Kenilworth Systems Corp. Files 8-K with Key Agreements & Filings
Ticker: GAMG · Form: 8-K · Filed: Feb 7, 2025 · CIK: 55234
Sentiment: neutral
Topics: material-agreement, corporate-action, filing
TL;DR
KENILWORTH SYSTEMS CORP (KNSC) filed an 8-K on Feb 7th, reporting material agreements and corporate changes effective Feb 6th.
AI Summary
Kenilworth Systems Corp. filed an 8-K on February 7, 2025, reporting on events occurring on February 6, 2025. The filing indicates an entry into a material definitive agreement, amendments to its articles of incorporation or bylaws, and the submission of financial statements and exhibits. The company is based in Daytona Beach, FL, and was formerly known as Kenilworth Research & Development Corp.
Why It Matters
This 8-K filing signals significant corporate actions, including new agreements and potential changes to the company's structure or financial reporting, which could impact investors.
Risk Assessment
Risk Level: medium — The filing indicates material definitive agreements and amendments, which can introduce new risks or opportunities that are not yet fully understood.
Key Players & Entities
- KENILWORTH SYSTEMS CORP (company) — Registrant
- Daytona Beach, FL (location) — Company Address
- February 6, 2025 (date) — Earliest event reported
- February 7, 2025 (date) — Filing Date
- Kenilworth Research & Development Corp (company) — Former Company Name
FAQ
What is the nature of the material definitive agreement entered into by Kenilworth Systems Corp?
The filing does not specify the details of the material definitive agreement, only that one was entered into on February 6, 2025.
What specific amendments were made to Kenilworth Systems Corp's articles of incorporation or bylaws?
The filing indicates amendments were made but does not provide specific details on the nature of these changes.
What financial statements and exhibits are included with this 8-K filing?
The filing states that financial statements and exhibits are included, but their specific content is not detailed in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 6, 2025.
What was Kenilworth Systems Corp.'s former name?
Kenilworth Systems Corp. was formerly known as Kenilworth Research & Development Corp.
Filing Stats: 924 words · 4 min read · ~3 pages · Grade level 12.5 · Accepted 2025-02-07 17:18:21
Key Financial Figures
- $100,000,000 — regate appraised value of not less than $100,000,000, and equity of approximately $20,000,00
- $20,000,000 — 00,000,000, and equity of approximately $20,000,000. Prior to the Closing Date, the Compan
Filing Documents
- kens_8k.htm (8-K) — 26KB
- kens_ex101.htm (EX-10.1) — 31KB
- 0001477932-25-000792.txt ( ) — 178KB
- kens-20250206.xsd (EX-101.SCH) — 6KB
- kens-20250206_lab.xml (EX-101.LAB) — 13KB
- kens-20250206_cal.xml (EX-101.CAL) — 1KB
- kens-20250206_pre.xml (EX-101.PRE) — 8KB
- kens-20250206_def.xml (EX-101.DEF) — 2KB
- kens_8k_htm.xml (XML) — 3KB
01 Entry Into A Material Definitive Agreement
Item 1.01 Entry Into A Material Definitive Agreement. On February 6, 2025, the Company entered into an Agreement and Plan of Reorganization with DC Rental Portfolio LLC ("DC Rental"), to acquire 100% of the Membership Interests of DC Rental in exchange for 350,000,000 Shares of Common Stock of the Company. Organized pursuant to the laws of the District of Columbia, DC Rental through its subsidiaries owns or is in the process of acquiring various income producing residential housing units located in the District of Columbia. The Closing Date of this acquisition is expected on or before March 15, 2025, and on the Closing Date the properties owned by DC Rental will have an aggregate appraised value of not less than $100,000,000, and equity of approximately $20,000,000. Prior to the Closing Date, the Company will effectuate a change of its name to National Real Estate Ventures, Inc., a Wyoming Corporation. On the Closing Date, Mr. Richard Balles, the Managing Member of DC Rental, will become President and Chairman of the Board of Directors of the Company, and there will be a Change of Control of the Company. ABOUT DC RENTAL PORTFOLIO LLC: Through its subsidiaries, DC Rental is a real estate development company which is focused on providing affordable housing solutions for low to moderate income households, initially in the Washington, DC market. Its ongoing business strategy and vision is to develop affordable housing for all, notably people with disabilities, and our nation's military veterans. The housing sector in the Washington, D.C. Metropolitan area presents definitive opportunities to generate attractive, stable returns for shareholders. Affordable housing in this market tends to be more consistent across economic cycles and the current demand far exceeds supply. DC Rental intends to address the significant supply/demand imbalance by providing greater quality control over development and re-development of properties, and faster property lease-up. Our pro
03. Amendments to Articles of Incorporation or ByLaws; Change in Fiscal Year
Item 5.03. Amendments to Articles of Incorporation or ByLaws; Change in Fiscal Year. Effective March 1, 2025, the Company has amended its Articles of Incorporation with the State of Wyoming to change its name to National Real Estate Ventures, Inc. This Amendment was approved by the Board of Directors of the Company, and ratified and approved by holders of a majority of the Shares of Common Stock of the Company.
01. Financials Statements and Exhibits
Item 9.01. Financials Statements and Exhibits 10.1. Agreement and Plan of Reorganization with DC Rental Portfolio LLC dated February 6, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL Documents) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KENILWORTH SYSTEMS CORPORATION Date: February 6, 2025 By: /s/ Daniel Snyder Name: DANIEL SNYDER Title: Chief Executive Officer 3