Karbon-X Corp. Files 8-K for Material Agreement
Ticker: KARX · Form: 8-K · Filed: Oct 30, 2024 · CIK: 1729637
Sentiment: neutral
Topics: material-agreement, 8-k
TL;DR
Karbon-X (KARX) filed an 8-K for a new material agreement on Oct 25th.
AI Summary
Karbon-X Corp. filed an 8-K on October 30, 2024, reporting a material definitive agreement entered into on October 25, 2024. The filing also includes financial statements and exhibits. The company, formerly known as COCOLUV INC., is incorporated in Nevada and headquartered in Calgary, Alberta, Canada.
Why It Matters
This 8-K filing indicates Karbon-X Corp. has entered into a significant agreement, which could impact its business operations and future financial performance.
Risk Assessment
Risk Level: medium — An 8-K filing for a material definitive agreement suggests significant business developments that could carry inherent risks and opportunities.
Key Players & Entities
- Karbon-X Corp. (company) — Registrant
- October 25, 2024 (date) — Date of earliest event reported
- October 29, 2024 (date) — Date of Report
- October 30, 2024 (date) — Filing Date
- COCOLUV INC. (company) — Former Company Name
- Nevada (jurisdiction) — State of Incorporation
- Calgary, Alberta, Canada (location) — Principal Executive Offices
FAQ
What type of material definitive agreement did Karbon-X Corp. enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on October 25, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on October 25, 2024.
What is the principal executive office address for Karbon-X Corp.?
The principal executive offices are located at 510 5 Street SW, Suite 910, Calgary, AB, Canada, T2P 3S2.
What was Karbon-X Corp.'s former company name?
Karbon-X Corp. was formerly known as COCOLUV INC.
What is the filing date of this 8-K report?
This 8-K report was filed on October 30, 2024.
Filing Stats: 518 words · 2 min read · ~2 pages · Grade level 14.3 · Accepted 2024-10-30 06:00:50
Filing Documents
- karx_8k.htm (8-K) — 21KB
- karx_ex101.htm (EX-10.1) — 191KB
- karx_ex101img128.jpg (GRAPHIC) — 49KB
- karx_ex101img124.jpg (GRAPHIC) — 22KB
- karx_ex101img125.jpg (GRAPHIC) — 20KB
- karx_ex101img127.jpg (GRAPHIC) — 39KB
- 0001477932-24-006738.txt ( ) — 537KB
- karx-20241025.xsd (EX-101.SCH) — 6KB
- karx-20241025_lab.xml (EX-101.LAB) — 13KB
- karx-20241025_cal.xml (EX-101.CAL) — 1KB
- karx-20241025_pre.xml (EX-101.PRE) — 8KB
- karx-20241025_def.xml (EX-101.DEF) — 2KB
- karx_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement Effective October 25, 2024 entered into an Advertising & Promotional Agreement with the Oilers Entertainment Group Canada Corp. ("OEG") pursuant to which, among other advertising promotional features, the Karbon-X logo will be featured on the Oilers away jerseys for each road game through the 2026-27 season. The agreement also grants Karbon-X (i) a non-exclusive right to incorporate the logos of the Oilers in the Oilers home territory, (ii) arena digital signage for each Oilers home game, each Oil Kings home game and each event on the video walls that are part of the arena; (iii) an in-ice fixed sign displaying the Karbon-X logo, (iv) exposure on the two LED rings on the scoreboard, (v) virtual dasherboard advertising exposure both for home and away games; (vi) twenty ten second drop ins scheduled during the Oilers regionally televised regular season hockey games; (vii) slot virtual signage visible to television audiences for three minutes during game time; (viii) Oiler's E blasts in an e-newsletter communication promoting Oilers related consumer offers; (ix) digital social media support; (x) use of a suite for an oilers home game; and (xi) participation in the Oilers 50/50 raffle as a sponsor. The foregoing is qualified in its entirety by the precise terms of the Agreement, attached hereto as an Exhibit 10.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibits The following Exhibits are included herein: Exhibit No. Description 10.1 Advertising & Promotional Agreement by and between Oilers Entertainment Group Canada Corp and Karbon-X Project, Inc. dated as of October 25, 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. Karbon-X Corp. (Registrant) Dated: October 29, 2024 By: /s/ Chad Clovis Chief Executive Officer 3