secwatch.observer — SEC 8-K summary
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Issuer:     TransparentBusiness, Inc. (—)
CIK:        0001740742
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001829126-24-002231
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1740742/000182912624002231/0001829126-24-002231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1740742/000182912624002231/unicoin_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-002231

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer