secwatch.observer — SEC 8-K summary
======================================

Issuer:     ARVANA INC (AVNI)
CIK:        0001113313
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0001607062-23-000065
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 5.06, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arvana completes acquisition of Down2Fish Charters for $50k cash and $700k note, ceases to be shell company
--------------------------------------------------------------------------------

- Acquired Down2Fish for $50,000 cash and $700,000 promissory note at 7.25% interest, payable in 24 months.
- Down2Fish operates fishing charters from Palmetto, Florida; net loss $66,726 for nine months ended Sep 30, 2022.
- Arvana is no longer a shell company following the acquisition.
- Down2Fish has limited revenue and operating deficits, raising substantial doubt about its ability to continue as a going concern.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113313/000160706223000065/0001607062-23-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113313/000160706223000065/avni020323form8k.htm
  HTML page:      https://secwatch.observer/filing/0001607062-23-000065

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