Carriage House Event Center declares it is no longer a shell; signs LOI to buy AZ property for $850K

Carriage House Event Center, Inc.

Company asserts it has more than nominal operations and is not a shell company under Rule 405.
Signed non-binding LOI to purchase 8,050 sq ft building in Mesa, AZ for $850,000.
Consideration includes 300,000 shares of common stock and a $200,000 promissory note.
Promissory note is interest-free until Jan 1, 2025, then 8% interest, maturing Dec 31, 2026.
Expected closing on or before Aug 31, 2023, subject to due diligence and final contract.

item 5.06 item 9.01

Key facts

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

Carriage House Event Center, Inc.: Company asserts it is not a shell company based on more than nominal operations.

Change: shell status

Exact text from the filing

The Company has more than nominal operations, and therefore we believe that the Company is not currently a “shell company” as defined in Rule 405 of the Securities Act of 1933 as well as SEC Release No. 33-8587 and footnote 172 of SEC Release No. 33-8869.

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Source: SEC EDGAR

accession 0001826466-23-000024

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