DH Enchantment to acquire OLS Asia (Buyippee) for 20B shares, subject to reverse split

DH ENCHANTMENT, INC.

Issues 20 billion common shares to acquire all outstanding shares of OLS Asia, a logistics firm.
Closing requires 1-for-1000 reverse stock split; target date June 30, 2024.
Agreement terminates if not closed by July 31, 2024, subject to customary conditions.
Post-closing, DH Enchantment becomes sole shareholder of Buyippee.

Key facts

Extracted from this filing and checked against the source text.

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

DH ENCHANTMENT, INC. entered into Share Exchange Agreement with OLS Asia Corporation and certain Investors (effective 2024-03-29).

Action: entry
Agreement: equity purchase
Counterparty: OLS Asia Corporation and certain Investors
Effective: 2024-03-29

Exact text from the filing

On March 29, 2024, the Issuer entered into a Share Exchange Agreement (the “Share Exchange Agreement”) with OLS Asia Corporation, a British Virgin Island corporation (“Buyippee”), and certain Investors

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Source: SEC EDGAR

accession 0001683168-24-002055

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