---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-21-002903"
form_type: "8-K"
ticker: "MYCB"
cik: "0001556801"
company_name: "My City Builders, Inc."
filed_at: "2021-11-18T23:59:59+00:00"
generated_at: "2026-06-28T06:59:01.486620+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# iMine CEO settles $643,782 debt with shares, gains 47.2% control

## Summary
- CEO Romero converted $643,782 debt (incl. $143,782 interest) into 32,189,100 shares at $0.02/sh.
- Board also authorized 3,000,000 compensation shares to Romero under 2019 employment agreement.
- Romero now owns 35,189,100 shares (47.2% of outstanding), giving him voting control.
- Prior control held by former CEO Ulansky with ~11.9% ownership; no arrangements between them.
- Shares issued under Section 4(a)(2) and Rule 506(b) exemption; no underwriting discounts paid.

## SEC filing metadata
- accession: 0001640334-21-002903
- form_type: 8-K
- ticker: MYCB
- cik: 0001556801
- company_name: My City Builders, Inc.
- filed_at: 2021-11-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 5.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1556801/000164033421002903/0001640334-21-002903-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1556801/000164033421002903/jrvs_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-21-002903
- JSON: https://secwatch.observer/filing/0001640334-21-002903.json
- Plain text: https://secwatch.observer/filing/0001640334-21-002903.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.