LZG INTERNATIONAL, INC.: M&A transaction — LZG International (FatBrain AI) acquires UK forecasting firm Predictive Black Ltd for stock and cash

LZG INTERNATIONAL, INC.

Acquired all shares of Predictive Black Ltd, a UK-based AI forecasting platform for SMEs.
Consideration consists of LZGI stock and cash; portion deferred; no dollar amount disclosed.
Predictive Black is regulated by the UK Financial Conduct Authority and part of the Open Banking ecosystem.
Platform provides real-time cash management and revenue forecasts targeting the $135B+ open banking market.

item 1.01 item 2.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

LZG INTERNATIONAL, INC. completed an acquisition involving Shareholders of Predictive Black Ltd (closed 2022-11-14).

Action: acquisition
Counterparty: Shareholders of Predictive Black Ltd
Closing: 2022-11-14

Exact text from the filing

Pursuant to the Share Purchase Agreement, LZG has acquired, through its subsidiary FatBrain Acquisition, all the outstanding equity interests in PB Ltd from the Sellers, thereby becoming indirect owner of all of its assets and liabilities.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LZG INTERNATIONAL, INC. entered into Share Purchase Agreement with shareholders of Predictive Black Ltd (effective 2022-11-14).

Action: entry
Agreement: asset purchase
Counterparty: shareholders of Predictive Black Ltd
Effective: 2022-11-14

Exact text from the filing

LZG International, Inc. (“LZG” or “the Company”) and its wholly owned subsidiary, FatBrain Acquisition Company Limited, a limited company registered in England and Wales with registration number 14295074 (“FatBrain Acquisition”) have entered into a Share Purchase Agreement (“Share Purchase Agreement”), dated as of November 14, 2022, with the shareholders of Predictive Black Ltd (together “Sellers”), to acquire all outstanding shares of Predictive Black Ltd, a United Kingdom limited company (“PB Ltd”).

View on SEC.gov

Browse all m&a transactions →

Source: SEC EDGAR

accession 0001654954-22-015468

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.