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Share Name | Share Symbol | Market | Type |
---|---|---|---|
REAC Group Inc (CE) | USOTC:REAC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0003 | 0.00 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): January 4, 2017
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)) |
1
SECTION 1 Registrants Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
On January 4, 2017, Real Estate Contacts, Inc. (the Company) closed the Asset Purchase Agreement (APA) with Patriot Bioenergy Corporation, a Kentucky corporation (Patriot), for the purchase of all of the assets related to the business of operating a hemp processing and growth operation and selling hemp related products (the Business). This transaction was the subject of the Letter of Intent disclosed in our Form 8-K filed on November 15, 2016. The LOI was amended on December 6, 2016, and an amendment to our November 15 Form 8-K was filed on the same date.
After consummation of the APA, in which the Company acquired all of Patriots stock, Patriot became a wholly owned subsidiary of the Company.
Section 2Financial Information
Item 2.01. Completion of Acquisition or Disposition of Assets
As stated in Item 1.01 above, the Company acquired all of the assets of Patriot (the Assets) pursuant to an Asset Purchase Agreement. The assets include all of Patriots stock; machinery and equipment used in the hemp business; inventory; the real property and leases of real property; customer, supplier and distributor lists; accounts receivable; licenses; and goodwill. There were no material relationships between the Patriot, and its officers, directors, or affiliates, and the Company, or the Companys officers, directors, or affiliates
The Company acquired the Assets in exchange for 50,000 shares of Company common stock.
Section 9 Financial Statements and Exhibits.
Item 9.01. Financial Statements and Exhibits.
a.
Financial Statements of Business Acquired (to be filed in an amendment to this Form 8-K by no later than March 22, 2017)
b.
Pro Form Financial information (to be filed in an amendment to this Form 8-K by no later than March 22, 2017)
c.
Not Applicable
d.
Exhibits
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NUMBER |
EXHIBIT |
10.1 |
Asset Purchase Agreement Patriot Bioenergy Corporation |
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.
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REAL ESTATE CONTACTS, INC. |
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January 10, 2017 |
/s/ Robert DeAngelis |
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Robert DeAngelis |
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Chief Executive Officer |
2
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1 Month REAC (CE) Chart |
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