Astra Energy Enters Material Definitive Agreement
Ticker: ASRE · Form: 8-K · Filed: Nov 6, 2024 · CIK: 1231339
| Field | Detail |
|---|---|
| Company | Astra Energy, Inc. (ASRE) |
| Form Type | 8-K |
| Filed Date | Nov 6, 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-agreement, corporate-actions
TL;DR
Astra Energy just signed a big deal, filing an 8-K on Nov 6, 2024.
AI Summary
On November 6, 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 headquartered in Sarasota, Florida.
Why It Matters
This filing indicates a significant new contract or partnership for Astra Energy, Inc., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement is a significant event that can introduce new risks and opportunities, the nature of which is not yet detailed.
Key Players & Entities
- Astra Energy, Inc. (company) — Registrant
- November 6, 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
- Sarasota, Florida (location) — Principal executive offices
FAQ
What type of material definitive agreement did Astra Energy, Inc. enter into?
The filing states that Astra Energy, Inc. entered into a "Material Definitive Agreement" but does not specify the nature of the agreement in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on November 6, 2024.
What is Astra Energy, Inc.'s principal executive office address?
Astra Energy, Inc.'s principal executive offices are located at 1100 Benjamin Franklin Drive, Unit 802, Sarasota, Florida 34236.
What are 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.
In which state is Astra Energy, Inc. incorporated?
Astra Energy, Inc. is incorporated in Nevada.
Filing Stats: 483 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-11-06 11:17:58
Key Financial Figures
- $1,000,000 — has made the non-refundable payment of $1,000,000 to the Astra and created a NEWCO which
- $4,000,000 — ing of the NEWCO or made the payment of $4,000,000. On September 12, 2024, at Powertron's
Filing Documents
- asre_8k.htm (8-K) — 21KB
- 0001477932-24-006897.txt ( ) — 138KB
- asre-20241106.xsd (EX-101.SCH) — 6KB
- asre-20241106_lab.xml (EX-101.LAB) — 14KB
- asre-20241106_cal.xml (EX-101.CAL) — 1KB
- asre-20241106_pre.xml (EX-101.PRE) — 9KB
- asre-20241106_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 "). As per the Agreement , Powertron has made the non-refundable payment of $1,000,000 to the Astra and created a NEWCO which the Regreen Technologies Inc. patents will to be assigned to on closing. Powertron has not submitted a plan of arrangement for a public listing of the NEWCO or made the payment of $4,000,000. On September 12, 2024, at Powertron's request the Company granted a 45-day extension for the closing. At Powertron's request the Company has granted a second extension up until November 30, 2024. The Company feels its full support of this transaction will ultimately benefit it 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: November 6, 2024 By: /s/ Ronald W. Loudoun Ronald W. Loudoun CEO 3