ITEM 8.01-OTHER EVENTS
Registrant is pleased to announce that it is finally gearing up to raise capital to financially close certain targeted acquisitions that it was pursuing over a considerable period of time. Most of these targets are operational or ready to operate except one or two (names kept confidential) but even those plants will be ready in another 4-6 months to begin trial runs and start commercial production. Registrant opines that this is probably the best timing for it to financially close targeted acquisitions and move into operations as they are heavily discounted currently given the pandemic situations prevailing across. Acquiring at these low valuations with redefined operational standards will add deep value not just to the bottom line but its valuations for the Registrant and hence this initiation to quickly raise fund.
Registrant is pursuing the following targeted assets (acquisitions) for an immediate financial closure (mostly within the next 45-90 days time),
(a)
A
(b)
A
(c)
A
(d)
INR 540 Cr (US
(e)
TruJet Acquisition money and airline expansion into becoming a national carrier,
charter, cargo and medical services carrier will need INR 900 Cr (US
(f)
Gold & Rice Distribution as Wealth Management Product distribution in
(g)
Buying out 4,000 to 5,000 Acres (1,600 to 2,000 Hectares) of Coffee Plantations
from a coffee chain giant and retaining them as operational managers of the
Estate ~~ Capital Requirement INR 450 CR (US
(h)
Purchasing 77.77% Equity in the beleaguered companies, owned by DR
(i)
Buying equity (% unspecified for confidentiality reasons) in
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Total Capital Requirement is around INR 8,640 Cr (US
Registrant is further expecting to forward split its stock at least in 10:1
ratio to address market liquidity and price affordability on the floor.
Registrant is further aiming to move the stock onto NYSE listing once its
Registrant is considering to raise capital under Regulation S of the US
Securities Act 1933 as it is less complex, inexpensive and easy to raise with
its deep connectivity in
Registrant's equity structure under the proposed capital raise and forward split would be as follows: 1. Current Equity 6,900,000 shares 2. Shares considered to be added in exchange of 7,500,000 shares settlement of Debt, Creditors and other Liabilities 3. Executive Management Options (Additional stocks may 3,600,000 shares get added) 18,000,000 shares 4. Regulation S Shares to fund Project/Equity/Asset 6,000,000 shares Acquisitions TOTAL 24,000,000 shares Forward split considered 10:1
Post Split, Number of shares would be 240,000,000 shares
Expected Structuring. Registrant shall structure certain specific purpose vehicles into which investment money shall be organized for stock / Asset / Company Purchase, subject to due diligence, adherence to Regulation D & Regulation S guidelines or Reg S integrated with Reg A+ and obtaining of necessary approvals.
Transactions are expected to put the Registrant's market valuation around
Expected Closure. Due to global pandemic, there is complete uncertainty as to when the lockdown will be lifted. The terms are hence set forth to complete due diligence at the earliest date.
THERE IS NO GUARANTEE THAT THE TRANSACTIONS WILL CONSUMATE IF THE DUE DILIGENCE
FAILS FOR ANY REASON. THERE IS NO GUARANTEE THAT THE REGISTRANT WILL BE ABLE TO
SUCCESSFULLY ARRANGE MONIES AND CARRY THE TRANSACTIONS THROUGH CLOSURE. THERE IS
NO GUARANTEE THAT REGISTRANT WILL BE EARNING THE ANTICIPATED INCOME EVEN IF
TRANSACTION CLOSES SUCCESSFULLY. THERE IS NO GUARANTEE THAT SERVICE PROVIDER
WILL BE ABLE TO EFFICIENTLY STRUCTURE THE TRANSACTION. NEED MAY ARISE FOR THE
ENTITY ORGANIZED IN THE
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FAILURE TO CONCLUDE THE TRANSACTION, SHORTFALL OF ANTICIPATED CAPITAL RAISE, FAILURE TO GENERATE INCOME, AND ANY INEFFICIENT STRUCTURING OR VALUATION INCORRECTNESS BY THE ADVISORS SHALL MEAN LOSS OF TIME, MONEY, RESOURCES AND OPPORTUNITY INVESTMENT LOSS, VALUE AND INCOME THAT THE REGISTRANT OTHERWISE WOULD GAIN IF IT PURSUES SOME OTHER TRANSACTIONS. IT WOULD ALSO MEAN COMPLETE LOSS OF CAPITAL, INCOME AND OTHER OPPORTUNITY EARNINGS FOR THE INVESTORS.
ANY BUSINESS WILL BE SUBJECT TO RISKS AND THOUGH THE REGISTRANT MAY INTEND TO FORESEE ALL SUCH RISKS FOR MITIGATION, THERE IS A POSSIBILITY THAT CERTAIN RISKS MAY ESCAPE FORESIGHT IN THE CONDUCT OF THE TRANSACTION NOTIFIED THROUGH THIS FILING.
THERE IS NO GUARANTEE THAT MARKET VAUATION WILL HOLD GOOD AND MAY IN FACT BE LOWER THAN ACTUAL CASH INVESTMENTS.
There may be material, seen/foreseen/unseen, listed/unlisted business, management, operations, geographic, economic, financial, legal, technical and other risks associated with the assets and the conduct of business itself even if the Registrant follows enough care in mitigating such risks for conclusion of transaction. Registrant and its affiliates, customers, investors, vendors and any other persons associated with the Registrant including common shareholders and public in interest may have server impact due to the effects that these risks may influence upon the Registrant in its conduct and operations.
FORWARD LOOKING STATEMENTS
This Report on Form 8-K includes both historical and forward-looking statements, which includes information relating to future events, future financial performance, strategies, expectations, competitive environment and regulations. Words such as "may," "shall", "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "intending", "contemplating", "plans," "believes," "estimates," "hopefully" and similar expressions, as well as statements in future tense, present and past continuing, identify forward-looking statements. Such statements are intended to operate as "forward-looking statements" of the kind permitted by the Private Securities Litigation Reform Act of 1995, incorporated in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). That legislation protects such predictive statements by creating a "safe harbor" from liability in the event that a particular prediction does not turn out as anticipated. Forward-looking statements should not be read as a guarantee of future performance or results and will probably not be accurate indications of when such performance or results will be achieved. Forward-looking statements are based on information we have when those statements are made, or on our management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.
The inclusion of the forward-looking statements should not be regarded as a representation by us, or any other person, that such forward-looking statements will be achieved. You should be aware that any forward-looking statement made by us in this Report on Form 8-K, or elsewhere, speaks only as of the date on which we make it. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on the forward-looking statements contained in this Report on Form 8-K.
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