AVNI 8-K
Arvana Inc (AVNI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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ITEM 5.01 Changes in Control of Registrant.
(a) Change in Control
(1) Bondock LLC. (“Bondock”), a Nevada limited liability company owned by Brian Lovig has acquired control of Arvana Inc. (“Arvana”).
(2) The change in control was effective May 10, 2022, pursuant to an agreement for the sale and purchase of thirty-one million one hundred and two thousand eight hundred and eighty-two (31,102.882) shares of common stock by certain affiliated and unaffiliated stockholders of Arvana to Bondock in exchange for an unsecured interest free promissory note in the amount of two million dollars ($2,000,000) due on or before May 9, 2024 (“Note”).
(3) The basis for the change in control is Bondock’s direct ownership of 31,102,882 shares of Arvana representing 91.08% of its outstanding common stock.
(4) The consideration paid to effect the change in control is the Note.
(5) Bondock will rely on its own funds to satisfy the Note.
(6) The persons from whom Bondock assumed control are Altaf Nazerali, entities over whom Mr. Nazerali exercises beneficial ownership namely International Portfolio Management, Inc. and Valor Invest Ltd., 681315 B.C. Ltd. an entity beneficially owned by Jaisun Garcha, John Baring an Arvana director and stockholder, and Raymond Wicki, an Arvana stockholder.
(7) None.
(8) Arvana is a shell company as that term is defined in Rule 12b-2 of the Exchange Act.
(b) Security Ownership of Certain Beneficial Owners and Management
The following table sets forth information concerning the number of shares of our common stock owned of record and beneficially by: (i) each of our directors, (ii) each of our executive officers, (iii) our executive officers and directors as a group, and (iv) each shareholder who is known to us to beneficially own more than 5% of the 34,148,518 shares outstanding. Unless otherwise indicated, the stockholders included possess either voting power or ownership of record.
| Title of Class | Name and Address of Record and Beneficial Holders (1) | Shares Owned of Record | Percentage Voting | |||||||
| Common | Ruairidh Campbell, CEO, CFO, PAO, and Director 3002 Kinney Ave., Austin, TX 78704 | — | 0 | % | ||||||
| Common | Sir John Baring, Director 500 Cathedral Dr., #2814 Aptos, CA 95001 | 14,625 | <1 | % | ||||||
| Common | Shawn Teigen, Director 525 Emerson Ave, Salt Lake City, UT 84105 | — | 0 | % | ||||||
| Common | All Directors and Officers as a Group | 14,625 | <0 | % | ||||||
| Common | Bondock LLC (2) 1057 Whitney Ranch Dr., # 350 Henderson, NV 89014 | 31,102.882 | 91.08 | % | ||||||
| Total | 31,117,507 | 91.12 | % | |||||||
(1) Under Commission Rule 13d-3, the beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: voting power, which includes the power to vote, or direct the voting of shares; and/or investment power, which includes the power to dispose or direct the disposition of shares.
(2) The beneficial owner of Bondock LLC is 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: May 17, 2022 | By: /s/ Ruairidh Campbell | |
| Name: Ruairidh Campbell | ||
| Title: Chief Executive Officer |
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