AB International Group Corp. Enters Material Definitive Agreement
Ticker: AERA · Form: 8-K · Filed: Jan 29, 2024 · CIK: 1605331
Complexity: simple
Sentiment: neutral
Topics: material-agreement, corporate-action, strategic-development
TL;DR
**AB International Group Corp. just signed a big deal, details pending, could be a game-changer.**
AI Summary
AB International Group Corp. filed an 8-K on January 29, 2024, reporting an "Entry into a Material Definitive Agreement" on January 26, 2024. This filing indicates a significant new contract or partnership for the company, which could impact its future operations and financial performance. Investors should pay close attention to the details of this agreement, as it could signal new revenue streams or strategic shifts for the company, potentially affecting its stock value.
Why It Matters
This filing signals a potentially significant new business venture or partnership for AB International Group Corp., which could lead to new revenue opportunities or strategic changes. The nature of this agreement will dictate its impact on the company's future growth and profitability.
Risk Assessment
Risk Level: medium — The risk is medium because while a material agreement is reported, the specific details and financial implications are not disclosed in this filing, creating uncertainty.
Analyst Insight
A smart investor would monitor AB International Group Corp. closely for subsequent filings or press releases that detail the specifics of this 'Material Definitive Agreement' to assess its potential impact on the company's financials and future prospects before making any investment decisions.
Key Numbers
- January 26, 2024 — Date of earliest event reported (This is the date the material definitive agreement was entered into.)
- January 29, 2024 — Date of Report (This is the date the 8-K filing was submitted to the SEC.)
- 0001605331 — Central Index Key (CIK) (Unique identifier for AB International Group Corp. with the SEC.)
- 000-55979 — Commission File Number (The SEC file number for AB International Group Corp.)
Key Players & Entities
- AB International Group Corp. (company) — the registrant filing the 8-K
- Nevada (company) — state of incorporation for AB International Group Corp.
- 000-55979 (dollar_amount) — Commission File Number
- 37-1740351 (dollar_amount) — I.R.S. Employer Identification No.
- 144 Main Street, Mt. Kisco, NY 10549 (company) — address of principal executive offices
- (914) 202-3108 (company) — registrant's telephone number
Forward-Looking Statements
- AB International Group Corp. will provide further details about the material definitive agreement in a subsequent filing or press release. (AB International Group Corp.) — high confidence, target: Q1 2024
- The stock price of AB International Group Corp. will react positively or negatively once the specifics of the agreement are disclosed. (AB International Group Corp. stock) — medium confidence, target: Upon disclosure of agreement details
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was the "Entry into a Material Definitive Agreement" which occurred on January 26, 2024.
When was this 8-K report filed with the SEC?
This 8-K report was filed with the SEC on January 29, 2024, as indicated by the 'Date of Report'.
What is the primary business address of AB International Group Corp.?
The primary business address of AB International Group Corp. is 144 Main Street, Suite 1009, Mt. Kisco, NY 10549.
What is the significance of 'Entry into a Material Definitive Agreement'?
The 'Entry into a Material Definitive Agreement' signifies that AB International Group Corp. has entered into a legally binding contract that is considered significant enough to require disclosure to investors, as it could materially impact the company's financial condition or operations.
Is AB International Group Corp. classified as an emerging growth company?
Based on the filing, AB International Group Corp. is not indicated as an emerging growth company, as the checkbox for 'Emerging growth company' is unchecked.
Filing Stats: 473 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-01-29 13:08:05
Key Financial Figures
- $0.001 — epurchase shares of their Common Stock, $0.001 par value, amounting to 45,173,980 shar
- $112,935 — pany under the Repurchase Agreements is $112,935, which will be funded with cash on hand
Filing Documents
- abqq8k012624.htm (8-K) — 21KB
- ex10_1.htm (EX-10.1) — 17KB
- 0001663577-24-000021.txt ( ) — 204KB
- abqq-20240126.xsd (EX-101.SCH) — 3KB
- abqq-20240126_lab.xml (EX-101.LAB) — 33KB
- abqq-20240126_pre.xml (EX-101.PRE) — 22KB
- abqq8k012624_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On January 26, 2024, AB International Group Corp. (the "Company") entered into Repurchase Agreements with six shareholders, all non-affiliates of the Company, pursuant to which the Company agreed to repurchase shares of their Common Stock, $0.001 par value, amounting to 45,173,980 shares for cancellation. The price to be paid by the Company under the Repurchase Agreements is $112,935, which will be funded with cash on hand. The description of the Form of Share Repurchase Agreement in this report is qualified in its entirety by reference to the full text of the Repurchase Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibit No. Description 10.1 Form of Share Repurchase Agreement 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL Document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AB International Group Corp. /s/ Chiyuan Deng Chiyuan Deng President Date: January 29, 2024 3