Business Context and Reporting Period
This Form 8-K was filed by Slinger Bag Inc. (a Nevada corporation) on June 24, 2020. The filing reports a material change in corporate control. The company is designated as an emerging growth company.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a change in ownership structure.
Material Changes
On June 24, 2020, control of the Company was transferred to Yonah Kalfa. Key details of this transaction include:
- Mr. Kalfa now controls 20,000,000 shares of the Company's common stock.
- This stake represents 76.3% of the total issued and outstanding common stock.
- Mr. Kalfa holds no additional shares beyond this controlling block.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document is limited to the disclosure of the change in control under Item 5.01.
Investor Verification Checklist
- Verify the exact number of outstanding shares to confirm the 76.3% ownership calculation.
- Confirm if the transfer of control involved a cash transaction or other consideration not detailed in this summary.
- Review subsequent filings for any changes in the Board of Directors or executive management resulting from this transfer.
- Check for any related party transactions between the new controlling shareholder and the Company.