other material
confidence high
sentiment neutral
materiality 0.65
Awaysis Capital completes acquisition of Belize real estate for $11.4M
Awaysis Capital, Inc.
- Total consideration $11.4M settled with $2.6M demand mortgage (0%), $280K mortgage (paid Aug 2022), and 56.8M shares at $0.150/share.
- Acquired assets include a 9,100 sq ft building, beachfront parcels, and multiple residential units in San Pedro, Belize.
- Company plans to rebrand as an Awaysis property and commence sales and hospitality operations by November 1, 2022.
- This is the first acquisition in Belize as part of a strategy to build a network of residential enclave communities.
- Company is a development stage entity with no prior revenue from its new business model; risks include capital needs and execution delays.