Hubilu Venture Corp (HBUV): M&A transaction — Hubilu Venture buys 4% stake in Gula for $32,940, with option to acquire additional 13%

Hubilu Venture Corp

Acquired 4% non-diluted ownership in Gula (Gula World, Gula Health, Gaya Ventures) for $32,940.
Hubilu may invest up to $140,000 by Dec 2024 for up to 17% ownership; additional investments scheduled monthly from Aug 2024.
Will receive 50% of sales from 'Gift a Friend' referral link, net of costs, or may elect stock equivalent with voting rights.
Initial 4% stake carries no voting rights; any stock elected under revenue share option would include voting rights.

item 1.01 item 2.01

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

Hubilu Venture Corp completed an acquisition involving Gula for $32,940 (closed 2024-07-02).

Action: acquisition
Counterparty: Gula
Consideration: $32,940
Closing: 2024-07-02

Exact text from the filing

July 2, 2024, Hubilu closed on the acquisition and revenue share Agreement with Gula. The acquisition was for investment of Thirty-Two Thousand, Nine Hundred and Forty Dollars ($32,940.00) into Gula for a Four (4%) percent Non-Diluted Ownership Interest (“NDOI”) in Gula. Also included are any and all assets and axillary products and companies that are owned,

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Source: SEC EDGAR

accession 0001493152-24-026558

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