8-K
filed May 3, 2024, 7:59 PM ET
ticker HSTC
CIK 0000797564
other material
confidence high
sentiment neutral
materiality 0.85
HST Global, Inc. (HSTC): M&A transaction — HST Global undergoes change of control; new management and reverse stock split
HST Global, Inc.
- Effective April 26, 2024, HST Global entered reorganization: new owners HPAF and HGHI received 95% of shares (39,582,120 combined).
- Ron Howell resigned as sole officer/director; Mike Field and Jason Murphy appointed as directors, President/Acting CFO and VP/Secretary respectively.
- Former majority shareholder Ron Howell canceled $624,808 in debt obligations as part of the transaction.
- Company will effect a 1-for-10 reverse stock split pending FINRA approval.
- New primary business focus on Healthcare, Software, and Transportation sectors.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mike Field was appointed as Director at HST Global, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective April 26, 2024 HSTC announced the appointment of Mike Field and Jason Murphy as Directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Murphy was appointed as Vice President and Secretary at HST Global, Inc..
- Action
- appointed
- Role
- Vice President and Secretary
Exact text from the filing
the Directors appointed Mike Field as President and Acting CFO and Jason Murphy Vice President and Secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Murphy was appointed as Director at HST Global, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective April 26, 2024 HSTC announced the appointment of Mike Field and Jason Murphy as Directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mike Field was appointed as President and Acting CFO at HST Global, Inc..
- Action
- appointed
- Role
- President and Acting CFO
Exact text from the filing
the Directors appointed Mike Field as President and Acting CFO and Jason Murphy Vice President and Secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ron Howell resigned as Sole Officer and Director at HST Global, Inc..
- Action
- resigned
- Role
- Sole Officer and Director
Exact text from the filing
Effective April 26, 2024, HSTC accepted the resignation of Ron Howell as sole Officer and Director of the Company.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
HST Global, Inc.: 1-for-10 reverse stock split of common stock filed with Nevada Secretary of State (effective 2024-05-02).
- Change
- charter amendment
- Effective
- 2024-05-02
Exact text from the filing
pursuant to an amendment filed with the Nevada Secretary of State on May 2, 2024, the Company will undertake a 1 for 10 reverse stock split of the Company’s outstanding common stock upon approval by FINRA.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
HST Global, Inc. underwent a change of control involving HP Auto Fund LLP and HST Global Holdings, LLC (closed 2024-04-26).
- Action
- change of control
- Counterparty
- HP Auto Fund LLP and HST Global Holdings, LLC
- Closing
- 2024-04-26
Exact text from the filing
Effective April 26, 2024, the parties closed the Reorganization Agreement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HST Global, Inc. entered into Reorganization and Stock Purchase Agreement with HP Auto Fund LLP ("HPAF"), HST Global Holdings, LLC ("HGHI"), Ron Howell ("Howell") and The Health Network, Inc. ("Health Network") (effective 2024-04-24).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- HP Auto Fund LLP ("HPAF"), HST Global Holdings, LLC ("HGHI"), Ron Howell ("Howell") and The Health Network, Inc. ("Health Network")
- Effective
- 2024-04-24
Exact text from the filing
On April 24, 2024, HST Global, Inc., a Nevada Corporation (“HSTC”) entered into a Reorganization and Stock Purchase Agreement (the “Reorganization Agreement”) by and among HP Auto Fund LLP (“HPAF”), HST Global Holdings, LLC (“HGHI”), HST Global, Inc. (“HSTC”), Ron Howell (“Howell”) and The Health Network, Inc. (“Health Network”).
View on SEC.gov
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