My City Builders acquires 4-acre Alabama land from majority owner via $350K note, exits shell status

My City Builders, Inc.

Acquired 4 acres in Glencoe, AL for a secured promissory note of $350K at 9.5% interest, 3-year term due Oct 30, 2028.
Plans 25 multi-family units in three phases, starting with an 8-unit duplex; default if construction not begun within one year.
Seller RAC Gadsden is wholly owned by RAC Real Estate Acquisition Corp, which holds 98.5% of My City Builders (related party).
Company states it is no longer a shell company after this transaction.

item 1.01 item 2.01 item 2.03 item 5.06 item 9.01

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form_type: 8-K
ticker: MYCB
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company_name: My City Builders, Inc.
filed_at: 2025-10-31T23:59:59+00:00
discovered_at: 2026-05-14T18:02:39.730518+00:00
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Source: SEC EDGAR

accession 0001640334-25-001932

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