Global Acquisitions Corp Files SC 13D
Ticker: AASP · Form: SC 13D · Filed: Jul 5, 2024 · CIK: 930245
Sentiment: neutral
Topics: ownership-change, filing-update, corporate-action
TL;DR
**GLOBAL ACQUISITIONS Corp filed a 13D on 7/5/24. Group members include Boreta entities and individuals. Company has history of name changes.**
AI Summary
On July 5, 2024, GLOBAL ACQUISITIONS Corp filed an SC 13D, indicating a change in beneficial ownership. The filing lists ALL-AMERICAN GOLF CENTER, INC., BORETA ENTERPRISES, LTD., JOHN BORETA, and RONALD S. BORETA as group members. The company, previously known as ALL AMERICAN SPORTPARK INC and SAINT ANDREWS GOLF CORP, is incorporated in Nevada and operates in the miscellaneous retail sector.
Why It Matters
This filing signals a potential shift in control or significant investment in GLOBAL ACQUISITIONS Corp, which could impact its stock price and strategic direction.
Risk Assessment
Risk Level: medium — SC 13D filings often precede significant corporate actions or changes in control, introducing uncertainty and potential volatility.
Key Players & Entities
- GLOBAL ACQUISITIONS Corp (company) — Subject Company
- ALL-AMERICAN GOLF CENTER, INC. (company) — Group Member
- BORETA ENTERPRISES, LTD. (company) — Group Member
- JOHN BORETA (person) — Group Member
- RONALD S. BORETA (person) — Group Member
- ALL AMERICAN SPORTPARK INC (company) — Former Company Name
- SAINT ANDREWS GOLF CORP (company) — Former Company Name
FAQ
What is the primary purpose of this SC 13D filing?
The filing is to report a change in beneficial ownership of GLOBAL ACQUISITIONS Corp by a group of entities and individuals.
Who are the listed group members in this filing?
The group members include ALL-AMERICAN GOLF CENTER, INC., BORETA ENTERPRISES, LTD., JOHN BORETA, and RONALD S. BORETA.
When was this SC 13D filing submitted?
The filing was submitted on July 5, 2024.
What were the previous names of GLOBAL ACQUISITIONS Corp?
The company was formerly known as ALL AMERICAN SPORTPARK INC and SAINT ANDREWS GOLF CORP.
What is the business address and phone number for GLOBAL ACQUISITIONS Corp?
The business address is 6730 SOUTH LAS VEGAS BLVD., LAS VEGAS, NV 89119, and the phone number is 7023177301.
Filing Stats: 2,229 words · 9 min read · ~7 pages · Grade level 11.9 · Accepted 2024-07-05 19:38:53
Key Financial Figures
- $593,670 — ed by, and payable to, AAGC amounted to $593,670 (the “Payables”). On July 3
- $0.001 — 5,390 shares of common stock, par value $0.001 (“Common Stock”) in a priva
- $0.397 — nsaction represented one share for each $0.397 of Payables relinquished by AAGC. (d)
Filing Documents
- sched13d.htm (SC 13D) — 85KB
- exhibit10-1.htm (EX-10.1) — 56KB
- exhibit99-1.htm (EX-99.1) — 8KB
- 0001472375-24-000054.txt ( ) — 151KB
Security and Issuer
Item 1. Security and Issuer This Schedule 13D relates to the shares beneficially owned of Global Acquisition Corporation, a Nevada corporation (the “Issuer”). The principal executive offices of the Issuer are located at 6730 Las Vegas Boulevard South, Las Vegas, NV 89119.
