TransparentBusiness, Inc.: M&A transaction — Unicoin completes acquisition of Argentine copper exploration rights after initial termination

TransparentBusiness, Inc.

Acquired rights to explore for copper deposits in Argentina via deed registered July 23, 2024 by Province of Neuquen.
Originally terminated Asset Swap Agreement on Feb 23, 2024 after seller failed to register transfer; company then filed deed itself.
Transaction involves 420,000,000 unicoin rights issued to seller Electroquimica del Neuquen S.A. in exchange for real estate assets.
Unicoin will not void unicoin rights delivered to seller; deems transaction complete.

item 1.02 item 2.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

TransparentBusiness, Inc. completed an acquisition involving Electroquimica del Neuquen S.A. (closed 2024-07-23).

Action: acquisition
Counterparty: Electroquimica del Neuquen S.A.
Closing: 2024-07-23

Exact text from the filing

(the “ Company ”) entered into an Asset Swap Agreement (the “ Asset Swap Agreement ”) with Electroquimica del Neuquen S.A., an Argentine corporation (the “ Seller ”), pursuant to which the Seller acquired rights to obtain 420,000,000 unicoin rights from the Company (the “ Unicoins ”) in exchange for the disposition of certain real estate assets described in the Asset Swap Agreement (the “ Real Estate Assets ”) of the Seller to the Company (the “ Transaction ”).

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Source: SEC EDGAR

accession 0001829126-24-005061

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