1 equity; parent NFiniTi retains 10%.
- Parent issued $500K convertible note with 50% OID ($250K funding), 15% interest, matures May 2027.
- Note converts at 25% discount to lowest 30-day VWAP, subject to 4.99% beneficial ownership cap.
- NFiniTi ceased being a shell company in Feb 2025 after reverse acquisition of Artisan Beverages; now diversifying into fintech.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1544400/000147793225004166/0001477932-25-004166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1544400/000147793225004166/nftn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-004166

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer