secwatch.observer — SEC 8-K summary
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Issuer:     SEATech Ventures Corp. (SEAV)
CIK:        0001763660
Form:       8-K
Filed at:   2023-07-14T23:59:59+00:00
Accession:  0001493152-23-024544
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEATech Ventures acquires Just Supply Chain for $17.5M in stock
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- Acquires 100% of Just Supply Chain Ltd (JSCL), an online logistics booking platform in Malaysia.
- Consideration: 21,831,660 restricted shares at $0.80/sh, aggregate value $17,465,328 (MYR78M).
- Key employees (CEO, Sales & Marketing Dir, CFO) must remain for 2 years post-closing.
- Sellers warrant full PCAOB audit, sufficient working capital, and independent Crowe Advisory valuation.
- Shares held in escrow until closing; financials to be filed within 71 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1763660/000149315223024544/0001493152-23-024544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1763660/000149315223024544/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-024544

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