Panamera Holdings Corp Completes Asset Acquisition
Ticker: PHCI · Form: 8-K · Filed: Oct 9, 2024 · CIK: 1620749
| Field | Detail |
|---|---|
| Company | Panamera Holdings Corp (PHCI) |
| Form Type | 8-K |
| Filed Date | Oct 9, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, material-definitive-agreement
TL;DR
Panamera Holdings Corp just bought some assets, filing shows.
AI Summary
Panamera Holdings Corp. announced on October 8, 2024, the completion of an acquisition of assets. The company, formerly known as Panamera Healthcare Corp, is incorporated in Nevada and headquartered in Houston, Texas. This filing is a current report under the Securities Exchange Act of 1934.
Why It Matters
The completion of an asset acquisition is a significant corporate event that could impact the company's future operations, financial performance, and strategic direction.
Risk Assessment
Risk Level: low — This filing is a standard 8-K reporting a completed asset acquisition, with no immediate indication of significant financial risk or unusual circumstances.
Key Players & Entities
- Panamera Holdings Corp (company) — Registrant
- Panamera Healthcare Corp (company) — Former company name
- October 8, 2024 (date) — Date of earliest event reported
- Houston, Texas (location) — Principal executive offices location
- Nevada (location) — State of incorporation
FAQ
What specific assets were acquired by Panamera Holdings Corp?
The filing does not specify the exact assets acquired, only that an acquisition of assets was completed on October 8, 2024.
What is the financial impact of this acquisition on Panamera Holdings Corp?
The filing does not provide details on the financial impact of the acquisition.
When was Panamera Holdings Corp formerly known as Panamera Healthcare Corp?
The company's name was changed from Panamera Healthcare Corp on September 26, 2014.
What is the primary business of Panamera Holdings Corp?
The company's Standard Industrial Classification is Services-Management Consulting Services [8742].
What is the purpose of this 8-K filing?
This 8-K filing is a current report pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934, reporting the entry into a material definitive agreement and the completion of an acquisition or disposition of assets.
Filing Stats: 578 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-10-08 18:03:39
Filing Documents
- pnht_8k.htm (8-K) — 22KB
- pnht_ex101.htm (EX-10.1) — 182KB
- 0001640334-24-001480.txt ( ) — 361KB
- pnht-20241008.xsd (EX-101.SCH) — 6KB
- pnht-20241008_lab.xml (EX-101.LAB) — 13KB
- pnht-20241008_cal.xml (EX-101.CAL) — 1KB
- pnht-20241008_pre.xml (EX-101.PRE) — 8KB
- pnht-20241008_def.xml (EX-101.DEF) — 2KB
- pnht_8k_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On August 8, 2024, Panamera Holdings Corporation ("PHCI: or the "Company") entered into a binding Purchase Agreement for Membership Interests (the "Purchase Agreement") with AusTex Aggregates LLC ("AA") and the owner of 100% of the issued and outstanding Membership Interests of AA, Chet Fazand, the Member. By the terms of the agreement, the parties closed the Purchase Agreement on October 1, 2024 with the exchange of 2,750,000 Shares of restricted common stock from the treasury of PHCI to the Member, Mr. Fazand and the delivery of 100% of the Membership Interests by Mr. Fazand to PHCI. AusTex Aggregates has been a key provider of aggregate to Fortune 100 companies, Texas Department of Transportation, and various government agencies. AA is an established and growing aggregates company located in the Austin, Texas area that specialize in producing geo-tech lab qualified flex-base and road base, pipe bedding gravels, drainage and ballast gravel, select fill, foundation fill screenings & crusher fines, rip-rap, embankment fill, topsoil, landscape boulders, made-to-order materials, purchase order fulfilled stockpiles and volume discount pricing.
01 Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.01.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The Company hereby files or furnishes, as applicable, the following exhibits: 10.1 Purchase Agreement dated August 8, 2024 99.1* Press Release dated as of August 20, 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. PANAMERA HOLDINGS CORPORATION /s/ T. Benjamin Jennings T. Benjamin Jennings President, Chief Executive Officer and Director Date: October 8, 2024 3