Astra Energy Signs Material Definitive Agreement
Ticker: ASRE · Form: 8-K · Filed: Jun 6, 2024 · CIK: 1231339
| Field | Detail |
|---|---|
| Company | Astra Energy, Inc. (ASRE) |
| Form Type | 8-K |
| Filed Date | Jun 6, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1,000,000, $50,000, $500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, contract
TL;DR
Astra Energy just signed a big deal, details TBD.
AI Summary
Astra Energy, Inc. entered into a Material Definitive Agreement on June 3, 2024. The filing does not specify the other party involved or the terms of the agreement, but it is classified as a significant contract.
Why It Matters
This filing indicates a significant new contract for Astra Energy, which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details about the agreement introduces uncertainty, making it a medium risk until more information is disclosed.
Key Players & Entities
- Astra Energy, Inc. (company) — Registrant
- June 3, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement?
The filing states that Astra Energy, Inc. entered into a Material Definitive Agreement on June 3, 2024, but does not provide specific details about its nature.
Who is the other party to this agreement?
The filing does not disclose the name of the other party involved in the Material Definitive Agreement.
What are the key terms and financial implications of this agreement?
The filing does not specify the terms or financial implications of the Material Definitive Agreement.
When was this agreement officially entered into?
The agreement was entered into on June 3, 2024, which is the date of the earliest event reported.
Is this agreement expected to have a significant impact on Astra Energy's business?
The classification as a 'Material Definitive Agreement' suggests it is expected to have a significant impact, though the specific nature of that impact is not detailed in this filing.
Filing Stats: 537 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-06-06 06:01:02
Key Financial Figures
- $1,000,000 — Parties ") The Company has received a $1,000,000 deposit towards the manufacture and ins
- $50,000 — . The Client will pay a license fee of $50,000 per megawatt for each project to a maxi
- $500,000 — gawatt for each project to a maximum of $500,000 per project to be paid upon delivery an
Filing Documents
- asre_8k.htm (8-K) — 24KB
- 0001477932-24-003518.txt ( ) — 141KB
- asre-20240603.xsd (EX-101.SCH) — 6KB
- asre-20240603_lab.xml (EX-101.LAB) — 14KB
- asre-20240603_cal.xml (EX-101.CAL) — 1KB
- asre-20240603_pre.xml (EX-101.PRE) — 9KB
- asre-20240603_def.xml (EX-101.DEF) — 2KB
- asre_8k_htm.xml (XML) — 4KB
01
Item 1.01. Entry into a Material Definitive Agreement On June 03, 2024, Astra Energy Inc. (the " Company ") through its subsidiary A-HES Power Co. have entered into a Joint Venture Agreement (the " Agreement ") with a multinational corporation (the " Client "), collectively (the " Parties ") The Company has received a $1,000,000 deposit towards the manufacture and installation of a one-megawatt Holcomb Energy Systems Inline Power Generator as a pilot unit with the intention that it will lead to further business. In consideration of the Agreement: The Client will retain the non-exclusive right to engage in the resale of products and services to the end user for use in the digital coin mining, cryptocurrency, and data center marketplace. The Client will pay a license fee of $50,000 per megawatt for each project to a maximum of $500,000 per project to be paid upon delivery and a 5% Royalty of the cost of goods installed upon delivery. For this pilot system the license fee will be waived. The Parties have agreed to a confidential split of the gross revenue derived from the power savings and/or power magnification. 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. ASTRA ENERGY, INC. Dated: June 06, 2024 By: /s/ Ronald W. Loudoun Ronald W. Loudon CEO 3