SHMP 8-K
NaturalShrimp Inc (SHMP)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.03. Bankruptcy or Receivership.
On September 4, 2024, Streeterville Capital, LLC, a Utah limited liability company and Bucktown Capital, LLC, a Utah limited liability company (collectively, “Streeterville”) filed a Verified Emergency Motion for Appointment of Receiver (the “Motion”) under Civil Case No. 240907138, in the District Court of Salt Lake County, Utah, against NaturalShrimp, Inc., a Nevada corporation (“NaturalShrimp”).
The Motion alleges, among other things, that NaturalShrimp has defaulted under the terms of its loan agreements with Streeterville. The Motion sought the appointment of a Receiver to immediately take control of NaturalShrimp’s assets to preserve same.
An Order was entered ex parte by the Court on September 9, 2024 granting the relief requested by Streeterville. The Court duly appointed Amplio Turnaround and Restructuring, LLC as the Receiver. The Court’s Order further scheduled a hearing to be held on September 17, 2024, on a preliminary injunction to address issues raised in the Motion. NaturalShrimp has secured counsel to represent it in the litigation.
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.
| NATURALSHRIMP INCORPORATED | ||
| Date: September 13, 2024 | By: | /s/ Gerald Easterling |
| Name: | Gerald Easterling | |
| Title: | Chief Executive Officer | |