8-K
filed January 24, 2023, 6:59 PM ET
CIK 0001673431
M&A
confidence high
sentiment neutral
materiality 0.80
South East Asia Development, Corp.: M&A transaction — IA Energy Corp. announces change of control: JJ C. Javier acquires 70.9% of outstanding shares for $300,000
South East Asia Development, Corp.
- John R. Munoz sold 25,943,800 shares (70.877% of issued shares) to JJ C. Javier for $300,000.
- Javier appointed sole director, President, Secretary, and CFO effective January 18, 2023.
- Related party loans and accounts payable of $280,300 owed to Munoz were forgiven at closing.
- Company had been a shell with no operations; delinquent SEC reports have been filed and Wyoming good standing restored.
- Company intends to seek merger or acquisition target; no current business activities.
Key facts
Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
South East Asia Development, Corp. underwent a change of control involving JJ C. Javier for $300,000 (USD).
- Action
- change of control
- Counterparty
- JJ C. Javier
- Consideration
- $300,000 (USD)
Exact text from the filing
68.37 % of the total shares issued and outstanding (“Change of Control”). The purchase price (“Purchase Price”) for the Control Shares was Three Hundred Thousand Dollars ($300,000) (USD). At the time of execution of the Agreement, the Company was a non-trading, reporting company and was delinquent in the filing of the following periodic reports (the “
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
South East Asia Development, Corp. entered into Stock Purchase Agreement with John R. Munoz and JJ C. Javier valued at $300,000 (effective 2022-11-14).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- John R. Munoz and JJ C. Javier
- Value
- $300,000
- Effective
- 2022-11-14
Exact text from the filing
IA Energy Corp., (“ Company ” or “IA Energy”), John R. Munoz (“ Seller ” or “Munoz”), and JJ C. Javier (“ Purchaser ” or “Javier”) entered into a Stock Purchase Agreement (“ Agreement ”) on November 14, 2022
View on SEC.gov
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