My City Builders Files 8-K on Material Agreements & Acquisitions

TL;DR

MCB filed an 8-K detailing new deals and acquisitions - big moves ahead.

AI Summary

My City Builders, Inc. filed an 8-K on October 31, 2025, reporting several material events. These include entering into a material definitive agreement, completing an acquisition or disposition of assets, and the creation of a direct financial obligation. The company, formerly known as iMine Corp, Diamante Minerals, Inc., and OCONN Industries Corp, is incorporated in Nevada and based in Miami, Florida.

Why It Matters

This 8-K filing indicates significant corporate actions, including potential acquisitions and new financial obligations, which could impact the company's future operations and financial structure.

Risk Assessment

Risk Level: medium — The filing details material definitive agreements, acquisitions, and new financial obligations, which inherently carry risks associated with integration, financing, and operational changes.

Key Players & Entities

• My City Builders, Inc. (company) — Registrant
• iMine Corp (company) — Former Company Name
• DIAMANTE MINERALS, INC. (company) — Former Company Name
• OCONN INDUSTRIES CORP (company) — Former Company Name
• October 31, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $350,000.00 — sory note with the LLC in the amount of $350,000.00 (the " Note "). The Note has a 3-year t

Filing Documents

• jrvs_8k.htm (8-K) — 29KB
• jrvs_ex991.htm (EX-99.1) — 104KB
• jrvs_ex992.htm (EX-99.2) — 19KB
• jrvs_ex993.htm (EX-99.3) — 55KB
• jrvs_ex993img2.jpg (GRAPHIC) — 60KB
• 0001640334-25-001932.txt ( ) — 428KB
• jrvs-20251031.xsd (EX-101.SCH) — 5KB
• jrvs-20251031_lab.xml (EX-101.LAB) — 13KB
• jrvs-20251031_cal.xml (EX-101.CAL) — 1KB
• jrvs-20251031_pre.xml (EX-101.PRE) — 8KB
• jrvs-20251031_def.xml (EX-101.DEF) — 2KB
• jrvs_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement & Amendments

Item 1.01 Entry into a Material Definitive Agreement & Amendments On October 31, 2025, My City Builders, Inc., (the " Company ") entered into an Asset Purchase Agreement, (the " Agreement ") with, RAC Gadsden, LLC (the " LLC "). The LLC is wholly owned by RAC Real Estate Acquisition, Corp. (" RAC "), which is wholly owned by RAC Merger LLC, which owns 98.5% of the current issued and outstanding shares of the Company and is managed by the following officers and directors (the " Affiliates ") of the Company and RAC: Yolanda Goodell – interim chief executive officer and director of the Company, vice president and director of RAC. Francis Pettilloni – interim chief financial officer and director of the Company, chief operating officer and director or RAC. Frank Gillen – president and director of RAC. As a result of the Agreement, the Company acquired 4 acres of land in Glencoe, Alabama (the " Property ") in exchange for a secured promissory note with the LLC in the amount of $350,000.00 (the " Note "). The Note has a 3-year term and carries an interest rate of 9.5% per annum. The principal and interest are due at the conclusion of the 3-year term on October 30, 2028. The Company intends to construct up to 25 multi-family units in three phases starting with an 8-unit multi-family duplex development on the Property as phase one. Per the terms of the Agreement, if construction of the duplex development on the Property does not begin within one year of the Closing Date of the Agreement, that will be considered an Event of Default, as defined by in the Note, which may result in either: (i) the entire principal balance of the Note and all accrued and unpaid interest and costs would immediately become due and payable or (ii) the Company would be required to return ownership of the Property to the LLC.

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets The information set forth under Item 1.01 in this Current Report on Form 8-K is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 in this Current Report on Form 8-K is incorporated herein by reference.

06 Change in Shell Company Status

Item 5.06 Change in Shell Company Status The information set forth under Item 1.01 in this Current Report on Form 8-K is incorporated herein by reference. As a result of the Agreement, the Company is no longer a "shell company" as the term is defined in Rule 12b-2 under the Exchange Act. 2

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) The exhibits listed in the following Exhibit Index are filed as part of this report: Exhibit No. Description 99.1 Asset Purchase Agreement by and between My City Builders, Inc., and RAC Gadsden, LLC dated effective October 31, 2025. 99.2 Secured Promissory Note by and between My City Builders, Inc., and RAC Gadsden, LLC dated October 31, 2025. 99.3 Security Agreement by and between My City Builders, Inc., and RAC Gadsden, LLC dated effective October 31, 2025. 3

SIGNATURES

SIGNATURES Pursuant to the requirement of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. My City Builders, Inc. By /s/ Yolanda Goodell October 31, 2025 Yolanda Goodell Date Its: Interim Chief Executive Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR