02/11/2026 | Press release | Distributed by Public on 02/11/2026 05:03
Item 8.01 Other Events
On June 18, 2025, a lawsuit captioned James Bernet, Kelsey James, LLC and BCA Cares, LLC v. M2i Global, Inc. was filed in the District Court of Washoe County, Nevada against M2i Global, Inc. (the "Company"). The plaintiffs allege breach of contract, securities fraud, and related claims stemming from a 2022 consulting agreement and 2023 stock subscription agreements. The dispute primarily concerns the Company's termination of the consulting agreement and the subsequent cancellation of certain shares of the Company's common stock.
The Company recently became aware that the court entered a default judgment in the matter in December 2025. The judgment awarded the plaintiffs $18 million in damages and included declaratory relief that the plaintiffs have the right to an aggregate of 100 million shares of the Company's common stock. The order provides that the money judgment may be satisfied through the issuance of shares consistent with such relief. The Company intends to file a motion to vacate the judgment and, if necessary, pursue an appeal. The Company cannot predict the outcome of this matter, and there can be no assurance that the judgment will be set aside or that the underlying litigation will be resolved on terms favorable to the Company.