Panamera gets 6M shares voluntarily surrendered to treasury by two stockholders

Panamera Holdings Corp

Douglas Baker surrendered 1,670,000 shares; Curtis Summers surrendered 4,330,000 shares.
Shares surrendered effective Dec 15, 2022, to be held as treasury shares per NRS 78.283.
No consideration paid by the company for the surrendered shares.
Reduction in outstanding shares may increase EPS and relative ownership stakes.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Panamera Holdings Corp entered into Share Surrender Agreement with Douglas Baker and Curtis Summers (effective 2022-12-08).

Action: entry
Counterparty: Douglas Baker and Curtis Summers
Effective: 2022-12-08

Exact text from the filing

On December 8, 2022 Panamera Holdings Corporation (”Panamera” or the “Company”) executed a Share Surrender Agreement with both Douglas Baker and Curtis Summers (the Stockholders) whereby each voluntarily surrendered 1,670,000 and 4,330,000 shares of Company common stock respectively to the Company to be held as treasury shares pursuant to NRS 78.283.

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623 material agreements filed in the last 30 days. Browse all material agreements →

Panamera Holdings Corp filing history →

Source: SEC EDGAR

accession 0001640334-22-002673

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