---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-001757"
form_type: "8-K"
ticker: null
cik: "0001140586"
company_name: "NEW FRONTIER ENERGY INC"
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T16:14:48.369359+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# New Frontier Energy acquires CareOne, declares end of shell company status

## Summary
- Issued 200M common shares to acquire 100% of CareOne (debt resolution); closing March 24, 2023.
- CareOne had unaudited revenue of $600,000 and cash of $12,000 for year ended Dec 31, 2022.
- Company declares it ceased being a shell company as of Mar 23, 2023 via CareOne acquisition and R.A.M.S. oil shale business.
- Locked out of OTC Markets portal; filed 8-K voluntarily to notify shareholders of shell status change.
- Outstanding shares: 79,786,517 common + 1 Series A Preferred (convertible to 80% of common) as of Feb 28, 2023.

## SEC filing metadata
- accession: 0001683168-23-001757
- form_type: 8-K
- cik: 0001140586
- company_name: NEW FRONTIER ENERGY INC
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140586/000168316823001757/0001683168-23-001757-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140586/000168316823001757/newfrontier_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-001757
- JSON: https://secwatch.observer/filing/0001683168-23-001757.json
- Plain text: https://secwatch.observer/filing/0001683168-23-001757.txt

## Key facts
- M&A Transactions
  NEW FRONTIER ENERGY INC completed an acquisition involving CareOne, LLC for 200,000,000 shares of its common stock (closed 2023-03-24).
  - Action: acquisition
  - Counterparty: CareOne, LLC
  - Consideration: 200,000,000 shares of its common stock
  - Closing: 2023-03-24
  source text: Pursuant to the SPA, the Company was to issue a total of 200,000,000 shares of its common stock to acquire 100% of the outstanding interests in CareOne.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140586/000168316823001757/0001683168-23-001757-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.