Un Monde International enters commercial lease, ceases shell company status

Un Monde International Ltd.

Entered commercial lease on May 1, 2023 for private education HQ in Richmond Hill, ON.
Monthly base rent of CA$4,109.16; security deposit of CA$12,327.48 paid.
Company determined it ceased being a shell company as of May 2023 due to active operations.
Lease is month-to-month; landlord can terminate with 15 days' notice for default.

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.: Company ceased being a shell company after beginning active business operations in Q2 2023 and entering into a commercial lease agreement.

Change: shell status

Exact text from the filing

Un Monde International 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 which defines a shell company as a company that has (A) no or nominal operations; and, (B) either, (1) no or nominal assets; (2) assets consisting solely of cash and cash equivalents; or, (3) assets consisting of any amount of cash and cash equivalents and nominal other assets.

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Source: SEC EDGAR

accession 0001683168-23-006919

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