The Company acquired an operating company via reverse merger at the end of 2 0 2 1 and final terms and closing o f transaction was reflected in first Quarter of 2 0 2 2 . The operating company is Xi’ an Xiaohuangren Industrial Interconnect Technology Co. , Ltd. The Company issued 3,210,002 Series B Preferred Stock for the acquisition. The Custodian resigned on 1 2 / 2 / 2 0 2 1 , Custodianship was discharged on January 1 2, 2 0 2 2.
On December 26th, 2 02 2 , Icon Media Holdings, Inc. (“ ICNM”) , through Eastwin8 Pte Ltd (Eastwin8), a Singapore subsidiary, 1 0 0 % owned by ICNM, entered into a definitive agreement with Kuora Inc. , through which Eastwin8 purchased 1 00% of the paid up capital of Kuora, Inc (China) (or Xi;an Xiaohuangren Industrial Interconnect Data Technology Limited) and all its subsidiaries.
On January 26, 2023, Icon Media Holdings, Inc. issued 521 Series A preferred shares and 39,947,500 Common Stock of Icon Media Holdings, Inc. to Kuora Inc., as the consideration of acquiring Kuora, Inc (China) described above.
it is $AAPT/news/KUORA-INC-Nevada-And-ICON-MEDIA-HOLDINGS-INC-Nevada---ACQUISITION-TRANSACTION?id=385506
The purchase price for the acquisition is US$125,087,937 dollars which is based on the closing price of AAPT on May 12th, 2022, assuming all Preferred Stock have been converted into Common Stock. May 12th was the date before the CE was designated on AAPT.
The purchase price will be paid by issuance of ICNM stock to AAPT based on the closing price of ICNM common stock on Dec 23rd, 2022, being the closest date to the date of the Agreement.
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