Kuber Resources Corp. Files 8-K for Material Agreement

TL;DR

Kuber Resources Corp. signed a big deal on 9/30/24, filing an 8-K.

AI Summary

Kuber Resources Corp. entered into a material definitive agreement on September 30, 2024. The filing also includes financial statements and exhibits related to this agreement. The company was formerly known as UONLIVE CORP, CHINA WORLD TRADE CORP, and TXON INTERNATIONAL DEVELOPMENT CORP.

Why It Matters

This filing indicates a significant new agreement for Kuber Resources Corp., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, and the specifics of this agreement are not detailed in the provided text.

Key Players & Entities

• Kuber Resources Corp. (company) — Registrant
• UONLIVE CORP (company) — Former company name
• CHINA WORLD TRADE CORP (company) — Former company name
• TXON INTERNATIONAL DEVELOPMENT CORP (company) — Former company name
• September 30, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ares of Company common stock, par value $0.001 per share (the "Common Shares") which,
• $130 million — tively, shall be equal to approximately $130 million USD at an agreed upon price per share o
• $4.80 — SD at an agreed upon price per share of $4.80 USD (the "Share Price"). The number of

Filing Documents

• y10152408k.htm (8-K) — 27KB
• ex2_1.htm (EX-2.1) — 33KB
• ex2_2.htm (EX-2.2) — 42KB
• 0001214659-24-017547.txt ( ) — 282KB
• kubr-20240930.xsd (EX-101.SCH) — 3KB
• kubr-20240930_lab.xml (EX-101.LAB) — 33KB
• kubr-20240930_pre.xml (EX-101.PRE) — 24KB
• y10152408k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement Acquisition Agreement with Gongfa Materials Co., Limited. On September 30, 2024, Kuber Resources Corporation (the "Company" or "KUBR"), and its wholly owned subsidiary Kuber Resources (Guangdong) Co., Limited ("Kuber Guangdong") entered into an Acquisition Agreement (the "Acquisition Agreement") with Gongfa Materials Co., Limited , a Chinese corporation, ("Gongfa"), and the shareholders of Gongfa (the "Shareholders"). Gongfa is a manufacturer of engineered wood products. Pursuant to the Acquisition Agreement, the Shareholders agreed to sell 100% of the issued and outstanding shares of Gongfa to Kuber Guangdong in exchange for the issuance of such number of shares of Company common stock, par value $0.001 per share (the "Common Shares") which, collectively, shall be equal to approximately $130 million USD at an agreed upon price per share of $4.80 USD (the "Share Price"). The number of Common Shares issuable at closing is subject to receipt by the Company within 14 to 45 days of September 30, 2024 of a valuation report supporting the value of Gongfa ("Valuation Report"). In the event of a disagreement on the value set forth in the Valuation Report the parties shall receive a third-party valuation and negotiate in good faith to arrive at mutually agreeable value. The issuance of Common Shares shall occur no less than 45 days after receipt of the Valuation Report. Upon issuance at the present valuation, the Common Shares shall represent approximately 20% of the total issued and outstanding shares of common stock of the Company, based upon the shares outstanding as of September 30, 2024. The transactions contemplated by the Acquisition Agreement and Exchange Agreement (defined below) are expected to close during fourth quarter 2024, subject to the satisfaction of customary closing conditions. Other than the foregoing, there are no other material relationships between the Company or its affiliates and Gongfa or i

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 2.1 Acquisition Agreement, dated September 30, 2024 2.2 Equity Exchange Agreement, dated September 30, 2024 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. October 15, 2024 Kuber Resources Corporation /s/ Raymond Fu By: Raymond Fu Title: Director -3-

View Full Filing

View this 8-K filing on SEC EDGAR