T-REX Acquisition Corp. Files 8-K on Material Impairments
Ticker: TRXA · Form: 8-K · Filed: Aug 13, 2025 · CIK: 1437750
Sentiment: neutral
Topics: 8-k, material-impairment, company-name-change
TL;DR
TRXA 8-K filed: Material Impairments & Other Events reported. Big changes likely.
AI Summary
T-REX Acquisition Corp. filed an 8-K on August 13, 2025, reporting events as of August 12, 2025. The filing indicates "Material Impairments" and "Other Events" as key items. The company, formerly known as Trex Acquisition Corp., Sync2 Networks Corp, and Plethora Resources, Inc., is incorporated in Nevada and operates in Finance Services.
Why It Matters
This 8-K filing signals potential significant negative events or changes within T-REX Acquisition Corp., which could impact its financial health and stock value.
Risk Assessment
Risk Level: medium — The filing of an 8-K for 'Material Impairments' suggests potential financial distress or significant write-downs, warranting investor attention.
Key Players & Entities
- T-REX Acquisition Corp. (company) — Registrant
- August 12, 2025 (date) — Earliest event reported
- August 13, 2025 (date) — Date of report
- Trex Acquisition Corp. (company) — Former company name
- Sync2 Networks Corp (company) — Former company name
- Plethora Resources, Inc. (company) — Former company name
- Nevada (jurisdiction) — State of incorporation
FAQ
What specific events are classified as 'Material Impairments' for T-REX Acquisition Corp. as of August 12, 2025?
The provided text does not detail the specific nature of the 'Material Impairments', only that it is an item reported in the 8-K.
What are the 'Other Events' being reported by T-REX Acquisition Corp. in this 8-K filing?
The filing lists 'Other Events' as a category, but the specific details of these events are not included in the provided excerpt.
When was T-REX Acquisition Corp. previously known by other names, and what were they?
T-REX Acquisition Corp. was formerly known as Trex Acquisition Corp. (name change on 20140320), Sync2 Networks Corp (name change on 20090527), and Plethora Resources, Inc. (name change on 20080617).
What is the principal executive office address for T-REX Acquisition Corp.?
The principal executive office is located at 151 N. Nob Hill Road, Suite 402, Plantation, FL 33324.
What is the SIC code and industry for T-REX Acquisition Corp.?
The Standard Industrial Classification (SIC) code is 6199, and the industry is Finance Services.
Filing Stats: 758 words · 3 min read · ~3 pages · Grade level 13.3 · Accepted 2025-08-12 17:52:05
Key Financial Figures
- $75,000 — el component up to our insured limit of $75,000. We have already sourced (150) ASIC 270
- $23,000 — oss for the Company inasmuch as all but $23,000 had been written off in previous years
- $267,000 — due on the Note as of May 15, 2025, was $267,000, and the balance now, including late ch
- $325,000 — and penalty interest, is approximately $325,000. We are currently considering a number
Filing Documents
- trxa_8k.htm (8-K) — 23KB
- 0001477932-25-005726.txt ( ) — 127KB
- trex-20250812.xsd (EX-101.SCH) — 5KB
- trex-20250812_lab.xml (EX-101.LAB) — 13KB
- trex-20250812_cal.xml (EX-101.CAL) — 1KB
- trex-20250812_pre.xml (EX-101.PRE) — 8KB
- trex-20250812_def.xml (EX-101.DEF) — 2KB
- trxa_8k_htm.xml (XML) — 3KB
06 Material Impairments
Item 2.06 Material Impairments On July 23, 2025, our data center in Orofino, Idaho (the "Center") was burglarized resulting in the theft of sixty-six obsolescent and fully depreciated S19ASIC miners and a portion of the electrical panel that controls the flow of electricity to the various power distribution units. The Company anticipates a brief mining and co-location interruption while a new state-of-the-art electric panel is installed, to permit resumption of normal operations. We have filed an insurance claim for the replacement value of the stolen miners and the electrical panel component up to our insured limit of $75,000. We have already sourced (150) ASIC 270 TH miners and are presently seeking an equipment financing package. Additionally, we are working with local law enforcement in Idaho and Washington State in an effort to recover the stolen property. The stolen mining equipment does not represent a significant asset loss for the Company inasmuch as all but $23,000 had been written off in previous years and the remaining $23,000 (part of the recent Asset Purchase Agreement dated March 8, 2025) will be written off in our fourth quarter. Further, we do not anticipate any impairment charge. The stolen hardware was slated for replacement as part of the facility upgrade process to increase our mining capacity. While the final financial impact is still being assessed, the Company currently estimates that it will incur charges primarily related to: Costs of Recovery and Replacement: The Company anticipates incurring costs related to the investigation, potential recovery efforts, enhancing security measures, and ultimately, the replacement of the stolen equipment (which, as noted above, was already in the plan) These costs are difficult to estimate precisely at this time but are not expected to be substantial other than previously planned. Lost Revenue: The immediate cessation of operations for the stolen miners will result in a significant reduction in the
01 Other Events
Item 8.01 Other Events The promissory note (the "Note"), secured by a Deed of Trust on our Orofino data center matured on May 15, 2025. The principal amount due on the Note as of May 15, 2025, was $267,000, and the balance now, including late charges and penalty interest, is approximately $325,000. We are currently considering a number of proposals from lending sources to refinance the amount due. 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. T-REX ACQUISITION CORP. Date: August 12, 2025 By: /s/ Frank Horkey Name: Frank Horkey President 3