Form 8-K - Current report

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

 

Date of Report (date of earliest event reported): September 19, 2024

 

ARAX HOLDINGS CORP.

(Exact name of Registrant as specified in its charter)

 

Nevada		333-185928		99-0376721
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(IRS employer identification no.)
820 E Park Ave Bld D200 Tallahassee, Florida				82801
(Address of principal executive offices)				(Zip Code)

 

Registrant’s telephone number, including area code: 850 254 1161

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

Item 1.01

Entry into a Material Definitive Agreement.

 

 On September 17, 2024, Arax Holdings Corp. (“Arax”) entered into an 18-month strategic partnership agreement with LvlUp Ventures, a multi-stage venture capital firm with a global presence. The agreement includes Arax’s participation in the NextUp Incubator Program, a platform designed to accelerate high-potential startups through commercialization, scalability, and revenue generation.

 

Under this partnership, Arax aims to leverage LvlUp’s extensive network and strategic guidance to enhance its fundraising efforts and optimize go-to-market strategies for its expanding portfolio of blockchain and enterprise data management solutions. The NextUp Incubator will provide Arax with bespoke mentoring from industry leaders at institutions such as KPMG and Citigroup.

 

Item 7.01 Regulation FD Disclosure

 

Arax Holdings Corp. issued a press release on September 19, 2024, announcing the partnership with LvlUp Ventures. This collaboration is a significant milestone for Arax as it aligns with the company’s strategy of accelerating its growth and scaling its blockchain solutions globally. A copy of the press release is furnished as Exhibit A to this Form 8-K.

 

Item 9.01 Financial Statements and Exhibits

 

Exhibit A – Press Release dated September 19, 2024, titled “ARAX Holdings Announces 18-Month Strategic Partnership with LvlUp Ventures and Participation in the NextUp Incubator Program”.

 

Link to Press Release:

 

https://medium.com/@AraxCorp/arax-holdings-announces-18-month-strategic-partnership-with-lvlup-ventures-and-participation-in-411896f514ae

 

Contact Information

 

For more information about ARAX Holdings Corp. and our innovative solutions, please visit our website at www.arax.com. 

 

Contact:

ARAX Holdings Corp.

820 E Park Ave Bldg. D200

Tallahassee, FL 32301

 

[e-mail]

 

 

 

 

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

 

Certain statements contained in this report may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). All statements that are not historical facts are “forward-looking statements.” The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Investors should consider this cautionary statement and furthermore, no assurance can be made that the transaction described in this Report will be consummated. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events. 

 

Item 9.01

Financial Statements and Exhibits.

 

Exhibit A – Press release

 

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 thereunto duly authorized.

 

Arax Holdings Corp.

 

By:

/s/ Christopher D. Strachan

	Christopher D. Strachan
	Chief Financial Officer

 

Dated: September 19, 2024

 

 

 

EXHIBIT A

 

ARAX Holdings Announces 18-Month Strategic Partnership with LvlUp Ventures and Participation in the NextUp Incubator Program

 

City, Date – ARAX Holdings Corp, a global leader in blockchain solutions and enterprise data management, is proud to announce an 18-month strategic partnership with LvlUp Ventures. As part of this collaboration, ARAX will participate in the NextUp incubator program, positioning itself to accelerate its fundraising efforts, refine go-to-market strategies, and enhance marketing initiatives for its expanding portfolio of use cases.

"The partnership with LvlUp Ventures is a significant milestone for ARAX. The NextUp incubator offers a powerful platform to refine our market strategies and align them with our broader goal of revolutionizing enterprise data management through blockchain," said Michael Loubser, CEO of ARAX Holdings Corp. "We are excited about the opportunities ahead and the potential this partnership will unlock as we scale and expand our solutions globally."

 

Positioning and Partnership Emphasis: The partnership with LvlUp Ventures and participation in the NextUp program align with ARAX’s principles of innovation and market disruption, providing a platform that nurtures transformative technologies. LvlUp Ventures serves as an accelerator for companies challenging traditional models, fostering innovation and growth through targeted resources and strategic guidance. This collaboration underscores ARAX’s commitment to redefining enterprise data management and blockchain solutions, solidifying its position as a leader in this evolving landscape.

 

Strategic Focus: The NextUp program is designed to fast-track startups through a series of targeted sessions focused on commercialization, scalability, and revenue generation. ARAX will benefit from bespoke mentoring provided by industry leaders from top-tier institutions such as KPMG and Citigroup. This partnership will strategically position ARAX to refine its market strategies, aligning them with broader industry shifts and reinforcing its foundational approach to innovation. The program aims to prepare ARAX for its next round of funding, with a focus on market readiness and product traction.

 

"ARAX Holdings exemplifies the type of innovative and forward-thinking company that LvlUp Ventures and the NextUp incubator program are designed to support. By combining our extensive network of industry experts, strategic resources, and market insights, we are committed to accelerating ARAX's journey in revolutionizing enterprise data management and blockchain solutions. Our partnership with ARAX aligns perfectly with our mission to nurture groundbreaking technologies that challenge traditional models, and we are excited to help scale ARAX's impact across global markets." — Aaron Golbin, Managing Partner at LvlUp Ventures.

 

 

 

 

About ARAX Holdings Corp

 

ARAX Holdings Corp operates Blockchain as a Platform (BaaP), transforming enterprise data into strategic assets with unmatched efficiency and integrity. Leveraging Core Blockchain technology, the company integrates Decentralized Physical Infrastructure Networks (DePIN) to boost operational efficiency and ensure transparency across sectors such as logistics, carbon accounting, smart building, and smart city solutions, manufacturing, logistics, and industry-specific secure connectivity and communication solutions.

 

About LvlUp Ventures and NextUp

 

LvlUp Ventures is a multi-stage VC firm and one of the largest venture ecosystems globally with over 1,000 core and extended team members across every major startup hub, roughly 5,000 top-tier startup applications annually, and dozens of F500 & corporate startup programs and accelerators. The firm backs Pre-Seed to Series A founders with strong initial market validation who are innovating at the intersection of AI and virtually any industry. Its NextUp incubator program is designed to guide high-growth potential companies through key commercialization stages, offering hands-on support from industry experts and experienced investors.

 

For media inquiries, please contact: [e-mail]

 

 

 

Cover	Sep. 19, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 19, 2024
Entity File Number	333-185928
Entity Registrant Name	ARAX HOLDINGS CORP.
Entity Central Index Key	0001566243
Entity Tax Identification Number	99-0376721
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	820 E Park Ave Bld D200
Entity Address, City or Town	Tallahassee
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	82801
City Area Code	850
Local Phone Number	254 1161
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false

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