8-K
UPAY (UPYY)
UNITED
STATES
SECURITIES
AND
EXCHANGE
COMMISSION
Washington,
D.C.
20549
FORM
8-K
CURRENT
REPORT
Pursuant
to
Section
13
or
15(d)
of
the
Securities
Exchange
Act
of
1934
Date
of
Report
(Date
of
earliest
event
reported):
October 3, 2023
UPAY, INC.
(Exact Name of Registrant as Specified in Its Charter)
Nevada
(State or Other Jurisdiction of Incorporation)
| 000-<br>55747 | 37-<br>1793622 |
|---|---|
| (Commission File <br>Number) | (IRS<br><br>Employer Identification <br>No.) |
| 3010<br><br>LBJ<br><br>Highway,<br><br>12th<br><br><br>Floor | |
| --- | --- |
| Dallas,<br><br><br>Texas | 75234 |
| (Address of Principal Executive <br>Offices) | (Zip <br>Code) |
(972)
888-6052
(Registrant’s
Telephone
Number,
Including
Area
Code)
Not
applicable
(Former Name or Former Address, if Changed Since Last Report)
Check
the
appropriate
box
below
if
the
Form
8-K
filing
is
intended
to
simultaneously
satisfy
the
filing
obligation
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the
registrant
under
any
of
the following provisions:
| ¨ | Written<br><br>communications<br><br>pursuant to<br><br>Rule<br><br>425 under<br><br>the<br><br>Securities Act<br><br>(17<br><br>CFR <br>230.425) |
|---|---|
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-<br>12) |
| --- | --- |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-<br>2(b)) |
| --- | --- |
¨
Pre-commencement
communications
pursuant
to
Rule
13e-4(c)
under
the
Exchange
Act
(17
CFR
240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: None
| Title<br><br>of<br><br>each<br>class | Trading<br><br><br>Symbol(s) | Name of each exchange on which <br> <br>registered |
|---|
Indicate
by
check
mark
whether
the
registrant
is
an
emerging
growth
company
as
defined
in
Rule
405
of
the
Securities
Act
of
1933
(17
CFR §230.405)
or
Rule
12b-2
of
the
Securities
Exchange
Act
of
1934
(17
CFR
§240.12b-2).
Emerging
growth
company
x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
UPAY,
Inc.
is
referred
to
herein
as
“we”,
“us”
or
“our”
or
“UPAY”.
ITEM 8.01. OTHER EVENTS
On October 3, 2023, we will be publishing a press release titled
“UPAY Inc. and Huntpal LLC. agree to a Memorandum of Understanding and Joint Veture Agreement.”
The information in this Current Report on Form 8-K with respect to Item 8.01 (including the press release attached hereto as Exhibit 99.1) is being furnished pursuant to Item 8.01 of Form 8-K and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act. This current report on Form 8-K (including Exhibit 99.1) will not be deemed an admission as to the materiality of any information contained herein.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
| Exhibit No. | Description | |
|---|---|---|
| 99.1 | Press Release dated October 3, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
| UPAY,<br><br>INC. | ||
| --- | --- | --- |
| Date: October 3, 2023 | By: | /s/ Jaco <br>Folscher |
| Name: | Jaco <br>Folscher | |
| Title: | Chief Executive <br>Officer |
Exhibit 99.1
FOR IMMEDIATE RELEASE
UPAY Inc. and Huntpal LLC. agree to a Memorandum of Understanding and Joint Veture Agreement.
Dallas, Texas 10/3/2023 – (GLOBE NEWSWIRE) -- UPAY Inc.(“UPAY” or the “Corporation” or the “Company”) (OTCQB: UPYY).
UPAY Inc., a leading corporation in the fintech sector, is pleased to announce its involvement and future plans in connection with Huntpal LLC. pursuant a Memorandum of Understanding and Joint Veture agreement between UPAY and Huntpal LLC.
Huntpal LLC specializes in all-inclusive bucket-list hunting and adventure travel packages for Americans wanting to travel to Africa. Huntpal LLC will offer US hunters all-inclusive hunting trips to Southern Africa, but also plans to expand to other continents over time. Through its South African founders’ continuous involvement, Huntpal (Pty) Ltd. maintains strong connections within the hunting industry in South Africa and has existing relationships with local service providers and sales channel partners in South Africa.
UPAY Inc. has developed a cutting-edge, consumer facing website and booking platform for Huntpal LLC, that allows U.S. hunters to seamlessly buy dream hunting trips across Southern Africa. Huntpal LLC will then fulfil the service through Huntpal (Pty) Ltd in South Africa with its growing network of reputable hunting destinations, outfitters, professional hunters and other industry related service providers, to ensure a hassle-free experience for outdoor enthusiasts. This venture strengthens Huntpal LLC to potentially grow into a key player in the African hunting industry.
Huntpal LLC plans to l deliver exceptional hunting experiences while leveraging UPAY's resources and expertise to further enhance its services. This strategic partnership will mark a pivotal moment for both companies, uniting their shared passion for adventure, technology and wildlife conservation. The company will further demonstrate its commitment to corporate responsibility by actively participating in local South African feeding schemes, made possible through sustainable venison harvesting. Additionally, our contributions to the local economy and African conservation initiatives will play a vital role in supporting these efforts.
"We are thrilled to be joining forces with Huntpal LLC and expanding our presence in the hunting and outdoor adventure sector. This partnership aligns perfectly with our mission to offer unique and unforgettable experiences to customers, while also contributing to wildlife conservation efforts and local feeding schemes in Africa “said Jaco Fölscher, CEO of UPAY Inc.
Huntpal's CEO, Martin van Heerden, also enthusiastically expressed his thoughts on the partnership, saying, "We firmly believe that UPAY Inc.'s technology and resources will empower us to grow through accessibility, convenience and improved payment options for hunting trips in Africa. This will undoubtedly grow our reach to the US market and beyond and benefit both our customers and our extensive network of hunting destinations."
The collaboration between UPAY Inc. and Huntpal LLC represents a significant milestone in the evolution of the hunting industry, combining technological innovation with the thrill of adventure and the preservation of wildlife. Together, they are poised to redefine the hunting experience for enthusiasts across the United States and beyond.
For media inquiries, please contact: ****
CONTACT INFORMATION UPAY INC. info@upaytechnology.com
About UPAY Inc.: UPAY Inc. is a forward-thinking US public company with fintech and other industry-related holdings, dedicated to providing cutting-edge financial solutions to its clients. With a focus on innovation and user-centric design, UPAY remains on the bleeding edge of innovation in the technology sector.
About Huntpal LLC: Huntpal LLC, based in Florida, offers a user-friendly platform for booking exceptional hunting trips in Africa. We focus on connecting U.S. hunters with reputable destinations and services across the continent. Our commitment to responsible hunting and conservation ensures memorable experiences while preserving Africa's wildlife. Join us for unforgettable African hunts!
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of UPAY, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.