m_and_a
confidence high
sentiment neutral
materiality 0.85
Rapid Line Inc. undergoes change of control; new CEO/Chairman Richard Chiang appointed
Rapid Line Inc.
- Nova Aura Limited acquired 2.5M shares (68.82% voting control) from Jiang Jian for $586,473 cash.
- Jiang Jian resigned as President/CEO/CFO/Secretary/director; Richard Chiang appointed to those roles and Chairman.
- Company entered consulting agreement with Tech Associates Inc., controlled by Chiang, for $18,500/month plus equity TBD.
- Consulting services include NASDAQ listing strategy, compliance, SEC reporting, and maintaining physical office presence.
- Equity compensation for consultant to be determined by Sept 25, 2025; shares subject to 24-month lock-up.
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