secwatch.observer — SEC 8-K summary
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Issuer:     Indo Global Exchange(s) Pte, Ltd. (—)
CIK:        0001442853
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0001493152-24-010642
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

IGEX acquires 25% stake in St. Andrews Holding for $6M, 12-month payment period
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- Acquired 25% membership stake in St. Andrews Holding S.L. valued at ~$8.16M for a discounted $6M.
- Payment terms: 12 months to pay preferred investor's contribution without interest; signed March 18, 2024.
- St. Andrews focuses on sustainable marine aquaculture, fingerlings, and gourmet products with 50+ years experience.
- Prior exclusive Oct 2023 agreement for 49% stake at $16M valuation by appraiser RESA CORPORATE FINANCE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1442853/000149315224010642/0001493152-24-010642-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1442853/000149315224010642/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010642

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer