WeTheMarket
1 year ago
Form 8-K
September 13, 2023
https://last10k.com/sec-filings/COUV/0001654954-23-011827.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=8K&utm_term=COUV
Item 1.01 Entry into a Definitive Material Agreement
Securities Purchase Agreement
Effective July 28, 2023, Corporate Universe, Inc. (the “Company”) entered into a Securities Purchase Agreement with an accredited investor (“Buyer”) under which Buyer agreed to purchase up to $1,500,000 in 10% promissory notes (“Notes”) from the Company. The Notes bear interest at a rate of 10% per annum and have a 1-year term. In connection with the purchase of a Note, Buyer will also receive shares (“Shares”) of the Company’s common stock, par value $0.0001 per share (“Common Stock”) in an amount equal to twenty five percent (25%) of the principal amount of the Note subscribed for by Buyer divided by $0.01. On or about July 31, 2023, Buyer funded $500,000 to the Company for an initial closing of Notes and Shares, at which time the Company issued Buyer a Note for $500,000 and 12,500,000 Shares. On or about August 31, 2023, Buyer funded an additional $1,000,000 to the Company for a subsequent closing of Notes and Shares, at which time the Company issued Buyer a Note for $1,000,0000 and 25,000,000 Shares. The proceeds received at the initial and subsequent closing were used for working capital and general corporate purposes. The issuance of the Notes and the Shares were exempt under Rule 506(b) of the Securities Act of 1933, as amended.
The foregoing does not purport to be a complete description of each of the Notes and the Securities Purchase Agreement and is qualified in its entirety by reference to the full text of the Notes and the Securities Purchase Agreement, which are filed as Exhibits 4.1 and 10.1, to this Current Report on Form 8-K and incorporated herein by reference.
WeTheMarket
1 year ago
Form 8-K
August 9, 2023
https://fintel.io/doc/sec-corporate-universe-inc-1450307-8k-2023-august-09-19578-199
Item 1.01 Entry into a Definitive Material Agreement
Effective August 2, 2023, Corporate Universe, Inc. (the “Company”) entered into a Contribution and Exchange Agreement (“Contribution Agreement”) with its wholly-owned subsidiary, Carbon-Ion Energy, Inc. (“Carbon-Ion”), whereby in consideration of the Company’s transfer of its remaining assets and its ten-million shares of Carbon-Ion common stock held by it, Carbon-Ion issued the Company the following: (i) six hundred million sixty eight thousand four hundred twenty (600,068,420) shares of Carbon-Ion common stock, par value $0.000001 per share; (ii) one hundred thousand (100,000) shares of Carbon-Ion series D preferred stock, par value $0.000001 per share; (iii) eighty-one thousand thirty two (81,032) shares of Carbon-Ion series E preferred stock, par value $0.000001 per share; (iv) one hundred thousand (100,000) shares of Carbon-Ion series F preferred stock, par value $0.000001 per share (the and (v) nineteen and 675/100 (19.675) shares of Carbon-Ion series G preferred stock, par value $0.000001 per share
The foregoing does not purport to be a complete description of each of the Contribution Agreement and is qualified in its entirety by reference to the full text of the Contribution Agreement, which is filed as Exhibit 10.1, to this Current Report on Form 8-K and incorporated herein by reference.