Un Monde International ceases shell company status; starts operations with education HQ lease

Un Monde International Ltd.

Entered commercial lease on May 1, 2023, for office space at 1-45A West Wilmost St, Richmond Hill, ON, for private education headquarters.
Paid CA$12,327.48 (US$9,328.05) as security deposit; base rent is CA$4,109.16/month on month-to-month term.
Began active business operations in Q2 2023 offering education/management services to international students.
Company ceased being a shell company (Rule 12b-2) based on having non-nominal operations and non-cash assets (the lease).
Landlord is SunnyBrook Education Group; lease is for 'Office of Private School' permitted use.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Un Monde International Ltd.: The Company ceased being a shell company as defined in Rule 12b-2 because it began active business operations in the second quarter of 2023 and entered into a commercial lease agreement on May 1, 2023.

Change: shell status

Exact text from the filing

Un Monde International Worldwide Ltd. (the “Company”) began active business operation pursuant to its business plan which is to offer education and management services to private, distinguished, specialized, and internationalized education to international students in schools. The Company ceased being a shell company as defined in Rule 12b-2 of the Securities Exchange Act of 1934

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Un Monde International Ltd. entered into Commercial Lease Agreement valued at CA$12,327.48 (US$9,328.05) (effective 2023-05-01).

Action: entry
Agreement: lease
Value: CA$12,327.48 (US$9,328.05)
Effective: 2023-05-01

Exact text from the filing

On May 1, 2023, Un Monde International Worldwide Ltd. (the “Company”) has entered into a Commercial Lease Agreement for which the Company will use the leased property as its private education operation headquarter office space. The Company has made a total payment of CA$12,327.48 (US$9,328.05) to the landlord pursuant to the lease agreement.

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Source: SEC EDGAR

accession 0001683168-23-004406

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