Hummingbird STAR Trust Files 13D on Karbon-X Corp.
Sentiment: neutral
Topics: ownership-change, sec-filing, 13d
Related Tickers: KARX
TL;DR
**KARX:** Hummingbird STAR Trust just filed a 13D. Ownership change incoming.
AI Summary
Hummingbird STAR Trust has filed a Schedule 13D regarding Karbon-X Corp. (KARX), indicating a change in beneficial ownership. The filing was made on August 30, 2024, with the date of the event requiring the filing being July 9, 2024. Hummingbird STAR Trust is located in Camana Bay, Cayman Islands.
Why It Matters
This filing signals a significant change in the ownership structure of Karbon-X Corp., potentially impacting its stock price and corporate strategy.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, which can introduce volatility.
Key Players & Entities
- Hummingbird STAR Trust (company) — Filing entity
- Karbon-X Corp. (company) — Subject company
- M. Richard Cutler (person) — Person authorized to receive notices
- Cutler Law Group, PC (company) — Legal representative
FAQ
What is the specific percentage of Karbon-X Corp. shares beneficially owned by Hummingbird STAR Trust?
The provided text does not specify the exact percentage of shares beneficially owned by Hummingbird STAR Trust.
What was the specific event on July 9, 2024, that triggered this 13D filing?
The provided text states July 9, 2024, as the 'Date of Event Which Requires Filing of This Statement' but does not detail the event itself.
What is the CUSIP number for Karbon-X Corp. common stock?
The CUSIP number for Karbon-X Corp. common stock is 19179P109.
Where is Karbon-X Corp. incorporated?
Karbon-X Corp. is incorporated in Nevada (NV).
What is the business address of Hummingbird STAR Trust?
The business address of Hummingbird STAR Trust is 94 Solaris Avenue, 2nd Floor, Camana Bay, KY1-1203.
Filing Stats: 807 words · 3 min read · ~3 pages · Grade level 9.7 · Accepted 2024-08-30 13:51:39
Filing Documents
- karx_sc13d.htm (SC 13D) — 30KB
- 0001477932-24-005394.txt ( ) — 32KB
Security and Issuer
Item 1. Security and Issuer. This Schedule 13D relates to the acquisition of shares of Common Stock (the "Shares") of Karbon-X Corp., whose principal executive offices are located at 910 7th Ave SW Calgary, AB, Canada T2P 3N8.
Identity and Background
Item 2. Identity and Background. Hummingbird STAR Trust is a Cayman Islands Trust. Its business address is 94 Solaris Avenue, 2 nd Floor, Camana Bay, Cayman Island KY1-1203. The Trustee is JTC (Cayman) Limited and Michael Halsey is authorized signatory, whose business addresss is the same as Hummingbird STAR Trust. The Trust is an investor. During the last five years, neither the Trust, nor any Trustee or Beneficiary has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), was not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Source and Amount of Funds or Other Consideration
Item 3. Source and Amount of Funds or Other Consideration. The Reporting Persons acquired the Shares in consideration for cash from working capital. CUSIP No. 19179P109 Page 4 of 5 Pages
Purpose of Transaction
Item 4. Purpose of Transaction. The Reporting Person acquired the Shares for investment purposes. The Reporting Person does not have any present plan or proposal as a stockholder which relates to, or would result in any action with respect to, the matters listed in paragraphs (b) through (j) of Item 4 of Schedule 13D.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer. The Reporting Person acquired its interest in the shares of common stock as follows: a. On July 9, 2024 the Reporting Person acquired 4,225,000 shares from Jason McCarroll, who had acquired the shares from the Company as an investment. b. During the past 60 days the Reporting Person has not otherwise bought or sold any securities on the open market or otherwise. As a result of this transaction, the Reporting Person currently beneficially owns 4,225,000 shares. Such shares aggregate approximately 5.2% of the issued and outstanding shares
Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. Not applicable.
Material to be Filed as Exhibits
Item 7. Material to be Filed as Exhibits. None. CUSIP No. 19179P109 Page 5 of 5 Pages
Signatures
Signatures After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated August 30, 2024 Hummingbird STAR Trust By: JTC (Cayman) Limited, Trustee By: /s/ Michael Halsey Michael Halsey, authorized signatory