Ankam (ANKM) Reports Material Agreement & Asset Acquisition; Details Sparse
Ticker: ANKM · Form: 8-K · Filed: Jan 8, 2024 · CIK: 1781629
| Field | Detail |
|---|---|
| Company | Ankam, INC. (ANKM) |
| Form Type | 8-K |
| Filed Date | Jan 8, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: acquisition, material-agreement, corporate-action
TL;DR
**Ankam (ANKM) just announced a deal and asset acquisition, but gave zero details, leaving investors in the dark.**
AI Summary
Ankam, Inc. (ANKM) filed an 8-K on January 8, 2024, reporting an event that occurred on January 3, 2024, related to an acquisition or disposition of assets and a material definitive agreement. While the filing confirms these events, it does not provide specific details about the acquired assets, the counterparty, or the financial terms of the agreement. This matters to investors because the lack of detail makes it impossible to assess the potential impact of these significant corporate actions on Ankam's future performance or valuation.
Why It Matters
This filing indicates significant corporate activity for Ankam, Inc., but the absence of specific financial terms or details about the acquired assets prevents investors from evaluating the deal's potential benefits or risks.
Risk Assessment
Risk Level: medium — The lack of specific details regarding the material definitive agreement and asset acquisition introduces uncertainty and makes it difficult for investors to assess the financial implications.
Analyst Insight
A smart investor would await further detailed disclosures from Ankam, Inc. regarding the specific terms and financial impact of the material definitive agreement and asset acquisition before making any investment decisions, as the current filing lacks critical information.
Key Players & Entities
- Ankam, Inc. (company) — the registrant filing the 8-K
- 06 Technology (company) — organization name associated with the filer
- January 3, 2024 (date) — date of the earliest event reported
- January 8, 2024 (date) — date the 8-K was filed
FAQ
What specific assets were acquired or disposed of by Ankam, Inc. as reported in this 8-K filing?
The 8-K filing indicates 'Completion of Acquisition or Disposition of Assets' but does not provide any specific details about the nature, value, or counterparty of the assets involved.
What are the key terms of the 'Material Definitive Agreement' that Ankam, Inc. entered into?
The filing states 'Entry into a Material Definitive Agreement' but does not disclose any specific terms, parties, or financial implications of this agreement.
When did the earliest event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 3, 2024.
What is Ankam, Inc.'s primary business according to its Standard Industrial Classification?
Ankam, Inc.'s Standard Industrial Classification is 'SERVICES-COMPUTER PROGRAMMING SERVICES [7371]', indicating its primary business is computer programming services.
Is Ankam, Inc. considered an 'emerging growth company'?
Yes, Ankam, Inc. has checked the box indicating it is an 'emerging growth company' as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 770 words · 3 min read · ~3 pages · Grade level 13.3 · Accepted 2024-01-08 10:10:08
Filing Documents
- ankm_8k.htm (8-K) — 26KB
- exh10_1.htm (EX-10.1) — 24KB
- exh10_2.htm (EX-10.2) — 19KB
- 0001781629-24-000002.txt ( ) — 243KB
- ankm-20240103.xsd (EX-101.SCH) — 3KB
- ankm-20240103_lab.xml (EX-101.LAB) — 33KB
- ankm-20240103_pre.xml (EX-101.PRE) — 22KB
- ankm_8k_htm.xml (XML) — 3KB
01 Completion Of Acquisition Or Disposition
Item 2.01 Completion Of Acquisition Or Disposition Of Assets On January 3, 2024, Ankam, Inc (the "Company") entered into an Acquisition Agreement (the "Agreement") for the acquisition of complete ownership of Apex Intelligence LLC, a Wyoming limited liability company ("LLC"), inclusive of the Apex, a currency converter service (the "Asset"), along with all codes, licenses, intellectual property rights, related documentation and all activities related to the business of the Asset. The Agreement involves the acquisition of complete ownership interest of LLC, including the full acquisition of the Asset, developed and solely owned by LLC. The acquisition has been approved by the Company's board of directors and is in compliance with all applicable regulatory requirements. The "Apex" is an innovative and user-friendly currency conversion service designed to simplify global exchange rates. With a streamlined interface, users can effortlessly obtain accurate conversion rates through a straightforward series of steps, including entering the desired amount and selecting source and target currencies. Upon inputting details and activating the Convert button, the system, known as Apex, processes requests rapidly, displaying precise conversion results on the webpage. The website offers real-time updates on global exchange rates, empowering users to make informed financial decisions swiftly. In compliance with the Agreement, duly signed by the director of the Company and the sole proprietor, individual and authorized member of the LLC possessing all rights, the LLC, along with its operating history, was sold, transferred, assigned and conveyed to the Company. The company has acknowledged and accepted the LLC, along with its entire background to the company`s balance. Upon the merger, both the Company and the LLC persisted as independent and fully operational business entities, continuing their respective operations. Following the merger, complete ownership of the LLC was tran
01 Exhibits
Item 9.01 Exhibits (d) Exhibits. Exhibit No. Description 10.1 10.2 Acquisition Agreement dated January 3, 2024 Promissory Note dated January 3, 2024
SIGNATURES
SIGNATURES In accordance with the requirements of the Securities Act of 1933, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: January 8, 2024 ANKAM, INC. By: /s/ Bakur Kalichava Name: Bakur Kalichava Title: President, Director, Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary