---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-22-001600"
form_type: "8-K"
ticker: "MYCB"
cik: "0001556801"
company_name: "My City Builders, Inc."
filed_at: "2022-07-28T23:59:59+00:00"
generated_at: "2026-06-24T07:31:05.218525+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# iMine subsidiary lends $672,960 at 12% secured by real estate, assigns half to third party

## Summary
- RAC Real Estate Acquisition Corp. issued $672,960 promissory note to Fix Pads Holdings, 12% interest, due July 1, 2023.
- Note secured by 7 properties valued at $1,121,600 (60% LTV) in VA, MS, FL, and AR.
- iMine funded $328,625.72; assigned 50% principal ($336,480) and half interest to investor Frank Campanaro.
- Net result: iMine acquired $336,480 secured note asset for $328,625.72 cash outflow.
- Partial assignment effective July 26, 2022; Maker acknowledged direct payment to assignee.

## SEC filing metadata
- accession: 0001640334-22-001600
- form_type: 8-K
- ticker: MYCB
- cik: 0001556801
- company_name: My City Builders, Inc.
- filed_at: 2022-07-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1556801/000164033422001600/0001640334-22-001600-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1556801/000164033422001600/jrvs_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-22-001600
- JSON: https://secwatch.observer/filing/0001640334-22-001600.json
- Plain text: https://secwatch.observer/filing/0001640334-22-001600.txt

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