secwatch.observer — SEC 8-K summary
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Issuer:     Yale Transaction Finders, Inc. (YTFD)
CIK:        0001311673
Form:       8-K
Filed at:   2022-03-23T23:59:59+00:00
Accession:  0001493152-22-007548
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 5.02, 5.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yacht Finders changes control: 98.5% of shares acquired; CEO/director resigns, new management appointed
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- Investor group buys 5,120,000 shares (98.5% of outstanding) from Fountainhead Capital for $352,641 cash.
- Sole director/CEO Thomas W. Colligan resigns; Jonathan J. Ledecky becomes CEO/CFO and sole director after 10-day waiting period.
- Arnold P. Kling appointed President, Treasurer, Secretary; Ledecky and Kling get indemnification agreements.
- Fountainhead contributes $832,305 promissory note plus $348,158 accrued interest to capital for no consideration.
- Company remains a shell and will continue seeking an acquisition target.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1311673/000149315222007548/0001493152-22-007548-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1311673/000149315222007548/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-007548

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