secwatch.observer — SEC 8-K summary
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Issuer:     Cosmos Group Holdings Inc. (COSG)
CIK:        0001706509
Form:       8-K
Filed at:   2022-12-20T23:59:59+00:00
Accession:  0001683168-22-008535
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cosmos settles dispute with controlling shareholder, to issue 400M shares and transfer Coinllectibles units
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- Settlement of 800M unissued shares; Company will issue 400M shares at $0.001 each to former director/controlling shareholder Dr. Lee.
- Company transfers assets/liabilities of three Coinllectibles entities (Disposal Group) to Dr. Lee.
- Company retains trade name but loses secondary-market transaction fee income on blockchain sales.
- Parties anticipate continued partnership for DOT minting/sales with agency fees.
- Full releases and indemnification for Dr. Lee; Company advances legal expenses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706509/000168316822008535/0001683168-22-008535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706509/000168316822008535/cosmos_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-008535

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