Business Context and Reporting Period
This Form 6-K report covers the month of December 2025 for Intercont (Cayman) Limited, a foreign private issuer. The filing discloses a material contract entered into on November 13, 2025, regarding the acquisition of intellectual property for the Company's Pulping Factory Ship Project.
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to the specific transaction described below:
- Total Consideration: Up to $500,000.
- Base Purchase Price: $400,000.
- Incentive Payment: Up to $100,000 (contingent on commercialization milestones).
Material Changes and Transaction Details
The Company entered into a Patent Assignment Agreement with Jiangsu Xinsihui Marine Technology Co., LTD. This agreement supersedes and terminates the Original License Agreements (dated November 13, 2024, and supplemented August 5, 2025) under which the Company previously held an exclusive license to the same patents.
Payment Structure:
- The $400,000 base price is payable in four equal installments of $100,000 each.
- Installments are scheduled between the effective date and March 30, 2027.
- The $100,000 incentive payment is contingent on successful commercialization or a qualifying transaction by December 31, 2027.
Operational Terms:
- The Assignor will provide technical support and cooperate with patent maintenance through December 31, 2027.
- Ownership transfer of patents will occur on a phased basis aligned with the payment schedule.
Guidance, Outlook, and Risks
The filing does not contain general financial guidance or outlook for the Company's overall operations. The primary risk and contingency identified is the conditional nature of the $100,000 incentive payment, which depends on achieving specific commercialization milestones for the pulping factory ship technology by the end of 2027. The Company's ability to fully realize the value of this acquisition is tied to the successful commercialization of the underlying technology.
Investor Verification Checklist
- Verify the full text of the Patent Assignment Agreement filed as Exhibit 99.1 for detailed legal terms.
- Confirm the specific commercialization milestones required to trigger the $100,000 incentive payment.
- Monitor the Company's cash flow to ensure it can meet the four $100,000 installment payments due through March 2027.
- Track the status of the phased ownership transfer of the patents as payments are made.