---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-22-002196"
form_type: "8-K"
ticker: "MYCB"
cik: "0001556801"
company_name: "My City Builders, Inc."
filed_at: "2022-10-11T23:59:59+00:00"
generated_at: "2026-06-23T04:23:21.525178+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# iMine subsidiary forms JV with Fix Pads to develop 60 properties; commits up to $5.214M

## Summary
- RAC Real Estate Acquisition Corp., iMine's unit, and Fix Pads Holdings formed RAC FIXPADS II, LLC on Oct 4, 2022.
- Each member contributes $1,000 initial capital for 50% membership interest; Fix Pads to contribute 60 residential properties.
- RAC commits additional cash contributions up to $5,214,000 for property improvement and rehab.
- On sale of each property, RAC gets $13,000 plus average additional capital per property; balance to Fix Pads.
- Manager is Fix Pads; RAC has option to buy leased properties.

## SEC filing metadata
- accession: 0001640334-22-002196
- form_type: 8-K
- ticker: MYCB
- cik: 0001556801
- company_name: My City Builders, Inc.
- filed_at: 2022-10-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1556801/000164033422002196/0001640334-22-002196-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1556801/000164033422002196/jrvs_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-22-002196
- JSON: https://secwatch.observer/filing/0001640334-22-002196.json
- Plain text: https://secwatch.observer/filing/0001640334-22-002196.txt

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