secwatch.observer — SEC 8-K summary
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Issuer:     My City Builders, Inc. (MYCB)
CIK:        0001556801
Form:       8-K
Filed at:   2025-10-31T23:59:59+00:00
Accession:  0001640334-25-001932
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.01, 2.03, 5.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556801/000164033425001932/0001640334-25-001932-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556801/000164033425001932/jrvs_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-25-001932

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