Santo Mining Corp. Completes Acquisition
Ticker: GROO · Form: 8-K · Filed: Mar 11, 2025 · CIK: 1499275
| Field | Detail |
|---|---|
| Company | Santo Mining Corp. (GROO) |
| Form Type | 8-K |
| Filed Date | Mar 11, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, corporate-action, financial-statements
TL;DR
Santo Mining Corp. (now Groovy Company) just closed an acquisition.
AI Summary
On March 5, 2025, Santo Mining Corp. (now known as Groovy Company, Inc.) reported the completion of an acquisition. The filing also disclosed a material definitive agreement and provided financial statements and exhibits.
Why It Matters
This filing indicates a significant corporate event for Santo Mining Corp., signaling a change in its asset structure or business operations through the completion of an acquisition.
Risk Assessment
Risk Level: medium — Acquisitions can introduce integration challenges, financial risks, and strategic uncertainties that may impact the company's future performance.
Key Players & Entities
- Santo Mining Corp. (company) — Filer and former name
- Groovy Company, Inc. (company) — Current name of registrant
- March 5, 2025 (date) — Date of earliest event reported
FAQ
What was the nature of the material definitive agreement mentioned in the filing?
The filing mentions a material definitive agreement but does not provide specific details about its nature in the provided text.
What assets were acquired or disposed of in the completion of the acquisition?
The filing states the completion of an acquisition or disposition of assets but does not specify the assets involved.
When did the company officially change its name from Santo Mining Corp. to Groovy Company, Inc.?
The filing indicates the company is p/k/a (pre- viously known as) Santo Mining Corp. and reports events as of March 5, 2025, but does not specify the exact date of the name change.
What is the primary business of Groovy Company, Inc. (formerly Santo Mining Corp.)?
The Standard Industrial Classification code provided is 7372, which corresponds to SERVICES-PREPACKAGED SOFTWARE.
Where is Santo Mining Corp. (Groovy Company, Inc.) incorporated?
The company is incorporated in Wyoming (WY).
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on March 11, 2025 regarding SANTO MINING CORP. (GROO).