secwatch.observer — SEC 8-K summary
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Issuer:     My City Builders, Inc. (MYCB)
CIK:        0001556801
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001640334-23-000910
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556801/000164033423000910/0001640334-23-000910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556801/000164033423000910/jrvs_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-23-000910

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer