DLT Resolution Inc. Files 8-K on Agreements and Officer Changes

TL;DR

DLT Resolution Inc. (DLTI) filed an 8-K detailing material agreements, asset changes, and officer updates from March 11.

AI Summary

DLT Resolution Inc. (formerly Hemcare Health Services Inc.) filed an 8-K on March 19, 2024, reporting on events that occurred on March 11, 2024. The filing indicates a material definitive agreement, completion of an acquisition or disposition of assets, and changes related to directors and officers, including compensatory arrangements. The company is incorporated in Nevada and its fiscal year ends on December 31.

Why It Matters

This 8-K filing signals significant corporate actions, including potential acquisitions or asset sales and changes in leadership, which could impact the company's strategic direction and financial performance.

Risk Assessment

Risk Level: medium — The filing indicates significant corporate actions like material definitive agreements and completion of acquisitions/dispositions, which can introduce both opportunities and risks.

Key Players & Entities

• DLT Resolution Inc. (company) — Registrant
• Hemcare Health Services Inc. (company) — Former Company Name
• NSU Resources Inc (company) — Former Company Name
• Bio-Carbon Solutions International Inc. (company) — Former Company Name
• March 11, 2024 (date) — Earliest event reported
• March 19, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $50,858,000 — a combined annual gross revenue of USD $50,858,000. Consideration for purchase The Purch
• $0.45 — 00 DLTI common shares, (on a average of $0.45/sh) to the Vendors, for the 12 month pe
• $4,250,000 — ll associated companies Gross Profit is $4,250,000 or more; and, 1,666,000 DLTI common sh
• $5,250,000 — all acquired companies Gross Profit is $5,250,000 or more. During the first 24 months fo
• $350,000,000 — the RapidFunds model, facilitating over $350,000,000 in post-settlement funding for law firm

Filing Documents

• dlti_8k.htm (8-K) — 38KB
• dlti_ex101.htm (EX-10.1) — 208KB
• 0001477932-24-001313.txt ( ) — 408KB
• dlti-20240311.xsd (EX-101.SCH) — 6KB
• dlti-20240311_lab.xml (EX-101.LAB) — 13KB
• dlti-20240311_cal.xml (EX-101.CAL) — 1KB
• dlti-20240311_pre.xml (EX-101.PRE) — 8KB
• dlti-20240311_def.xml (EX-101.DEF) — 2KB
• dlti_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement Acquisition of Global Motor Group of Companies On March 11, 2024, DLT Resolution Inc. (the " Company " or " we ") entered into and closed the transactions contemplated by the definitive share purchase agreement (share for share exchange) (the " Share Purchase Agreement ") by and among the Companies,Global Motor Trade LLC, Global Motor Trade International LLC, SJ Auto Trade LLC, WEC International LLC. and the beneficial owners of each entity (collectively referred to as"Vendors" or"Shareholders" all of which are all referenced in the agreement collectively as Global Motor Trade Group of Companies or as"GMTI"). About The Global Motor Group of Companies The Global Motor Trade Group of Companies, based in the United States, specializes in international vehicle, vehicle parts and equipment, and machinery and equipment, wholesale distribution and sale, with a primary focus on United States, Canada, Mexico, Southeast Asia, China, Europe, Dubai, Africa and worldwide. GMTI contribute a combined annual gross revenue of USD $50,858,000. Consideration for purchase The Purchase Price shall be satisfied in the following manner at Closing by issuing shares at a current value of .005 USD per share its current trading value on the Over the Counter market The issuance of DLT Resolution Shares in a number representing The Initial Purchase Price of the Transaction will be calculated as follow: 14% of the I/O shares of DLTI, represented by 6,020,000 shares in DLTI which shall be non dilutive up through the acquisition of 42% of the outstanding shares of Ciscom Corporation and any new (non transferred) shares issued to Drew Reid up through May 31, 2024, or by closing. Issued and outstanding which are expected to total approximately 55,000,000. The Vendors (GMTI) thereafter shall be issued such additional shares as to equal a total of 14% of the I/O shares of DLTI, represented by 6,020,000 shares in DLTI which shall be non dilut

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets The information in Item 1.01 set forth above is incorporated herein by reference. 3 Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 13, 2024 Charles Brofman was appointed Director, General Counsel and Secretary. , Mr. Brofman's extensive legal and entrepreneurial expertise is expected to significantly contribute to the company's growth and strategic vision. Information concerning Mr. Brofman follows: Charles Brofman (62) A distinguished graduate of Brooklyn College of the City University of New York and Fordham Law School, Mr. Brofman brings a wealth of experience to DLT Resolution Inc. His legal career includes serving as an Assistant District Attorney in Bronx County, New York, and handling over 8000 cases in civil and criminal courts. His reputation for handling high-profile cases underscores his deep understanding of legal complexities. He was in private practice as a trial attorney from September 1986 through 1998. Beyond his legal achievements, Mr. Brofman is renowned for his entrepreneurial ventures. As the CEO of Cybersettle, he revolutionized online dispute resolution with his patented double-blind bid method, utilized in over 200,000 disputes worldwide. He also spearheaded the RapidFunds model, facilitating over $350,000,000 in post-settlement funding for law firms. He has served as President of the North American Automobile Trade Association since 2017. In 2022, Mr. Brofman's successful acquisition of a majority of the shares of Cybersettle Holdings, Inc. further solidified his leadership in the industry. His entrepreneurial endeavors extend to the automotive sector, where he serves as Managing Member of Global Motor Trade International LLC and SJ Auto Trade LLC, entities recently acquired by DLT Resolution Inc. The Company's directors serve until the next annual meet

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 10.1 Share Purchase Agreement - Share for Share Exchange 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

Forward Looking Statements

Forward Looking Statements This Current Report on Form 8-K contains forward looking statements and are indicated by words such as "shall", "will" and other similar words or phrases. Actual events or results may differ materially from those described herein. Such forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including, but not limited to, the impact of the economic environment on the Company's customer base and the resulting uncertainties; changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new software, services and applications; difficulties or delays in absorbing and integrating acquired operations, technologies and personnel; loss of market share; pressure on resulting from competition; and inability to maintain certain marketing and distribution arrangements. 5 Signature(s) 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. DLT Resolution Inc. Date: March 11, 2024 By: /s/ Drew Reid Name: Drew Reid Title: President and Chief Executive Officer 6

View Full Filing

View this 8-K filing on SEC EDGAR