8-K
filed March 31, 2023, 7:59 PM ET
ticker MMCP
CIK 0001879293
M&A
confidence high
sentiment neutral
materiality 0.75
Mag Mile Capital, Inc. (MMCP): auditor change — Myson completes reverse merger with Mag Mile Capital; Mag Mile shareholders own 88% of combined company
Mag Mile Capital, Inc.
- Mag Mile Capital merged into Myson; Mag Mile shareholders now own 87,424,424 shares (88% of 99,345,935 outstanding).
- Rushi Shah appointed Chairman, President, CEO, Secretary, Treasurer; prior sole officer/director resigned.
- Myson issued warrant for 5,000,000 shares at $0.50, exercisable through Dec 31, 2024, with anti-dilution provisions.
- Myson must effect 1:10 reverse split within 45 days and file S-1 to increase float for OTC listing.
- Myson was a shell company; now assumes Mag Mile Capital's commercial mortgage banking business.
Key facts
Extracted from this filing and checked against the source text.
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
Mag Mile Capital, Inc. dismissed BF Borgers CPA PC as its auditor.
- Action
- dismissal
- Auditor
- BF Borgers CPA PC
- Successor
- Olayinka Oyebola & Co.
Exact text from the filing
BF Borgers, the Company’s independent registered public accounting firm prior to the Merger, was informed that it would be replaced by OO & Co as the Company’s independent registered public accounting firm.
View on SEC.gov
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
Mag Mile Capital, Inc. engaged Olayinka Oyebola & Co. as its auditor.
- Action
- engagement
- Auditor
- Olayinka Oyebola & Co.
Exact text from the filing
On March 11, 2023, the Board approved the engagement of Olayinka Oyebola & Co. ("OO & Co") as the Company’s independent registered public accounting firm to audit the Company’s consolidated financial statements for the year ending December 31, 2023.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Mag Mile Capital, Inc.: Company ceased to be a shell company as a result of the merger.
- Change
- shell status
Exact text from the filing
As a result of the Merger, the Company ceased to be a shell company (as defined in Rule 12b-2 of the Exchange Act) as of the Closing.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Mag Mile Capital, Inc. underwent a change of control involving Megamile Capital, Inc. d/b/a Mag Mile Capital f/k/a CSF Capital LLC (closed 2023-03-30).
- Action
- change of control
- Counterparty
- Megamile Capital, Inc. d/b/a Mag Mile Capital f/k/a CSF Capital LLC
- Closing
- 2023-03-30
Exact text from the filing
On March 30, 2023, the registrant, Myson, Inc. (“Myson” or the “Company”), entered into a Reorganization Agreement (the “Reorganization Agreement”) with Megamile Capital, Inc. d/b/a Mag Mile Capital f/k/a CSF Capital LLC (“Mag Mile Capital”) under which Mag Mile Capital was merged with and into Myson following the satisfaction of several closing conditions, including satisfactory completion of due diligence reviews by each party to the Reorganization Agreement, Mag Mile Capital providing Myson with the most recent two years of audited financial statements by a PCAOB auditor and Myson not having any debt or contingent liabilities of any kind at the time of the closing of the merger between Myson and Mag Mile Capital (the “Closing”). The Closing occurred on March 30, 2023. With the closing of the Reorganization Agreement, the sole member of the Myson Board of Directors and its officer resigned and Rushi Shah, President and CEO of Mag Mile Capital, assumed the positions of Chairman of the
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Mag Mile Capital, Inc. entered into Reorganization Agreement with Megamile Capital, Inc. d/b/a Mag Mile Capital f/k/a CSF Capital LLC (effective 2023-03-30).
- Action
- entry
- Agreement
- merger
- Counterparty
- Megamile Capital, Inc. d/b/a Mag Mile Capital f/k/a CSF Capital LLC
- Effective
- 2023-03-30
Exact text from the filing
On March 30, 2023, the registrant, Myson, Inc. (“Myson” or the “Company”), entered into a Reorganization Agreement (the “Reorganization Agreement”) with Megamile Capital, Inc. d/b/a Mag Mile Capital f/k/a CSF Capital LLC (“Mag Mile Capital”) under which Mag Mile Capital was merged with and into Myson
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.