Ankam, Inc. Files Material Definitive Agreement
Ticker: ANKM · Form: 8-K · Filed: Sep 19, 2024 · CIK: 1781629
| Field | Detail |
|---|---|
| Company | Ankam, INC. (ANKM) |
| Form Type | 8-K |
| Filed Date | Sep 19, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $500,000, $8.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement
TL;DR
Ankam signed a big deal, details TBD.
AI Summary
Ankam, Inc. entered into a Material Definitive Agreement on September 17, 2024. The filing does not disclose the specific nature of the agreement or any involved parties or financial terms.
Why It Matters
This filing indicates a significant new contract or partnership for Ankam, Inc., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the material definitive agreement.
Key Players & Entities
- Ankam, Inc. (company) — Registrant
- September 17, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement entered into by Ankam, Inc.?
The filing does not specify the nature of the Material Definitive Agreement.
Who are the other parties involved in this Material Definitive Agreement?
The filing does not disclose the names of any other parties to the agreement.
What is the effective date of this Material Definitive Agreement?
The earliest event reported is September 17, 2024, which is also the date of the report.
Are there any financial terms or obligations associated with this agreement disclosed in the filing?
No financial terms or obligations related to the agreement are disclosed in this filing.
Why is this agreement considered 'material' for Ankam, Inc.?
The filing states it is a Material Definitive Agreement, implying it is significant to the company's business, but does not provide specific reasons.
Filing Stats: 553 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-09-19 12:20:38
Key Financial Figures
- $500,000 — o the Lender in the principal amount of $500,000. Key Terms of the Proposed Convertible
- $8.00 — pal Amount: $500,000Conversion Price: $8.00 per share of Ankam Inc.Expiration Date:
Filing Documents
- ankam_8k.htm (8-K) — 26KB
- 0001683168-24-006531.txt ( ) — 193KB
- ankm-20240917.xsd (EX-101.SCH) — 3KB
- ankm-20240917_lab.xml (EX-101.LAB) — 33KB
- ankm-20240917_pre.xml (EX-101.PRE) — 24KB
- ankam_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive
Item 1.01 Entry into a Material Definitive Agreement On September 17, 2024, Ankam Inc. (the "Company") entered into a Memorandum of Understanding (the "MOU") with Hatcher Opportunities Limited Partnership Fund (the "Lender"), a limited partner fund registered in Hong Kong. Under the terms of the MOU, the Company intends to issue a convertible note (the "Convertible Note") to the Lender in the principal amount of $500,000. Key Terms of the Proposed Convertible Note:Principal Amount: $500,000Conversion Price: $8.00 per share of Ankam Inc.Expiration Date: December 31, 2024Number of Shares upon Conversion: 65,000 shares The proposed Convertible Note can only be exercised by the Lender on the maturity date. If the Lender exercises this conversion right, the principal amount of the Convertible Note shall be waived upon conversion into shares of Ankam Inc. at the conversion price of $8.00 per share. Purpose of the Financing The proceeds from the anticipated issuance of the Convertible Note will be used for working capital and business development purpose. Conclusion The Company believes that this financing arrangement will provide it with the necessary capital to achieve its strategic objectives and enhance shareholder value. 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. Ankam Inc. By: /s/ Wang Wen Lung Wang Wen Lung Title: President, Secretary, Treasurer, Director, Chief Executive Officer (Principal Executive Officer) and Chief Financial Officer (Principal Financial and Accounting Officer) Date: September 19, 2024 3