Identity and Background
Item 2. Identity and Background (a) This Schedule 13D is being jointly filed by the following persons (collectively, the “Reporting Persons”): (i) Ronald S. Boreta, an individual; (ii) John Boreta, an individual, (iii) All-American Golf Center, Inc., a Nevada corporation (“AAGC”); and Boreta Enterprises, Ltd. a Nevada limited liability company (“Enterprises”). Ronald Boreta and John Boreta are both directors, officers and significant stockholders of AAGC and Enterprises who, together, control the investment decisions of AAGC and Enterprises. As a result of the foregoing, Ronald Boreta and John Boreta may each be deemed beneficially to own the securities of the Issuer owned by AAGC and Enterprises. The Reporting Persons have entered into a Joint Filing Agreement dated as of July 3, 2024, a copy of which is attached as Exhibit 99.1 to the Schedule 13D, pursuant to which the Reporting Persons have agreed to jointly file the Schedule 13D, including any and all amendments thereto. (b) The business address of Ronald Boreta is c/o Global Acquisitions Corporation, 6730 Las Vegas Boulevard South, Las Vegas, NV 89119. The business address of John Boreta is c/o Global Acquisitions Corporation, 6730 Las Vegas Boulevard South, Las Vegas, NV 89119. The business address of All-American Golf Center, Inc. is 6730 Las Vegas Boulevard South, Las Vegas, NV 89119. The business address of Boreta Enterprises, Ltd . is 6730 Las Vegas Boulevard South, Las Vegas, NV 89119. (c) Ronald Boreta is a President and Chief Executive Officer of the Issuer as well as significant stockholder and a director of AAGC and managing member of Enterprises. John Boreta is Director of the Issuer as well as a significant stockholder and a director of AAGC and member of Enterprises. (d) During the last five years none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five
Source and Amount of Funds or
Item 3. Source and Amount of Funds or Other Consideration AAGC, for a period in excess of eight years, advanced monies, out of its own income and working capital, to the Issuer to pay operating expenses of the Issuer incurred after the Issuer completed the closing of the Transfer Agreement for the sale and transfer of the Issuer’s 2016 51% interest in All American Golf Center, Inc., which constituted substantially all of the Company’s assets. As of March 31, 2024, the amounts advanced by, and payable to, AAGC amounted to $593,670 (the “Payables”). On July 3, 2024, the Issuer agreed with AAGC issue to AAGC, as satisfaction of the Payables, 1,495,390 shares of common stock, par value $0.001 (“Common Stock”) in a private placement transaction (the “Transaction”) exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). CUSIP No. 379413107 Page 7 of 10
Purpose of the Transaction
Item 4. Purpose of the Transaction The Transaction was undertaken to replace liabilities owed to AAGC with equity interests and correspondingly reduce the liabilities and accumulated stockholders’ deficit of the Issuer, in order to permit the Issuer to better pursue its efforts to seek, investigate, and, if warranted, acquire an interest in a business opportunity, which may be made by merger, exchange of stock, or otherwise. As of the date hereof, the Issuer has not reached any preliminary or definitive agreements or understandings with any person concerning any business opportunity. Contemporaneously with the Transaction described herein, the Issuer intends to issue warrants to certain persons who have provided and are expected to provide services and other support to the Issuer in furtherance of its pursuit of business opportunities; the issuance such securities have been described in a Current Report on Form 8-K filed by the issuer on July 5, 2024.
Interest in Securities of the
Item 5. Interest in Securities of the Issuer (a) As of the close of business on July 3, 2024, the Reporting Persons beneficially own an aggregate of 3,050,138 shares of Common Stock, representing approximately 42.6% of the shares of Common Stock outstanding. The percentages used herein are based upon 7,153,513 shares of Common Stock outstanding after giving effect to the issuance of 1,495,390 shares of Common Stock to AAGC pursuant to the Transaction described herein. (b) Ronald S. Boreta owns 602,229 shares directly, with sole voting and dispositive power. John Boreta owns 591,735 shares directly, with sole voting and dispositive power. Ronald S. Boreta and John Boreta are each directors and significant stockholders of AAGC and members of Enterprises and may be deemed to share both voting and dispositive power of the shares of Common Stock owned by AAGC (1,495,390 shares) and Enterprises (360,784 shares), and thus to share beneficial ownership of such securities. (c) On July 3, 2024, the Issuer agreed with AAGC to issue to AAGC 1,495,390 shares of Common Stock in the Transaction more fully described in Item 3 above. The Transaction represented one share for each $0.397 of Payables relinquished by AAGC. (d) No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock beneficially owned by the Reporting Persons. (e) Not applicable.
Contracts,
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Reference is made to the Transaction described in Item 3 above.
Material to be Filed as
Item 7. Material to be Filed as Exhibits Exhibit 10.1 - Purchase Agreement of the Transaction. Exhibit 99.1 - Joint Filing Agreement . CUSIP No. 379413107 Page 8 of 10 Signature After reasonable inquiry and to the best of my knowledge and belief, the Reporting Person hereby certifies that the information set forth in this Schedule 13D is true, complete, and correct. Dated: July 5, 2024 RONALD S. BORETA /s/ Ronald S. Boreta JOHN BORETA /s/ John Boreta ALL-AMERICAN GOLF CENTER, INC. By: /s/ Ronald S. Boreta Name: Ronald S. Boreta Title: President, Secretary and Treasurer BORETA ENTERPRISES, LTD. By: /s/ Ronald S. Boreta Name: Ronald S. Boreta Title: Managing Member