Hubilu Venture Corp Files 8-K/A Amendment
Ticker: HBUV · Form: 8-K/A · Filed: Jul 3, 2024 · CIK: 1639068
Sentiment: neutral
Topics: amendment, material-agreement, asset-transaction
Related Tickers: HBUV
TL;DR
Hubilu Venture Corp filed an 8-K/A amendment on July 3rd, updating material agreements and asset deals from July 1st.
AI Summary
Hubilu Venture Corp filed an amendment (8-K/A) on July 3, 2024, to report on events occurring on July 1, 2024. The filing pertains to the entry into a material definitive agreement and the completion of an acquisition or disposition of assets. The company is incorporated in Delaware and its principal executive offices are located in Beverly Hills, California.
Why It Matters
This amendment provides updated information regarding significant corporate events, specifically a material definitive agreement and asset transactions, which could impact the company's future operations and financial standing.
Risk Assessment
Risk Level: medium — Amendments to 8-K filings often indicate a need for clarification or correction of previously reported material events, which can introduce uncertainty.
Key Players & Entities
- Hubilu Venture Corp (company) — Registrant
- July 1, 2024 (date) — Earliest event date
- July 3, 2024 (date) — Filing date
- Delaware (jurisdiction) — State of Incorporation
- Beverly Hills, California (location) — Principal Executive Offices
FAQ
What specific material definitive agreement was entered into by Hubilu Venture Corp?
The filing does not specify the details of the material definitive agreement, only that one was entered into on July 1, 2024.
What type of acquisition or disposition of assets was completed?
The filing indicates the completion of an acquisition or disposition of assets on July 1, 2024, but does not provide specific details about the assets or transaction.
Why was this Form 8-K filed as an amendment (8-K/A)?
This is an amendment to a previously filed report, indicating a need to update or correct information related to the reported events.
What is the business address of Hubilu Venture Corp?
The business address is 9777 Wilshire Blvd, Suite 804, Beverly Hills, CA 90212.
When is Hubilu Venture Corp's fiscal year end?
Hubilu Venture Corp's fiscal year ends on December 31.
Filing Stats: 982 words · 4 min read · ~3 pages · Grade level 11.9 · Accepted 2024-07-02 19:30:23
Key Financial Figures
- $670,000 — nue in Los Angeles. The acquisition for $670,000 closed on June 27, 2024. The foregoin
- $603,000 — is subject to two loans as follows: (1) $603,000 first position note owing by Mopane to
- $4,773.75 — only payable in monthly installments of $4,773.75 or more on the 1st day of each month be
- $175,000 — on, shall become due and payable. (2) A $175,000 second position note owing by Mopane to
- $875.00 — only payable in monthly installments of $875.00 or more on the 1st day of each month be
Filing Documents
- form8-ka.htm (8-K/A) — 49KB
- ex10-1.htm (EX-10.1) — 8KB
- ex10-1_001.jpg (GRAPHIC) — 378KB
- ex10-1_002.jpg (GRAPHIC) — 232KB
- ex10-1_003.jpg (GRAPHIC) — 334KB
- ex10-1_004.jpg (GRAPHIC) — 107KB
- ex10-1_005.jpg (GRAPHIC) — 47KB
- ex10-1_006.jpg (GRAPHIC) — 260KB
- ex10-1_007.jpg (GRAPHIC) — 249KB
- ex10-1_008.jpg (GRAPHIC) — 48KB
- 0001493152-24-026098.txt ( ) — 2544KB
- hbuv-20240701.xsd (EX-101.SCH) — 3KB
- hbuv-20240701_def.xml (EX-101.DEF) — 26KB
- hbuv-20240701_lab.xml (EX-101.LAB) — 35KB
- hbuv-20240701_pre.xml (EX-101.PRE) — 24KB
- form8-ka_htm.xml (XML) — 4KB
01 by reference
Item 1.01 by reference. Item 2.01 Completion of Acquisition of Assets. (a) On June 27, 2024, the Company, through its subsidiary, Mopane Investments, LLC, closed on the acquisition of the real property located at 1460 North Eastern Avenue in Los Angeles. The property was partially vacant at the time of purchase. The acquisition was for $670,000. The Mopane purchase is subject to two loans as follows: (1) $603,000 first position note owing by Mopane to LendingOne, LLC ("LendingOne"), whose terms of payments due were interest only, payable on unpaid principal at the rate of 9.50% per annum. Interest only payable in monthly installments of $4,773.75 or more on the 1st day of each month beginning on the 1st day of August 2024 and continuing until the 1st day of April 2025, at which time the entire principal balance together with interest due thereon, shall become due and payable. (2) A $175,000 second position note owing by Mopane to Belladonna Lily Investments, Inc. ("Belladonna"), whose terms of payments due were interest only, payable on unpaid principal at the rate of 6% per annum. Interest only payable in monthly installments of $875.00 or more on the 1st day of each month beginning on the 1st day of July 2024 and continuing until the 30th day of June 2029, at which time the entire principal balance together with interest due thereon, shall become due and payable. The foregoing description of the acquisition of the Eastern Agreement and the transaction contemplated thereby contained herein is qualified in its entirety by reference to the Eastern Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated into this
01 by reference
Item 1.01 by reference. 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. Dated: July 2, 2024 HUBILU VENTURE CORPORATION By: /s/ David Behrend Name: David Behrend Title: Chief Executive Officer 3 EXHIBIT INDEX Exhibit Number Description 10.1 Purchase Contract, Assignment, and Amendment among Mopane Investments, LLC and David A., Victor A., Paul A., and Edmund A. Garcia. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 4