Fuss Brands exits shell status via sourcing deal for $925K suitcase sale to RoomWagon

Fuss Brands Corp.

Entered buying agency agreement with Inter Mutagim Shivuk Vehafatsa Ltd. to source tech suitcases from China.
Company will sell suitcases to RoomWagon, LLC for $925,000 under a prior purchase order.
Monthly service fee of $14,500; sales commission of 15% of gross profit; incentive grant of 340,000 shares (4% of outstanding).
Company states it is no longer a shell company as it is now undertaking more than nominal operations.
Agreement has initial 6-month term; Agent may earn up to 850,000 shares via referral bonuses.

item 1.01 item 5.06 item 9.01

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

Fuss Brands Corp.: No longer a shell company after agreement and purchase order.

Change: shell status

Exact text from the filing

Following the entry into the Agreement described in Item 1.01 of this report on Form 8-K, the Company is no longer a shell company, as defined in Rule 12b-2 under the Securities Exchange Act of 1934.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Fuss Brands Corp. entered into Agreement with Inter Mutagim Shivuk Vehafatsa Ltd. valued at $925,000 (effective 2023-03-01).

Action: entry
Counterparty: Inter Mutagim Shivuk Vehafatsa Ltd.
Value: $925,000
Effective: 2023-03-01

Exact text from the filing

On March 1, 2023, Fuss Brands, Inc. (the “Company”), entered into a buying agency and sourcing services agreement (the “Agreement”) with Inter Mutagim Shivuk Vehafatsa Ltd., an Israeli company (“IMSV”). Pursuant to the Agreement, the Company engaged IMSV to source and buy certain non-U.S. produced suitcases with various technology capabilities throughout the People’s Republic of China, which the Company shall then sell to RoomWagon, LLC, for $925,000, pursuant to a purchased order described in the Company’s Form 8-K, filed on January 27, 2023.

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Source: SEC EDGAR

accession 0001829126-23-001792

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