SRIVARU Holding Ltd Enters Purchase Agreement

TL;DR

SRIVARU Holding Ltd signed a deal with Ionic Ventures, LLC on July 1st. Details TBD.

AI Summary

On July 1, 2024, SRIVARU Holding Limited entered into a Purchase Agreement with Ionic Ventures, LLC. This agreement outlines the terms and conditions under which the company will acquire assets or services from Ionic Ventures. The filing does not specify the exact nature of the purchase or any associated dollar amounts.

Why It Matters

This filing indicates a new commercial relationship or acquisition for SRIVARU Holding Ltd, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The filing is a 6-K, which typically contains limited financial information and focuses on material events, making it difficult to fully assess the risk without more context on the agreement's terms.

Key Players & Entities

• SRIVARU Holding Limited (company) — Filer and party to the agreement
• Ionic Ventures, LLC (company) — Counterparty to the Purchase Agreement
• July 1, 2024 (date) — Date the Purchase Agreement was entered into

FAQ

Key Financial Figures

• $25,000,000 — res to purchase up to an aggregate of US$25,000,000 of ordinary shares of the Company, par
• $0.01 — dinary shares of the Company, par value $0.01 per share (the “Ordinary Shares&r
• $250,000 — s to purchase any amount no less than US$250,000 and no greater than US$1,000,000 of our
• $1,000,000 — s than US$250,000 and no greater than US$1,000,000 of our Ordinary Shares per trading day,
• $0.10 — on the Nasdaq Global Market is below US$0.10. We will control the timing and amount
• $25,000 — ary Shares equal to the greater of: (i) $25,000 per Trading Day each month, and (ii) 17
• $6,000,000 — wever, that if we have sold less than US$6,000,000 worth of Purchase Shares to Ionic Ventu
• $300,000 — o Ionic Ventures a termination fee of US$300,000, which is payable, at our option, in ca
• $5,000 — an amount not to exceed an aggregate of $5,000. The Company owes Maxim a total of $50,
• $50,000 — ,000. The Company owes Maxim a total of $50,000 from the gross proceeds of $1,000,000 d
• $720,000 — ligated to pay Maxim cash fees of up to $720,000, assuming the remaining $24,000,000 of
• $24,000,000 — up to $720,000, assuming the remaining $24,000,000 of Purchase Shares are issued pursuant

Filing Documents

• form6-k.htm (6-K) — 35KB
• ex10-1.htm (EX-10.1) — 348KB
• ex10-2.htm (EX-10.2) — 124KB
• ex10-3.htm (EX-10.3) — 64KB
• 0001493152-24-026532.txt ( ) — 573KB

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 thereunto duly authorized. SRIVARU Holding Limited Date: July 8, 2024 By: /s/ Mohanraj Ramasamy Mohanraj Ramasamy Chief Executive Officer and Director

View Full Filing

View this 6-K filing on SEC EDGAR