---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-23-000910"
form_type: "8-K"
ticker: "MYCB"
cik: "0001556801"
company_name: "My City Builders, Inc."
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:39:48.365911+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# My City Builders forms real estate LLC, owns 98% initial stake, with two individual members

## Summary
- Subsidiary RAC contributed $98 for 98% interest; Gillen and Colvard each contributed $1 for 1%.
- LLC named RAC Gadsden, LLC, formed in Alabama for property purchase, improvement, and sale.
- Additional capital calls require majority vote; members contribute pro rata per ownership.
- Profits and losses allocated according to membership interest ratios.

## SEC filing metadata
- accession: 0001640334-23-000910
- form_type: 8-K
- ticker: MYCB
- cik: 0001556801
- company_name: My City Builders, Inc.
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1556801/000164033423000910/0001640334-23-000910-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1556801/000164033423000910/jrvs_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-23-000910
- JSON: https://secwatch.observer/filing/0001640334-23-000910.json
- Plain text: https://secwatch.observer/filing/0001640334-23-000910.txt

## Key facts
- Material Agreements
  My City Builders, Inc. entered into Limited Liability Company Agreement with Frank Gillen and Michael Colvard (effective 2023-03-27).
  - Action: entry
  - Counterparty: Frank Gillen and Michael Colvard
  - Effective: 2023-03-27
  source text: On March 27, 2023, RAC Real Estate Acquisition Corp., a wholly owned subsidiary of My City Builders, Inc., (“ RAC ”) entered into a Limited Liability Company Agreement dated effective March 27, 2023, (the “ Agreement ”) with, Frank Gillen, an individual (“ Mr. Gillen ”) and Michael Colvard, an individual (“ Mr. Colvard ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1556801/000164033423000910/0001640334-23-000910-index.htm

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