AVNI 8-K
Arvana Inc (AVNI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.45 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12-2 of this chapter).
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Memorandum of understanding
This memorandum of understanding “MoU” expresses a convergence of will between the parties, indicating an intended common line of action. This MoU is not a legally enforceable agreement and provides the elements for a final agreement to be prepared and executed after due diligence and approval between the parties.
The parties are:
Arvana Inc. “Arvana”
PintoCity Inc. “PintoCity”
Brian Lovig “BL”
Whereas BL is to transfer ownership of PintoCity to Arvana for $1.00 USD. BL continues to be the sole director of PintoCity. Transaction to close on or before January 15, 2025 and can be extended to January 31, 2025 if required by either party. BL shareholders loans to PintoCity are to receive market interest and to be repaid at some point in the future. Information for all parties to be delivered to the attorney selected by Arvana to prepare final and complete documentation.
About Arvana
Arvana is a public company trading in the OTC
About PintoCity
PintoCity is a private company looking to be in the specialty real estate business to acquire and repurpose dark big box stores
About BL
Is the owner of all shares of PintoCity
Agreed to this 9 day of December 2024
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Arvana Inc
Agreed to this 9 day of December 2024
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PintoCity Inc.
Agreed to this 9 day of December 2024
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Brian Lovig
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Arvana, Inc. | Date |
| By: /s/ James Kim | December 10, 2024 |
| Name: James Kim, CEO | |
| Phone: 702-889-1072 | |
| Email: [email protected] | |
| Website: https://arvana.us | |
| Title: Chief Executive Officer |
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