Astra Energy Files 8-K Amendment on Material Agreement
Ticker: ASRE · Form: 8-K/A · Filed: Apr 3, 2024 · CIK: 1231339
| Field | Detail |
|---|---|
| Company | Astra Energy, Inc. (ASRE) |
| Form Type | 8-K/A |
| Filed Date | Apr 3, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $50,000, $1 million, $100,000, $5,000,000 b, $1,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, amendment
TL;DR
Astra Energy filed an 8-K/A for a new material agreement from March 22nd. Details TBD.
AI Summary
Astra Energy, Inc. filed an amendment (8-K/A) on April 3, 2024, related to a material definitive agreement entered into on March 22, 2024. The filing does not provide specific details about the agreement or any associated dollar amounts.
Why It Matters
This amendment indicates a significant development for Astra Energy, Inc. regarding a new definitive agreement, though the specifics are not yet disclosed.
Risk Assessment
Risk Level: medium — The filing is an amendment to a previous report concerning a material definitive agreement, suggesting a significant event, but the lack of detail introduces uncertainty.
Key Players & Entities
- Astra Energy, Inc. (company) — Registrant
- March 22, 2024 (date) — Date of earliest event reported
- April 3, 2024 (date) — Filing date
FAQ
What is the nature of the material definitive agreement mentioned in the filing?
The filing is an amendment (8-K/A) to report on a material definitive agreement entered into on March 22, 2024, but the specific details of the agreement are not provided in the excerpt.
When was the original event related to the material definitive agreement reported?
The earliest event reported in this amendment occurred on March 22, 2024.
What is the filing date of this amendment?
This amendment (8-K/A) was filed on April 3, 2024.
What was Astra Energy, Inc. formerly known as?
Astra Energy, Inc. was formerly known as OCEAN SMART, INC. (name change effective April 13, 2009), EDGEWATER FOODS INTERNATIONAL, INC. (name change effective August 30, 2005), and HERITAGE MANAGEMENT INC (name change effective May 7, 2003).
What is Astra Energy, Inc.'s principal executive office address?
Astra Energy, Inc.'s principal executive offices are located at 9565 Waples Street, Suite 200, San Diego, CA 92121.
Filing Stats: 716 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2024-04-03 06:02:36
Key Financial Figures
- $50,000 — for each project will be calculated at $50,000 per megawatt for each project to a maxi
- $1 million — gawatt for each project to a maximum of $1 million. Powertron will make a non-refundable g
- $100,000 — a non-refundable good faith payment of $100,000 to the Holcomb Energy Systems LLC Compa
- $5,000,000 b — ge for doing so will recieve a total of $5,000,000 by way of; $1,000,000 cash, a $4,000,000
- $1,000,000 — ecieve a total of $5,000,000 by way of; $1,000,000 cash, a $4,000,000 180 day promissory n
- $4,000,000 — 5,000,000 by way of; $1,000,000 cash, a $4,000,000 180 day promissory note with an annual
Filing Documents
- asre_8ka.htm (8-K/A) — 26KB
- 0001477932-24-001804.txt ( ) — 146KB
- asre-20240322.xsd (EX-101.SCH) — 6KB
- asre-20240322_lab.xml (EX-101.LAB) — 14KB
- asre-20240322_cal.xml (EX-101.CAL) — 1KB
- asre-20240322_pre.xml (EX-101.PRE) — 9KB
- asre-20240322_def.xml (EX-101.DEF) — 2KB
- asre_8ka_htm.xml (XML) — 4KB
01
Item 1.01 Entry into a Material Definitive Agreement On March 22, 2024, Astra Energy Inc. (" Astra " or the " Company ") through a subisidary entered into a Joint Venture Agreement (the " Agreement ") with Powertron Global LLC (" Powertron "). Pursuant to the Agreement, Astra and Powertron will partner to sell or resell power and engage on a non-exclusive basis in the sale of the Holcomb Energy Systems LLC In-line power generator products and services to the end user for use in the waste-to-energy marketplace. In consideration of the Agreement: Powertron Global LLC will receive 55% of the gross revenue from the power savings and/or power magnification; and Astra Energy Inc. through a subsidiary will receive 45% of the gross revenue of power savings and/or magnification; and Holcomb Energy Systems LLC will receive a 5% royalty on gross income from the joint venture; and A license fee for each project will be calculated at $50,000 per megawatt for each project to a maximum of $1 million. Powertron will make a non-refundable good faith payment of $100,000 to the Holcomb Energy Systems LLC Company, within 5 days of execution of the Agreement. This will be credited towards the first license fee; and Powertron shall identify and close the financing of equipment to be owned by Astra through a subsidiary. The financier may require that the equipment be part of the security in which case the equipment will be secured until the term of the financing is complete and return to the ownership of Astra Energy Inc. This transaction is distinct from the Agreement made on March 08, 2024, where Astra Energy Inc. (the " Company ") entered into a Joint Venture Agreement (the " Agreement ") with Powertron Global LLC (" Powertron ") to form a new joint venture company (" Newco ") to assign the Regreen Technologies Inc. patents into and in exchange for doing so will recieve a total of $5,000,000 by way of; $1,000,000 cash, a $4,000,000 180 day promissory note with an annual
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. ASTRA ENERGY, INC. Dated: April 3, 2024 By: /s/ Ronald W. Loudoun Ronald W. Loudon CEO 3