secwatch / observer
8-K filed December 14, 2022, 6:59 PM ET ticker AGSS CIK 0001514443
M&A confidence high sentiment neutral materiality 0.85

AMERIGUARD SECURITY SERVICES, INC. (AGSS): M&A transaction — AmeriGuard Security completes reverse merger with Health Revenue Assurance, becomes public company

AMERIGUARD SECURITY SERVICES, INC.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERIGUARD SECURITY SERVICES, INC. reported nine months ended September 30, 2022 results: revenue $ 18,838,996, net income $ 176,573.

Period
nine months ended September 30, 2022
Revenue
$ 18,838,996
Net income
$ 176,573
Result
reported results
Exact text from the filing
For the Nine months ended Increase / Increase / September 30, 2022 September 30, 2021 (Decrease) $ (Decrease) % Total Revenue $ 18,838,996 $ 16,736,465 $ 2,102,531 13 % Cost of Services 16,237,701 15,178,135 1,059,566 7 % Gross Margin $ 2,601,295 $ 1,558,330 $ 1,042,965 67 % Gross Margin % 13.81 % 9.41 % 4.40 % 47 % Operating expenses 2,070,812 1,270,456 800,657 63 % Depreciation expense 33,282 40,949 (7,667 ) -19 % Interest Expense 60,693 45,240 15,452 34 % Net Income from Operations $ 436,508 $ 201,985 $ 234,523 116 % Other income (Expense) (259,935 ) (515,426 ) 255,491 50 % Net Income/(loss) before income taxes $ 176,573 $ (313,441 ) $ 490,014 156 %
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

AMERIGUARD SECURITY SERVICES, INC.: No longer a shell corporation after merger consummation.

Change
shell status
Exact text from the filing
Following the consummation of the Merger described in Item 2.01 of this Current Report on Form 8-K, we believe that we are no longer a shell corporation as that term is defined in Rule 405 of the Securities Act and Rule 12b-2 of the Exchange Act.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

AMERIGUARD SECURITY SERVICES, INC. underwent a change of control involving Lawrence Garcia and the shareholders of AmeriGuard Security Services, Inc. (closed 2022-12-09).

Action
change of control
Counterparty
Lawrence Garcia and the shareholders of AmeriGuard Security Services, Inc.
Closing
2022-12-09
Exact text from the filing
On December 9, 2022, AGSS entered into the Merger Agreement. AmeriGuard became a wholly owned subsidiary of AGSS, and AGSS its only shareholder and will continue in its existence with one owner, AGSS.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

AMERIGUARD SECURITY SERVICES, INC. entered into Merger Agreement with AmeriGuard Security Services, Inc., a California corporation, Lawrence Garcia and the minority shareholders of AmeriGuard (effective 2022-12-09).

Action
entry
Agreement
merger
Counterparty
AmeriGuard Security Services, Inc., a California corporation, Lawrence Garcia and the minority shareholders of AmeriGuard
Effective
2022-12-09
Exact text from the filing
On, December 9, 2022, AmeriGuard Security Services, Inc. f/k/a Health Revenue Assurance Holding, Inc. a Nevada corporation (“we”, “AGSS” or the “Company”), entered into a Definitive Share Exchange Agreement (the “Merger Agreement”) with AmeriGuard Security Services, Inc., a California corporation, (“AmeriGuard”) and Lawrence Garcia (“Garcia”) the majority shareholder of AmeriGuard (the “Majority Shareholder”) and the minority shareholders of AmeriGuard (“Minority Shareholders”).
View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

AMERIGUARD SECURITY SERVICES, INC. filing history →

Source: SEC EDGAR
accession 0001829126-22-020293
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.