secwatch.observer — SEC 8-K summary
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Issuer:     HST Global, Inc. (HSTC)
CIK:        0000797564
Form:       8-K
Filed at:   2025-03-20T23:59:59+00:00
Accession:  0001674796-25-000001
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HST Global acquires Qwyit LLC for 10M shares plus options for up to 10M more
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- Acquired Qwyit LLC, holder of QFone secured video app and OpenVPN with Qwyit encryption IP.
- Purchase price: 10,000,000 restricted shares issued plus options for up to 5,000,000 shares for sellers.
- Sellers granted additional option for 5,000,000 shares for 400 consulting hours over 18 months.
- Options exercisable at greater of $0.73 or closing price on March 13, 2025.
- Transaction closed March 13, 2025; shares issued under Item 3.02 exemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797564/000167479625000001/0001674796-25-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797564/000167479625000001/hstcform8-kqwyitacquisitionm.htm
  HTML page:      https://secwatch.observer/filing/0001674796-25-000001

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer