CoJax Oil & Gas Corp Amends Filing for Acquisition Disclosures
Ticker: CJAX · Form: 8-K/A · Filed: Jan 14, 2025 · CIK: 1763925
Sentiment: neutral
Topics: amendment, acquisition, financial-statements
TL;DR
CoJax Oil & Gas Corp finally filed the missing acquisition financials and adjusted stock valuation from their August 29, 2024 deal.
AI Summary
CoJax Oil & Gas Corp filed an 8-K/A amendment on January 14, 2025, to provide omitted disclosures related to an acquisition that occurred on August 29, 2024. The amendment includes required financial statements for the acquisition and reflects an adjusted valuation of the company's common stock issued as consideration.
Why It Matters
This amendment provides crucial financial details and valuation adjustments for a past acquisition, offering investors a clearer picture of the company's financial standing and the transaction's impact.
Risk Assessment
Risk Level: medium — Amendments to 8-K filings, especially those correcting omissions related to material events like acquisitions, can indicate past reporting oversights or complexities in the transaction itself.
Key Numbers
- 000-56386 — SEC File Number (Identifies the company's filings with the SEC.)
- 46-1892622 — IRS Number (Company's tax identification number.)
Key Players & Entities
- CoJax Oil & Gas Corp (company) — Registrant
- August 29, 2024 (date) — Date of earliest event reported
- January 14, 2025 (date) — Date of Report (Amendment Filing Date)
- Virginia (location) — State of Incorporation
FAQ
What specific disclosures were omitted from the original 8-K report?
The amendment provides disclosures required under Items 1.01 (Entry into a Material Definitive Agreement), 2.01 (Completion of Acquisition or Disposition of Assets), and 9.01 (Financial Statements and Exhibits) of Form 8-K.
What was the original date of the event being reported on?
The earliest event reported on was August 29, 2024.
What is the purpose of this 8-K/A filing?
The purpose is to provide omitted disclosures for a material definitive agreement and the completion of an acquisition, along with required financial statements and to reflect an adjusted valuation of the company's common stock.
What is the adjusted valuation mentioned in the filing?
The filing mentions an adjusted valuation of the shares of the Company's common stock issued in consideration of the Acquisition.
Where is CoJax Oil & Gas Corp incorporated and headquartered?
CoJax Oil & Gas Corp is incorporated in Virginia and its business address is in Arlington, VA.
Filing Stats: 848 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2025-01-13 18:04:27
Key Financial Figures
- $0.01 — e shares of the Company's common stock, $0.01 par value per share (the "Common Stock"
- $2.00 — l Report), at the adjusted valuation of $2.00 per share (the "Shares"). The Acquisiti
Filing Documents
- g084435_8ka.htm (8-K/A) — 40KB
- g084435_ex10-1.htm (EX-10.1) — 290KB
- g084435_ex23-1.htm (EX-23.1) — 10KB
- g084435_ex23-2.htm (EX-23.2) — 5KB
- g084435_ex99-1.htm (EX-99.1) — 76KB
- img001.jpg (GRAPHIC) — 80KB
- img002.jpg (GRAPHIC) — 85KB
- img003.jpg (GRAPHIC) — 173KB
- img004.jpg (GRAPHIC) — 164KB
- img005.jpg (GRAPHIC) — 182KB
- img006.jpg (GRAPHIC) — 7KB
- img007.jpg (GRAPHIC) — 170KB
- img008.jpg (GRAPHIC) — 158KB
- img009.jpg (GRAPHIC) — 80KB
- img010.jpg (GRAPHIC) — 167KB
- img011.jpg (GRAPHIC) — 81KB
- img012.jpg (GRAPHIC) — 13KB
- img013.jpg (GRAPHIC) — 8KB
- 0001753926-25-000083.txt ( ) — 2521KB
- cik0001763925-20240829.xsd (EX-101.SCH) — 3KB
- cik0001763925-20240829_lab.xml (EX-101.LAB) — 33KB
- cik0001763925-20240829_pre.xml (EX-101.PRE) — 22KB
- g084435_8ka_htm.xml (XML) — 4KB
Financial Statements of Businesses Acquired
Financial Statements of Businesses Acquired. The Exhibit 99.1 hereto and incorporated herein by reference. (b) Exhibits. Exhibit Number Exhibit 10.1 Assignment and Bill of Sale effective, July 1, 2024, by and between Liberty Operating, LLC and Barrister Energy LLC 23.1 Report of Independent Registered Public Accounting Firm 23.2 Consent of Independent Petroleum Engineer – Anchor Oil & Gas, LLC 99.1 and Direct Operating Expenses of the Acquired Assets for the year ended December 31, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. COJAX OIL AND GAS CORPORATION Date: January 13, 2025 By: /s/ William Downs William Downs Chief Executive Officer