X1 Capital Inc. Reports Key Corporate Events
| Field | Detail |
|---|---|
| Company | X1 Capital Inc. |
| Form Type | 8-K |
| Filed Date | Aug 25, 2025 |
| Risk Level | medium |
| Pages | 11 |
| Reading Time | 13 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-governance, officer-changes, director-changes
TL;DR
X1 Capital Inc. filed an 8-K detailing new agreements, board changes, and officer appointments.
AI Summary
X1 Capital Inc. filed an 8-K on August 25, 2025, reporting events as of August 22, 2025. The filing indicates an entry into a material definitive agreement, a departure of directors or certain officers, the election of directors, the appointment of certain officers, and the submission of matters to a vote of security holders. Specific details regarding the nature of the agreement, the individuals involved, and the outcomes of the vote were not fully disclosed in the provided text.
Why It Matters
This 8-K filing signals significant changes in X1 Capital Inc.'s corporate governance and strategic agreements, which could impact its future operations and shareholder value.
Risk Assessment
Risk Level: medium — The filing indicates material definitive agreements and changes in directors/officers, which can introduce uncertainty and potential risks.
Key Players & Entities
- X1 Capital Inc. (company) — Registrant
- August 22, 2025 (date) — Date of earliest event reported
- August 25, 2025 (date) — Filing date
- Maryland (jurisdiction) — State of incorporation
- 7136147755 (phone_number) — Registrant telephone number
FAQ
What is the nature of the material definitive agreement entered into by X1 Capital Inc.?
The provided text states that X1 Capital Inc. entered into a material definitive agreement, but the specific details of this agreement are not disclosed in the excerpt.
Who are the directors or officers departing from X1 Capital Inc.?
The filing indicates the departure of directors or certain officers, but the names of these individuals are not specified in the provided text.
Who has been elected as new directors or appointed as officers at X1 Capital Inc.?
The filing reports the election of directors and appointment of certain officers, but their identities are not detailed in the excerpt.
What matters were submitted to a vote of security holders?
The 8-K filing notes that matters were submitted to a vote of security holders, but the specific proposals or outcomes are not mentioned in the provided text.
What is the principal executive office address for X1 Capital Inc.?
The principal executive offices of X1 Capital Inc. are located at 6637 S Winding Brook Dr., Fairhope, AL 36532.
Filing Stats: 3,199 words · 13 min read · ~11 pages · Grade level 16.4 · Accepted 2025-08-22 19:03:14
Filing Documents
- form8k08222025v1.htm (8-K) — 45KB
- 0001999538-25-000011.txt ( ) — 46KB
01
Item 1.01 Entry into Material Definitive Agreement On August 21, 2025, with 100% shareholder approval, the Company entered into an Administration Agreement with Growth Lending LLC.
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. At the meeting, 100% of the Shareholders approved Edward Hatfield as an independent Board Member. Edward Hatfield is co-CEO at UK firm Operations.Finance. Prior to this, Mr. Hatfield served as Group CFO at BOOST&Co and Growth Lending in the UK. Before this, Mr. Hatfield was a financial controller for Grainmarket Asset Management LLP and Xchanging PLC. Mr. Hatfield received his Bachelors of Science in Accounting and Finance from the University of Bristol. Mr. Hatfield holds his ACA from ICAEW. Concurrent with this, James Hickey stepped down as a Board Member. Mr. Hickey will stay on as CEO of the Company.
07
Item 5.07. Submission of Matters to Vote of Securities Holders On August 21, 2025, 100% of shareholders of the "Company" approved the following: The Administration Agreement (Exhibit 10.1) The Company to start directly paying for expenses. Approval to end this fiscal year effective June 30, 2025. The new fiscal year will start on July 1, 2025, and the Company will file a partial year 10K for 2025. Approval of Edward Hatfield as an independent Board Member
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Administration Agreement, dated August 21, 2025
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. Date: August 22, 2025 X1 Capital Inc. By: /s/ James Hickey Name: James Hickey Title: CEO Exhibit 10.1: Administration Agreement, dated August 21, 2025 ADMINISTRATION AGREEMENT This Administration Agreement ("Agreement") is made as of August 21, 2025, by and between X1 Capital Inc., a Maryland corporation (the "Company"), and Growth Lending LLC, a Georgia limited liability company (the "Administrator"). Growth Lending GP LLC will also serve as the adviser ("Advisor"), per the Investment Management Agreement to be signed ("IMA") when approved by shareholders. WITNESSETH: WHEREAS, the Company is a closed-end management investment fund that is regulated as a business development company under the Investment Company Act of 1940, as amended (the "Investment Company Act"); and WHEREAS, the Company desires to retain the Administrator to provide administrative services to he Company in the manner and on the terms hereinafter set forth; and WHEREAS, the Administrator is willing to provide administrative services to the Company on the terms and conditions hereinafter set forth. NOW, THEREFORE, in consideration of the premises and the covenants hereinafter contained and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the Company and the Administrator hereby agree as follows: 1. Duties of the Administrator (a) Employment of Administrator. The Company hereby employs the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company (the "Board"), for the period and on the terms and conditions set forth in this Agreem