HIMALAYA TECHNOLOGIES, INC: M&A transaction — Himalaya Technologies sells minority Ranken Energy stake to former CEO for $112K

HIMALAYA TECHNOLOGIES, INC

Sale price $112,000 paid via settlement of accrued compensation owed to former CEO David St. James.
Assets: working interest in Bunch #1-17 oil well (Oklahoma), described as fully depleted and non-core.
Himalaya focusing growth on health and wellness; energy assets considered immaterial.
Transaction closed November 8, 2022; power of attorney granted to facilitate transfer.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

HIMALAYA TECHNOLOGIES, INC completed a disposition involving David St. James for $112,000 (closed 2022-11-07).

Action: disposition
Counterparty: David St. James
Consideration: $112,000
Closing: 2022-11-07

Exact text from the filing

On November 7, 2022, we agreed to divest our minority investment in Ranken Energy Corporation to our former CEO David St. James for $112,000.

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Source: SEC EDGAR

accession 0001493152-22-031022

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