---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-002231"
form_type: "8-K"
ticker: null
cik: "0001740742"
company_name: "TransparentBusiness, Inc."
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:23:46.495085+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Unicoin acquires Bahamas land parcels for $554M in unicoin rights

## Summary
- Acquired two parcels of land in the Bahamas via beneficial interests in Long Island Investments Ltd. and Newport Harbour Ltd.
- Total purchase price: $554,431,641.50, payable in 1,108,862,283 unicoin rights (at $0.50 each).
- Acquisition closed April 2, 2024; seller is New World Properties SPV, Inc., a Bahamas corporation.
- For Long Island, beneficial rights valued at $119.9M; consideration of 335.6M unicoin rights delivered.

## SEC filing metadata
- accession: 0001829126-24-002231
- form_type: 8-K
- cik: 0001740742
- company_name: TransparentBusiness, Inc.
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1740742/000182912624002231/0001829126-24-002231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1740742/000182912624002231/unicoin_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-002231
- JSON: https://secwatch.observer/filing/0001829126-24-002231.json
- Plain text: https://secwatch.observer/filing/0001829126-24-002231.txt

## Key facts
- Material Agreements
  TransparentBusiness, Inc. entered into Agreement to Convey Beneficial Ownership in Long Island Investments Ltd. with New World Properties SPV, Inc. valued at $554,431,641.50 (effective 2024-04-02).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: New World Properties SPV, Inc.
  - Value: $554,431,641.50
  - Effective: 2024-04-02
  source text: On April 2, 2024, Unicoin, Inc. (the “Company”) closed a transaction with New World Properties SPV, Inc., a Bahamas corporation (“New World”), wherein the Company acquired two parcels of land in the Bahamas by acquiring the beneficial interests in two entities that own such parcels – Long Island Investments Ltd, a Bahamian company, and Newport Harbour Ltd., a Bahamian company, for a purchase price of $554,431,641.50, payable in rights to receive unicoins. Based on the per-unicoin right price of $0.50 each, the Company delivered 1,108,862,283 unicoin rights to New World on April 2, 2024. A copy of the Agreement to Convey Beneficial Ownership in Long Island Investments Ltd., as amended, is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1740742/000182912624002231/0001829126-24-002231-index.htm
- Material Agreements
  TransparentBusiness, Inc. entered into Agreement to Convey Beneficial Ownership in Newport Harbour Ltd. with New World Properties SPV, Inc. valued at $554,431,641.50 (effective 2024-04-02).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: New World Properties SPV, Inc.
  - Value: $554,431,641.50
  - Effective: 2024-04-02
  source text: On April 2, 2024, Unicoin, Inc. (the “Company”) closed a transaction with New World Properties SPV, Inc., a Bahamas corporation (“New World”), wherein the Company acquired two parcels of land in the Bahamas by acquiring the beneficial interests in two entities that own such parcels – Long Island Investments Ltd, a Bahamian company, and Newport Harbour Ltd., a Bahamian company, for a purchase price of $554,431,641.50, payable in rights to receive unicoins. Based on the per-unicoin right price of $0.50 each, the Company delivered 1,108,862,283 unicoin rights to New World on April 2, 2024. A copy of the Agreement to Convey Beneficial Ownership in Long Island Investments Ltd., as amended, is attached hereto as Exhibit 10.1 and is incorporated herein by reference. A copy of the Agreement to Convey Beneficial Ownership in Newport Harbour Ltd., as amended, is attached hereto as Exhibit 10.2 and is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1740742/000182912624002231/0001829126-24-002231-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.