secwatch.observer — SEC 8-K summary
======================================

Issuer:     Tianci International, Inc. (CIIT)
CIK:        0001557798
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0001683168-23-001303
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 5.06, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tianci International completes reverse acquisition of RQS United, exits shell status
--------------------------------------------------------------------------------

- Tianci acquired RQS United, which holds 90% of Roshing (software/hardware distributor), in a reverse acquisition.
- Tianci issued 1.5M shares and paid $350,000 to RQS Capital; also issued 700,000 shares to Roshing employees/affiliates.
- Tianci sold 1,253,333 shares at $0.30 each to 13 investors in a private placement, raising $376,000.
- As a result, Tianci is no longer a shell company; RQS United is the accounting acquirer.
- Roshing's business: electronic components, software development, consulting; 96% of FY2022 revenue from five customers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1557798/000168316823001303/0001683168-23-001303-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1557798/000168316823001303/tianci_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-001303

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