Indo Global Exchange(s) Pte, Ltd.: M&A transaction — Company reports change in control and agreement to acquire 49% of St. Andrews Holding for $12M

Indo Global Exchange(s) Pte, Ltd.

On July 1, 2023, control block of preferred shares sold to Instituto Europeo para el Emprendimiento S.L., a Spanish LLC.
Sergio Bellosta Suarez resigned as CEO/director; Antonio Sainz Millan appointed sole director and CEO.
On Oct 23, 2023, entered exclusive agreement to acquire 49% of St. Andrews Holding for $12M, due diligence by Dec 31, 2023.
St. Andrews is a holding company in sustainable aquaculture and fish industry, valued at $32M by independent appraiser.
Change of control application approved by OTC Markets on Oct 12, 2023.

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

Indo Global Exchange(s) Pte, Ltd. underwent a change of control involving Instituto Europeo para el Emprendimiento S.L. (closed 2023-07-01).

Action: change of control
Counterparty: Instituto Europeo para el Emprendimiento S.L.
Closing: 2023-07-01

Exact text from the filing

On July 1, 2023, the Igex’s Board of Directors accepted the execution of a Stock Purchase Agreement dated June 14, 2023, pursuant to which the former Preferred shareholder sold all the Preferred shares (Control Block) to Instituto Europeo para el Emprendimeinto S.L., a Spanish Limited Liability Company.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Indo Global Exchange(s) Pte, Ltd. entered into Confidential and Exclusive Agreement with St. Andrews Holding Company valued at twelve-million Dollars (effective 2023-10-23).

Action: entry
Counterparty: St. Andrews Holding Company
Value: twelve-million Dollars
Effective: 2023-10-23

Exact text from the filing

The Company entered into a Confidential and Exclusive Agreement on October 23, 2023, for the acquisition of 49% of the total outstanding capital stock of St. Andrews Holding Company for twelve-million Dollars.

View on SEC.gov

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Source: SEC EDGAR

accession 0001493152-23-042045

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