Astra Energy Enters Material Definitive Agreement
Ticker: ASRE · Form: 8-K · Filed: Sep 16, 2024 · CIK: 1231339
| Field | Detail |
|---|---|
| Company | Astra Energy, Inc. (ASRE) |
| Form Type | 8-K |
| Filed Date | Sep 16, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1,000,000, $4,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, corporate-actions
TL;DR
Astra Energy just signed a big deal, could be a game-changer.
AI Summary
On September 16, 2024, Astra Energy, Inc. entered into a material definitive agreement. The company, formerly known as Ocean Smart, Inc., EdgeWater Foods International, Inc., and Heritage Management Inc., is incorporated in Nevada and operates in the electric services sector.
Why It Matters
This filing indicates a significant new contract or partnership for Astra Energy, Inc., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks and opportunities, the specifics of which are not yet detailed in this initial filing.
Key Players & Entities
- Astra Energy, Inc. (company) — Registrant
- September 16, 2024 (date) — Date of earliest event reported
- Ocean Smart, Inc. (company) — Former company name
- EdgeWater Foods International, Inc. (company) — Former company name
- Heritage Management Inc (company) — Former company name
- Nevada (jurisdiction) — State of incorporation
- 4911 (sic_code) — Standard Industrial Classification for Electric Services
FAQ
What is the nature of the material definitive agreement entered into by Astra Energy, Inc.?
The filing does not specify the nature of the material definitive agreement, only that one was entered into on September 16, 2024.
When was the material definitive agreement entered into?
The material definitive agreement was entered into on September 16, 2024.
What is Astra Energy, Inc.'s Standard Industrial Classification code?
Astra Energy, Inc.'s Standard Industrial Classification code is 4911, which corresponds to Electric Services.
In which state is Astra Energy, Inc. incorporated?
Astra Energy, Inc. is incorporated in Nevada.
What were some of Astra Energy, Inc.'s former company names?
Astra Energy, Inc. was formerly known as Ocean Smart, Inc., EdgeWater Foods International, Inc., and Heritage Management Inc.
Filing Stats: 588 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-09-16 09:42:37
Key Financial Figures
- $1,000,000 — rtron made a non-refundable payments of $1,000,000 to the Company. It has not yet; created
- $4,000,000 — eholders, or made a lump sum payment of $4,000,000 that was due September 10, 2024. At Po
Filing Documents
- asre_8k.htm (8-K) — 23KB
- 0001477932-24-005723.txt ( ) — 140KB
- asre-20240916.xsd (EX-101.SCH) — 6KB
- asre-20240916_lab.xml (EX-101.LAB) — 14KB
- asre-20240916_cal.xml (EX-101.CAL) — 1KB
- asre-20240916_pre.xml (EX-101.PRE) — 9KB
- asre-20240916_def.xml (EX-101.DEF) — 2KB
- asre_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On March 08, 2024, Astra Energy Inc. (the " Company ") entered into a Joint Venture Agreement (the " Agreement ") with Powertron Global LLC (" Powertron "). The Company is the majority owner of Regreen Technologies Inc. (" Regreen "), which holds patents related to the processing of waste-to-energy (the " Patents "). Pursuant to the Agreement, the Company and Powertron will create a new entity under which all the Company's patents will be held by the Company (" Newco ") and will assign the Patents from Regreen to Newco. In consideration of the Agreement, Powertron made a non-refundable payments of $1,000,000 to the Company. It has not yet; created a NEWCO, provided a plan of arrangement for its public listing of which an initial 4M shares of stock would be distributed to Astra shareholders, or made a lump sum payment of $4,000,000 that was due September 10, 2024. At Powertron's request Astra has granted a 45-day extension for the closing for the reasons that Powertron is engaged in a more complex transaction than originally anticipated and the public listing may include not just the NEWCO but also the operating entity Powertron. As this is a larger, successful, operating entity, the offering will be larger than anticipated along with a potentially significant capital event, Astra feels providing full support of this transaction will ultimately deliver the greatest benefit to its shareholders. 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: September 16, 2024 By: /s/ Ronald W. Loudoun Ronald W. Loudoun CEO 3