secwatch.observer — SEC 8-K summary
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Issuer:     Webstar Technology Group Inc. (WBSR)
CIK:        0001645155
Form:       8-K
Filed at:   2024-06-26T23:59:59+00:00
Accession:  0001493152-24-025207
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Webstar Technology Group undergoes change in control; new CEO and board; eliminates $3.2M debt
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- Purchasers acquire all Series A Preferred Stock from Frank Perone Irrevocable Trust, resulting in change of control.
- New board: Chairman/CEO Ricardo Haynes; President Eric Collins; COO Lance Lehr; CFO Adrienne Anderson (transitional).
- Agreement with Webnet Technologies eliminates $3,237,660 in debt in exchange for software licenses.
- Acquisition of Bear Village assets from Thunder Energies, including XXXX RORA Prime cryptocurrency.
- ECO to issue 201,057,278 common shares to Webstar shareholders for contract acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/0001493152-24-025207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1645155/000149315224025207/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-025207

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