secwatch.observer — SEC 8-K summary
======================================

Issuer:     Panamera Holdings Corp (PHCI)
CIK:        0001620749
Form:       8-K
Filed at:   2025-06-24T23:59:59+00:00
Accession:  0001640334-25-001057
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud

Panamera Holdings enters binding LOI with Rain Cage Carbon to license technology and issue $4.9M note
--------------------------------------------------------------------------------

- Signed binding LOI with Rain Cage Carbon on June 20, 2025 for licensing of Eden system and Knights Charge power system in U.S. and Mexico.
- License fee includes $4,900,000 promissory note (18-month maturity), 25% of net income, and 27,000,000 restricted common shares.
- Rights granted for deployment and commercialization in the United States and Mexico.
- Mutual intent to merge the two companies; 90-day exclusivity period to finalize definitive agreements.
- Initial payment intention of $500,000 by June 30, 2025, with quarterly payments of $650,000 starting October 1, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620749/000164033425001057/0001640334-25-001057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620749/000164033425001057/pnht_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-25-001057

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