AB International Group repurchases 45.2M shares for $112,935 from six shareholders

AI Era Corp.

Repurchase Agreements with six non-affiliate shareholders for 45,173,980 common shares at total price of $112,935.
Shares to be cancelled; payment funded from cash on hand.
Implied repurchase price per share is approximately $0.0025.

Key facts

Extracted from this filing and checked against the source text.

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

AI Era Corp. entered into Repurchase Agreements with six shareholders, all non-affiliates of the Company valued at $112,935 (effective 2024-01-26).

Action: entry
Agreement: equity purchase
Counterparty: six shareholders, all non-affiliates of the Company
Value: $112,935
Effective: 2024-01-26

Exact text from the filing

On January 26, 2024, AB International Group Corp. (the “Company”) entered into Repurchase Agreements with six shareholders, all non-affiliates of the Company, pursuant to which the Company agreed to repurchase shares of their Common Stock, $0.001 par value, amounting to 45,173,980 shares for cancellation. The price to be paid by the Company under the Repurchase Agreements is $112,935, which will be funded with cash on hand.

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Source: SEC EDGAR

accession 0001663577-24-000021

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