STRATEGIC ACQUISITIONS INC /NV/ (STQN): M&A transaction — Strategic Acquisitions completes merger with Exworth Union, enters digital asset-backed lending

STRATEGIC ACQUISITIONS INC /NV/

Issued 3,960,000 shares of common stock to Exworth Union stockholders as merger consideration.
Exworth Union provides loans collateralized by digital assets; currently only Bitcoin accepted.
Merger accounted for as change in reporting entity under common control; Exworth Management owned 91% of Exworth Union before deal.
Company has going concern opinion; limited operating history and expects to continue incurring losses.
Business targets small businesses and individuals in Asia and Europe with term loans ranging $500K-$5M.

item 1.01 item 2.01 item 9.01 item 3.02 item 4.01 item 5.01 item 5.06

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

STRATEGIC ACQUISITIONS INC /NV/: Company determined it is no longer a shell company as a result of the merger transaction.

Change: shell status

Exact text from the filing

Item 5.06 Change in Shell Company Status We have determined that, as the result of the consummation of the transaction contemplated by the Merger Agreement as described above under

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

STRATEGIC ACQUISITIONS INC /NV/ completed an acquisition involving Exworth Management LLC and World Class Global Technology LLC (closed 2022-12-22).

Action: acquisition
Counterparty: Exworth Management LLC and World Class Global Technology LLC
Closing: 2022-12-22

Exact text from the filing

On December 22, 2022, we, Strategic Acquisitions, Inc. (“we”, “us” or the “Company”), and STQN Sub, Inc., our recently formed wholly owned subsidiary (“STQN Sub”) entered into and consummated an Agreement and Plan of Merger (“Merger Agreement”) with Exworth Union Inc (“Exworth Union”) and the owners of all of its outstanding shares of capital stock — Exworth Management LLC (“Exworth Management”) and World Class Global Technology LLC (“World Class,” collectively with Exworth Management, the “Stockholders”).

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32 governance changes filed in the last 30 days. Browse all governance changes →

STRATEGIC ACQUISITIONS INC /NV/ filing history →

Source: SEC EDGAR

accession 0001493152-22-036399

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