HST Global, Inc. Files 8-K for Acquisition and Equity Sales
Ticker: HSTC · Form: 8-K · Filed: Nov 12, 2024 · CIK: 797564
| Field | Detail |
|---|---|
| Company | Hst Global, Inc. (HSTC) |
| Form Type | 8-K |
| Filed Date | Nov 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $250,000, $500,000, $150,000, $1,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, equity-sale, filing
Related Tickers: HSTC
TL;DR
HSTC filed an 8-K for an acquisition deal and equity sales. Big moves ahead.
AI Summary
On October 28, 2024, HST Global, Inc. entered into a Material Definitive Agreement related to an acquisition. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. The filing was made on November 12, 2024.
Why It Matters
This 8-K filing indicates significant corporate activity for HST Global, Inc., including a material definitive agreement for an acquisition and potential equity issuances, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — The filing involves a material definitive agreement for an acquisition and unregistered sales of equity, which can introduce financial and operational risks.
Key Numbers
- 000-15303 — SEC File Number (Identifies the specific filing for HST Global, Inc.)
- 73-1215433 — IRS Employer Identification No. (Tax identification number for HST Global, Inc.)
Key Players & Entities
- HST Global, Inc. (company) — Registrant
- October 28, 2024 (date) — Date of earliest event reported
- November 11, 2024 (date) — Date of Report
- November 12, 2024 (date) — Filing Date
- Nevada (jurisdiction) — State of Incorporation
- NT HOLDING CORP. (company) — Former Company Name
- ABSS CORP (company) — Former Company Name
- UNICO INC (company) — Former Company Name
FAQ
What is the nature of the Material Definitive Agreement reported?
The filing indicates an 'Entry into a Material Definitive Agreement' but does not specify the details of the agreement within the provided text, other than it being related to an acquisition.
What was the date of the earliest event reported in this 8-K?
The earliest event reported was on October 28, 2024.
When was this 8-K filing submitted to the SEC?
The filing was submitted on November 12, 2024.
What are the former names of HST Global, Inc. mentioned in the filing?
The former names mentioned are NT HOLDING CORP., ABSS CORP, and UNICO INC.
What are the main items reported in this 8-K filing?
The main items reported are Entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, and Financial Statements and Exhibits.
Filing Stats: 510 words · 2 min read · ~2 pages · Grade level 12.1 · Accepted 2024-11-12 09:25:07
Key Financial Figures
- $250,000 — 00,000 shares upon Amnion LLC achieving $250,000 in revenue within 12 months. 2,000,00
- $500,000 — 00,000 shares upon Amnion LLC achieving $500,000 in revenue within 24 months. In addit
- $150,000 — suance, HSTC has committed to providing $150,000 in operational cash advances to Amnion
- $1,000,000 — ncludes provisions for HSTC to secure a $1,000,000 investment in Amnion LLC within six mon
Filing Documents
- hstcform8-kamnionacquisition.htm (8-K) — 12KB
- ex10-1purchaseagreement.htm (EX-10) — 18KB
- 0001674796-24-000022.txt ( ) — 31KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On October 2, 2024, HST Global, Inc. ("HSTC"), a Nevada Corporation, entered into a Membership Interest Purchase Agreement (the "Agreement") with Amnion LLC, a Virginia limited liability company, pursuant to which HSTC acquired all of the membership interests in Amnion LLC (the "Interests"). The acquisition allows HSTC to enhance its business portfolio by integrating Amnion LLC's assets and operations into its strategic growth initiatives. Pursuant to the Agreement, HSTC will issue restricted stock as the purchase consideration. Specifically, 1,000,000 shares of restricted stock vested upon execution of the Agreement, with further vesting contingent upon Amnion LLC reaching specified revenue thresholds over the next 24 months, including the following: 2,000,000 shares upon Amnion LLC achieving $250,000 in revenue within 12 months. 2,000,000 shares upon Amnion LLC achieving $500,000 in revenue within 24 months. In addition to the stock issuance, HSTC has committed to providing $150,000 in operational cash advances to Amnion LLC for business continuity while the terms of the transaction are finalized. The Agreement also includes provisions for HSTC to secure a $1,000,000 investment in Amnion LLC within six months.
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities In connection with the acquisition of Amnion LLC, HSTC issued 5,000,000 shares of restricted common stock. The restricted stock will vest upon the achievement of revenue milestones as outlined in the Agreement, with resale restrictions for one year following the date of issuance.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibits The following Exhibits are included herein: Exhibit No. Description 10.1 Membership Interest Purchase Agreement between HST Global, Inc. and Amnion LLC, dated as of October 2, 2024.
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. HST Global, Inc. (Registrant) Dated: November 11, 2024 By: \s\ Mike Field President