Panamera Holdings Corp. Enters Definitive Agreement, Completes Acquisition
Ticker: PHCI · Form: 8-K · Filed: Jan 22, 2025 · CIK: 1620749
| Field | Detail |
|---|---|
| Company | Panamera Holdings Corp (PHCI) |
| Form Type | 8-K |
| Filed Date | Jan 22, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, definitive-agreement
TL;DR
Panamera Holdings Corp. just made a big move - acquisition/disposition complete!
AI Summary
Panamera Holdings Corp. announced on January 17, 2025, that it has entered into a material definitive agreement and completed an acquisition or disposition of assets. The company, formerly known as Panamera Healthcare Corp, is incorporated in Nevada and headquartered in Houston, Texas.
Why It Matters
This filing indicates significant corporate activity for Panamera Holdings Corp., potentially involving mergers, acquisitions, or divestitures that could impact its business structure and future operations.
Risk Assessment
Risk Level: medium — The filing details a material definitive agreement and completion of an acquisition/disposition, which can introduce significant strategic and financial risks.
Key Players & Entities
- Panamera Holdings Corp. (company) — Registrant
- Panamera Healthcare Corp (company) — Former company name
- January 17, 2025 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- Houston, Texas (location) — Principal executive offices
FAQ
What type of material definitive agreement did Panamera Holdings Corp. enter into?
The filing states that Panamera Holdings Corp. entered into a material definitive agreement, but the specific details of the agreement are not provided in this summary.
What specific assets were acquired or disposed of by Panamera Holdings Corp.?
The filing indicates the completion of an acquisition or disposition of assets, but the nature and details of these assets are not specified in the provided text.
When was the material definitive agreement entered into and the acquisition/disposition completed?
The earliest event reported, which includes the entry into the material definitive agreement and the completion of the acquisition or disposition of assets, occurred on January 17, 2025.
What was Panamera Holdings Corp.'s former name?
Panamera Holdings Corp.'s former name was Panamera Healthcare Corp.
In which state is Panamera Holdings Corp. incorporated?
Panamera Holdings Corp. is incorporated in Nevada.
Filing Stats: 554 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2025-01-22 13:07:26
Filing Documents
- pnht_8k.htm (8-K) — 22KB
- 0001640334-25-000130.txt ( ) — 136KB
- pnht-20250117.xsd (EX-101.SCH) — 6KB
- pnht-20250117_lab.xml (EX-101.LAB) — 13KB
- pnht-20250117_cal.xml (EX-101.CAL) — 1KB
- pnht-20250117_pre.xml (EX-101.PRE) — 8KB
- pnht-20250117_def.xml (EX-101.DEF) — 2KB
- pnht_8k_htm.xml (XML) — 4KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On January 17, 2025, Panamera Holdings Corporation ("PHCI: or the "Company") and AusTex Aggregates, LLC agreed to discontinue the Purchase Agreement for Membership Interests (the "Purchase Agreement") from October 1, 2024. That agreement called for the exchange of 2,750,000 shares of restricted common stock from the treasury of PHCI for 100% of the Membership Interests of Mr. Chet Fazand in AusTex Aggregates LLC ("AA"). The agreement was subject to confirmatory due diligence and audit of AusTex for two fiscal years 2022 and 2023. In considering our accounting methodology and the timing of the audit of two years' records, PHCI and AA have mutually agreed to terminate this transaction and believe this decision is in the best interest of both parties moving forward. Furthermore, PHCI respectfully requests to be held harmless and indemnified from an past, present , or future liabilities associated with AA. In return, PHCI will hold AA harmless and indemnity from all past, present, and future liabilities associated with its activities. Both parties agree to refrain from making any disparaging remarks regarding the other. We believe maintaining a positive relationship is essential for both companies as we proceed in our respective directions.
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. 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: January 22, 2025 3