secwatch.observer — SEC 8-K summary
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Issuer:     ARVANA INC (AVNI)
CIK:        0001113313
Form:       8-K
Filed at:   2021-07-29T23:59:59+00:00
Accession:  0001607062-21-000240
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 3.02, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arvana Inc. reports change in control to Alkiviades David; issues 29.5M shares for debt settlement
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- Alkiviades David gains control of Arvana via proxies representing 91.13% of shares (31.1M shares), effective June 30, 2021.
- Board approves issuance of 29,537,848 restricted common shares to settle debts totaling $1,605,844.40 to 4 individuals and 5 entities.
- Carl Dawson and Mathew Bentley appointed directors effective July 24, 2021; Sir John Baring and Shawn Teigen resign same date.
- Debt forgiveness agreements with Zahir Dhanani and Topkapi International Investments forgive $369,888.01 in liabilities effective June 30, 2021.
- David remits $15,000 to Arvana for public disclosure costs as consideration for change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113313/000160706221000240/0001607062-21-000240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113313/000160706221000240/avni072821form8k.htm
  HTML page:      https://secwatch.observer/filing/0001607062-21-000240

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