8-K
filed July 15, 2024, 7:59 PM ET
CIK 0000787496
other material
confidence high
sentiment neutral
materiality 0.95
UBUYHOLDINGS INC: M&A transaction — AEI Capital acquires 95% voting control; CEO and board replaced
UBUYHOLDINGS INC
- AEI Capital acquired 10M Series A-1 Pref shares (100% of class, 95% voting power).
- All prior officers and directors resigned; John Tang Honjian appointed as CEO, CFO, Secretary, and Director.
- New CEO John Tang Honjian leads AEI Capital Group, AUM >$500M, background in M&A and IPO.
- Transaction closed June 20, 2024, effective June 24, 2024; purchased with personal funds.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Tang Honjian was appointed as Director at UBUYHOLDINGS INC.
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed John Tang Honjian to fill a vacancy on the Company’s Board of Directors caused by the resignation of Mr. David Lazar
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Tang Honjian was appointed as Secretary at UBUYHOLDINGS INC.
- Action
- appointed
- Role
- Secretary
Exact text from the filing
the Board appointed Mr. Honjian as President/CEO and CFO and as Secretary
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Tang Honjian was appointed as President/CEO at UBUYHOLDINGS INC.
- Action
- appointed
- Role
- President/CEO
Exact text from the filing
the Board appointed Mr. Honjian as President/CEO and CFO and as Secretary
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Lazar resigned as Director at UBUYHOLDINGS INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
the Board appointed John Tang Honjian to fill a vacancy on the Company’s Board of Directors caused by the resignation of Mr. David Lazar
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Tang Honjian was appointed as CFO at UBUYHOLDINGS INC.
- Action
- appointed
- Role
- CFO
Exact text from the filing
the Board appointed Mr. Honjian as President/CEO and CFO and as Secretary
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
UBUYHOLDINGS INC underwent a change of control involving AEI Capital Ltd. (closed 2024-06-20).
- Action
- change of control
- Counterparty
- AEI Capital Ltd.
- Closing
- 2024-06-20
Exact text from the filing
On June 20, 2024 (the “Closing Date”), and effective on June 24, 2024 (the “Effective Date”), David Lazar (the “Seller”) and AEI Capital Ltd. (the “Purchaser”) entered into a Stock Purchase Agreement (the “SPA”) dated May 16, 2024.
View on SEC.gov
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