secwatch.observer — SEC 8-K summary
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Issuer:     BlueOne Card, Inc. (BCRD)
CIK:        0001496690
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001493152-24-009795
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

BlueOne Card enters five-year Master Program Manager Agreement with bank for prepaid card revenue-sharing
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- Board approved agreement dated Feb 27, 2024 with a third-party bank to manage prepaid card programs.
- Initial 5-year term, auto-renews for 2-year periods unless either party gives 180 days' notice.
- Bank compensated by net program revenues after costs; company pays one-time setup fee and card personalization costs.
- Bank may terminate at its sole discretion if company not operating in bank's best interests or program is no longer viable.
- Either party may terminate for material breach (30-day cure), regulatory direction, or bankruptcy (60-day stay).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1496690/000149315224009795/0001493152-24-009795-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1496690/000149315224009795/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-009795

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