Innovative Payment Solutions Enters Material Definitive Agreement

TL;DR

IPS inked a big deal on Jan 22nd. Details to follow.

AI Summary

Innovative Payment Solutions, Inc. entered into a material definitive agreement on January 22, 2025. The company, formerly known as QPAGOS and Asiya Pearls, Inc., is incorporated in Nevada and has its principal executive offices in Carmel by the Sea, California.

Why It Matters

This filing indicates a significant new contract or partnership for Innovative Payment Solutions, Inc., which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — The filing is a standard 8-K for a material agreement, but the specific terms and financial implications are not yet disclosed, introducing some uncertainty.

Key Players & Entities

• Innovative Payment Solutions, Inc. (company) — Registrant
• QPAGOS (company) — Former company name
• Asiya Pearls, Inc. (company) — Former company name
• January 22, 2025 (date) — Date of earliest event reported
• Nevada (jurisdiction) — State of incorporation
• Carmel by the Sea, CA (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.0001 — anding share of common stock, par value $0.0001 per share, of Business Warrior (" Busin

Filing Documents

• ips-20250122.htm (8-K) — 39KB
• ips_ex99z1.htm (EX-99.1) — 0KB
• ips_ex99z1-0001.jpg (GRAPHIC) — 81KB
• 0001376474-25-000117.txt ( ) — 267KB
• ips-20250122_def.xml (EX-101.DEF) — 2KB
• ips-20250122_lab.xml (EX-101.LAB) — 14KB
• ips-20250122_pre.xml (EX-101.PRE) — 9KB
• ips-20250122.xsd (EX-101.SCH) — 2KB
• ips-20250122_htm.xml (XML) — 3KB

01 Termination of a Material Definitive Agreement

Item 1.01 Termination of a Material Definitive Agreement. Termination Agreement with Business Warrior The mutual agreement of Business Warrior Corporation ("BZWR") and Innovative Payment Solutions, Inc. ("IPSI"), to terminate the Agreement and Plan of Merger dated July 28, 2024, between BZWR and IPSI (the "Merger"). This decision reflects our shared understanding and agreement that discontinuing the merger is in the best interest of both parties. By signing below, both BZWR and IPSI acknowledge the termination of the Merger, and no further obligations or liabilities will be owed by either party as a result of this termination. Merger Agreement with Business Warrior Overview On July 28, 2024, Innovative Payment Solutions, Inc., a Nevada corporation (" IPSI "), entered into an Agreement and Plan of Merger (the " Merger Agreement "), by and among IPSI, IPSI Merger Sub, Inc., a Delaware corporation and a newly formed, wholly-owned subsidiary of IPSI (" Merger Sub ") and Business Warrior Corporation, a Wyoming corporation (" Business Warrior "). Pursuant to the Merger Agreement, subject to the terms and conditions set forth therein, at the closing of the transactions contemplated by the Merger Agreement (the " Closing "), Merger Sub will merge with and into Business Warrior (the " Merger " and, together with the other transactions contemplated by the Merger Agreement, the " Transactions "), with Business Warrior continuing as the surviving Wyoming corporation in the Merger and a wholly-owned subsidiary of IPSI.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 104 99.1 Cover Page Interactive Data File (embedded within the Inline XBRL document). Termination of the Merger Agreement letter Dated January 22, 2025 4

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INNOVATIVE PAYMENT SOLUTIONS, INC. Dated: January 22, 2025 By: /s/ William Corbett Name: William Corbett Title: Chairman and Chief Executive Officer 5

View Full Filing

View this 8-K filing on SEC EDGAR