secwatch.observer — SEC 8-K summary
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Issuer:     GIVEMEPOWER CORP (—)
CIK:        0001064722
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001493152-23-011259
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GiveMePower transfers Alpharidge Capital to Kid Castle in exchange for repurchase of preferred stock
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- On Dec 30, 2021, GiveMePower transferred 100% of Alpharidge Capital, LLC to Kid Castle Educational Corp. for repurchase of 1 million preferred shares (par $0.001) previously sold to Kid Castle.
- Entered into Securities Purchase Agreement to merge Alpharidge into Kid Castle, with Alpharidge surviving as a Kid Castle subsidiary.
- All assets and liabilities of Alpharidge will no longer be consolidated in GiveMePower financials; they will report under Kid Castle.
- Transaction is with a related party: Kid Castle is affiliated with CEO Frank Igwealor.
- Repurchased preferred stock will be cancelled immediately after receipt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1064722/000149315223011259/0001493152-23-011259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1064722/000149315223011259/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-011259

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