other material
confidence high
sentiment neutral
materiality 0.80
Alki David acquires voting control of Arvana Inc. with 57.05% of shares; $15,000 consideration
ARVANA INC
- Alki David obtained proxies for 2,625,680 shares (57.05% of outstanding) from Altaf Nazerali and related entities.
- Change of control effective June 30, 2021; proxies valid for 14 months.
- Consideration was $15,000 remitted to the company for disclosure costs.
- Two new directors to be appointed; current directors' resignations pending on Schedule 14f-1 mailing.
- Change intended to secure an operating asset or business combination for the company.