Ilustrato Pictures Reports Material Agreement & Asset Transaction

TL;DR

**Ilustrato Pictures announced a material agreement and asset transaction on Feb 23, but the filing provides zero details, leaving investors in the dark.**

AI Summary

Ilustrato Pictures International Inc. filed an 8-K on February 27, 2024, reporting events that occurred on February 23, 2024. These events include the entry into a material definitive agreement and the completion of an acquisition or disposition of assets. However, the provided filing excerpt does not disclose specific names of parties involved, the nature of the assets, or any financial terms associated with these transactions.

Why It Matters

The undisclosed material agreement and asset transaction could significantly impact Ilustrato Pictures International Inc.'s financial health and strategic direction, but without specific details, investors face considerable uncertainty regarding the nature and implications of these corporate actions.

Risk Assessment

Risk Level: high — The filing indicates significant corporate actions (material agreement, asset acquisition/disposition) without providing any specific details, creating high uncertainty and potential risk for investors.

Key Players & Entities

• Ilustrato Pictures International Inc. (company) — registrant
• Superior Venture Corp (company) — former name of registrant
• February 23, 2024 (date) — date of earliest event reported
• February 27, 2024 (date) — filing date

FAQ

Filing Documents

• ea0200598-8k_ilustrato.htm (8-K) — 33KB
• ea0200598ex10-20_ilustrato.htm (EX-10.20) — 58KB
• 0001213900-24-017265.txt ( ) — 268KB
• ilus-20240223.xsd (EX-101.SCH) — 3KB
• ilus-20240223_lab.xml (EX-101.LAB) — 33KB
• ilus-20240223_pre.xml (EX-101.PRE) — 22KB
• ea0200598-8k_ilustrato_htm.xml (XML) — 3KB

01 Entry Into A Material Definitive Agreement

Item 1.01 Entry Into A Material Definitive Agreement. On February 23, 2024, Ilustrato Pictures International, Inc., a Nevada corporation (the "Company") entered into a Stock Purchase Agreement (the "SPA") with Samsara Luggage Inc., a Nevada corporation which is owned 71.1% by the Company ("SAML"). Simultaneous with the execution and delivery of the SPA, the Company sold to SAML all its equity interests in seven companies owned by the Company – Firebug Mechanical Equipment LLC Georgia Fire & Rescue Supply LLC Bright Concept Detection and Protection System LLC Bull Head Products Inc E-Raptor The Vehicle Converters AL Shola Al Modea Safety and Security LLC, the only entity in which the Company does not own 100% but only 51% of the membership interests. The disposition by the Company of the shares it held in these companies, referred to by the Company as the Emergency Response Technologies "ERT". The consideration for the sale of the equity interests in the foregoing companies was paid by SAML by the issuance of 350,000 restricted shares of Series B stock of SAML and further milestone payment/s should applicable performance targets referenced in Exhibit B be achieved. As a result, the Company now owns 89.1% of the SAML's voting rights. Given the related party nature of the transaction, neither party provided representations and warranties customary of a sale of operating companies. The foregoing description of the SPA is not complete and is qualified in its entirety by reference to the text of the SPA, which is filed as Exhibit 10.20 hereto and which is incorporated herein by reference. Section 2 – Financial Information

01. Completion

Item 2.01. Completion of Acquisition or Disposition of Assets. The information contained in Item 1.01 above is incorporated herein by reference into this

01

Item 2.01. Cautionary Note Regarding Forward-Looking This filing includes "forward-looking statements." All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect the Company's operations, financial performance, and other factors as discussed in the Company's filings with the Securities and Exchange Commission ("SEC"). Among the factors that could cause results to differ materially are those risks discussed in the periodic reports the Company files with the SEC. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading "Risk Factors." The Company does not undertake any duty to update any forward-looking statement except as required by law.] 1 Section 9 – Financial Statements and Exhibits

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.20 Stock Purchase Agreement dated February 23, 2024, by and between Ilustrato Pictures International, Inc. and Samsara Luggage, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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. Ilustrato Pictures International, Inc. /s/ Nicolas Link Nicolas Link, CEO Date: February 27, 2024 3

View Full Filing

View this 8-K filing on SEC EDGAR