SEC Filing Summary: SMSA Ballinger Acquisition Corp.
Business Context and Reporting Period
This Form 8-K was filed on February 8, 2016, by SMSA Ballinger Acquisition Corp. (the "Company"), a Nevada corporation. The filing reports material events occurring between February 8 and February 10, 2016, involving a corporate merger and a stock cancellation agreement.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate structural changes and equity transactions.
Material Changes
- Merger Completion: On February 8, 2016, the Company entered into an Agreement and Plan of Merger with Tiger Trade Technologies, Inc., a wholly owned subsidiary. The merger became effective on February 9, 2016, at 11:59 p.m. Pacific time. All outstanding common and preferred stock of Tiger Trade was canceled, retired, and ceased to exist.
- Stock Cancellation: On February 10, 2016, the Company entered into a Stock Cancellation Agreement with Gust C. Kepler (Director, President, CEO, CFO, and Secretary). Mr. Kepler canceled and forfeited 835,010 shares of the Company's common stock ($0.001 par value).
Guidance, Outlook, and Risks
The filing does not contain management commentary, financial guidance, outlook, or specific risk factors beyond the disclosure of the completed merger and stock forfeiture. No unusual items or contingencies were disclosed in the text provided.
Investor Verification Checklist
- Verify the post-merger capital structure and the total number of shares outstanding following the cancellation of Tiger Trade stock.
- Confirm the impact of the 835,010 share forfeiture by Gust C. Kepler on the total share count and ownership percentages.
- Review the full text of the Agreement and Plan of Merger (Exhibit 2.1) for any undisclosed terms or conditions.
- Check subsequent filings for updated financial statements reflecting the merger and stock cancellation.