Kheoba Corp.

01/14/2025 | Press release | Distributed by Public on 01/14/2025 12:19

Changes in Control Form 8 K

Item 5.01 Changes in Control of Registrant

On January 10, 2025, Mr. TIEN SENG TONG (the "Investor") entered into stock purchase agreements for the acquisition of an aggregate of 6,000,000 shares of Common Stock of the Company and acquired a controlling 74% equity stake in KHEOBA CORP. (the "Company") through a privately negotiated transaction.

The Investor purchased 6,000,000 shares of the Company's common stock at a price of USD 0.091 per share. This transaction was financed through the Investor's own capital. The Purchase Agreement was fully executed and delivered. Consequently, the Investor is now able to unilaterally control the election of our board of directors, all matters upon which shareholder approval is required, and, ultimately, the direction of our Company.

The Investor has outlined the following strategic plans for the Company:

· Explore opportunities for international expansion and strategic partnerships
· Invest in internet related business development and explore the Asia Pacific market

Additionally, on January 14, 2025, Gaga Gvenetadze resigned from all executive officer positions at the Company, including President, Chief Executive Officer, Treasurer, Chief Financial Officer, Chief Accounting Officer, and Secretary, with immediate effect. On the same date, Irakli Tatarishvili and Giorgi Sambadze also submitted their resignations as directors of the Company, effective immediately.

Kheoba Corp. published this content on January 14, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on January 14, 2025 at 18:19 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]