{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-23-001980","form_type":"8-K","ticker":null,"cik":"0001740742","company_name":"TransparentBusiness, Inc.","filed_at":"2023-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.370293+00:00","generated_at":"2026-06-18T04:38:00.315198+00:00","sec_items":["2.01","9.01","9.02"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Unicoin (fka TransparentBusiness) acquires ITSQuest; audited statements show $4.5M tax liability and net loss","bullets":["Acquired ITSQuest, a professional staffing agency with 12 locations, on Nov 19, 2020 for undisclosed consideration.","ITSQuest audited: revenue $11.5M (Jan-Nov 2020) and $14.8M (FY2019); net loss attributable to common of $306K for the period.","Long-term tax liability of $4.47M to New Mexico Taxation & Revenue Dept for 2011-2018 assessments; no payment plan finalized.","Total stockholders' deficit was $3.22M as of Nov 26, 2020, with liabilities of $4.62M exceeding assets of $1.40M.","ITSQuest became a 51%-owned subsidiary of Unicoin after the share exchange."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-23-001980","json":"https://secwatch.observer/filing/0001829126-23-001980.json","markdown":"https://secwatch.observer/filing/0001829126-23-001980.md","text":"https://secwatch.observer/filing/0001829126-23-001980.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1740742/000182912623001980/0001829126-23-001980-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1740742/000182912623001980/unicoininc_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T04:38:00.315198+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5c53ceab15056b2b67562fd63ce0dadd9b67b65b","claim":"TransparentBusiness, Inc. completed an acquisition involving ITSQuest, Inc. (closed 2020-11-19).","evidence_excerpt":"On November 19, 2020, Unicoin Inc. (formerly known as TransparentBusiness, Inc.) (the “Company”) acquired ITSQuest, Inc. (“ITSQuest).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1740742/000182912623001980/0001829126-23-001980-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"ITSQuest, Inc."},{"label":"Closing","value":"2020-11-19"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}