secwatch.observer — SEC 8-K summary
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Issuer:     Cosmos Group Holdings Inc. (COSG)
CIK:        0001706509
Form:       8-K
Filed at:   2021-09-17T23:59:59+00:00
Accession:  0001640334-21-002230
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cosmos Group completes acquisition of Massive Treasure; issues 1.08B shares for 100% ownership
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- Issued 1,078,269,470 shares for 100% of Massive Treasure; director Herbert Lee owns 95% of Massive Treasure.
- Massive Treasure had previously acquired 9 entities in May 2021; remaining 3 entities pending with 55.6M additional shares.
- Chan Man Chung acquired 66.77% of COSG for $420K in June 2021, became CEO/CFO/Secretary; former CEO Miky Wan resigned.
- Company now operates two segments: physical arts/collectibles via Coinllectibles and money lending via 9 Hong Kong subsidiaries.
- Earn-out shares tied to financial milestones with clawback provisions for E-on, 8M, and seven other entities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706509/000164033421002230/0001640334-21-002230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706509/000164033421002230/cosg_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-21-002230

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