8-K
filed November 28, 2022, 6:59 PM ET
ticker EEGI
CIK 0001043150
other material
confidence high
sentiment neutral
materiality 0.75
Eline Entertainment Group, Inc. (EEGI): M&A transaction — Eline Entertainment Group changes control; new CEO, board appointed after stock sale
Eline Entertainment Group, Inc.
- Chi Ching Hung acquired majority control via 1 Convertible Series D Preferred Stock and 250M common shares for $250,000.
- Rhonda Keaveney resigned as sole officer and director; not due to any disagreement.
- New officers: Chi Ching Hung (Chairwoman), Chi Wai Woo (President, CEO, CFO, Director), Timothy Chee-Yau Lam (Secretary).
- Company disclosed a fake Twitter account posting misleading information; reported to authorities.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chi Wai Woo was elected as President, Chief Executive Officer, Treasurer, Chief Financial Officer and Director at Eline Entertainment Group, Inc..
- Action
- elected
- Role
- President, Chief Executive Officer, Treasurer, Chief Financial Officer and Director
Exact text from the filing
Chi Wai Woo as its President, CEO, Treasurer, CFO and Director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy Chee-Yau Lam was elected as Secretary at Eline Entertainment Group, Inc..
- Action
- elected
- Role
- Secretary
Exact text from the filing
Timothy Chee-Yau Lam as its Secretary
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rhonda Keaveney resigned as Sole Officer and Director at Eline Entertainment Group, Inc..
- Action
- resigned
- Role
- Sole Officer and Director
Exact text from the filing
the Company accepted the resignation of Rhonda Keaveney as the sole Officer of the Company and as the sole member of the Company’s Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chi Ching Hung was elected as Chairwoman and Director at Eline Entertainment Group, Inc..
- Action
- elected
- Role
- Chairwoman and Director
Exact text from the filing
Chi Ching Hung as its Chairwoman and Director
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Eline Entertainment Group, Inc. underwent a change of control involving Chi Ching Hung for $250,000 (closed 2022-11-25).
- Action
- change of control
- Counterparty
- Chi Ching Hung
- Consideration
- $250,000
- Closing
- 2022-11-25
Exact text from the filing
control block of stock, 1 Convertible Series D Preferred Stock to Chi Ching Hung and the Company issued 250,000,000 shares of Restricted Common Stock for the purchase price of $250,000 (See Exhibit 10.2) rol block of stock, 1 Convertible Series D Preferred Stock to Chi Ching Hung and the Company issued 250,000,000 shares of Restricted Common Stock for the
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Eline Entertainment Group, Inc. entered into Stock Purchase Agreement with Chi Ching Hung valued at $250,000 (effective 2022-11-07).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Chi Ching Hung
- Value
- $250,000
- Effective
- 2022-11-07
Exact text from the filing
On November 7, 2022, the registrant’s majority shareholder, Small Cap Compliance, LLC, entered into a Stock Purchase Agreement (the “Agreement”) with Chi Ching Hung. As per the terms of the Agreement, Small Cap Compliance, LLC sold its control block of stock, 1 Convertible Series D Preferred Stock to Chi Ching Hung and the Company issued 250,000,000 shares of Restricted Common Stock for the purchase price of $250,000 (See Exhibit 10.2)
View on SEC.gov
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.