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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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Securities Act: None
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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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
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. ☐
TREX Acquisition Corp. is referred to herein as “T-REX”, “we”, “our”, or “us”.
ITEM 5.06. CHANGE IN SHELL COMPANY STATUS
On February 17, 2022, we began generating crypto currency asset mining revenue through our wholly-owned subsidiary, Raptor Mining LLC (“Raptor Mining”). As of March 14, 2022, we have revenues in excess $10,000, which reflects the fair market value of the crypto currency assets Raptor Mining has received in exchange for securing the underlying crypto currency assets on the block chain distributed ledgers through our crypto currency ASIC mining equipment.
From our perspective, we have concluded that the White House’s March 9, 2022 Executive Order was a favorable sign that a friendly regulatory environment for crypto currencies will enhance the future value of the underlying crypto currency assets. Therefore, we intend to accelerate the acquisition of additional crypto currency miners to scale revenue growth.
Based on the forgoing information, we believe that T-REX is no longer a “shell company,” as such term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended.
ITEM 8.01. OTHER EVENTS
On March 10, 2022, we will publish a Press Release titled “TREX Acquisition Corp. Announces New Business Venture”, a copy of which is attached hereto as Exhibit 99.1.
The information in this Current Report on Form 8-K with respect to Item 8.01 (including 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 & EXHIBITS
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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.
Dated: March 14, 2022 | By: | /s/ Frank Horkey |
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| Frank Horkey |
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| President & Director |
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EXHIBIT 99.1
Press Release
TREX ACQUISITION CORP ANNOUNCES NEW BUSINESS VENTURE
T Rex Acquisition, Corp. (OTC Pink Sheets: TRXA), announced today that, through its wholly-owned subsidiary, Raptor Mining LLC (“Raptor Mining”), T REX has set in motion what it expects will help T-REX become a major player in the highly scalable, cryptocurrency mining industry using environmentally sustainable methods.
T REX’s President and CEO Frank Horkey stated, “Surveying the landscape of potential operating activities congruent with our T REX incubator model, we saw the cryptocurrency industry as a growth opportunity that is gaining worldwide acceptance. We believe our entry into the cryptocurrency and virtual assets will help accelerate the company’s growth potential.” Mr. Horkey went on to say, “In July, we began our initial R & D and mining asset acquisition for Raptor Mining and now our efforts are focused on scaling our mining assets while taking advantage of technological innovations to reduce electrical costs to minimize our carbon footprint while maximizing our profits.”
Raptor Mining recently inked a contract with co-location facility Ace Host, a Tampa Florida -based managed cloud and data center, to host Raptor Mining’s first cryptocurrency mining equipment. Mr. Horkey pointed out “the route of co-location provides us the perfect low-barrier-to-entry jump-off platform to enter the crypto mining world; we are able to enjoy increased efficiencies and dramatically reduced overhead compared to hosting miners on-premises. Through Ace Host, we have around the clock monitoring and security for our hardware and simple remote access by management.” Within hours of Ace Host deploying Raptor Mining’s ASIC crypto miners, T-REX began accumulating revenue through Bitcoin mining.
Over the coming months, T REX anticipates substantial scaling of its operations and to deploy alternative capital efficient power sources that have only recently become available.
Media Contact:
Frank Horkey, CEO
(954) 742-3001
fhorkey@trex-acq.com
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Mar. 10, 2022 |
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| Cover [Abstract] | |
| Entity Registrant Name | TREX ACQUISITION CORP. |
| Entity Central Index Key | 0001437750 |
| Document Type | 8-K |
| Amendment Flag | false |
| Entity Emerging Growth Company | false |
| Document Period End Date | Mar. 10, 2022 |
| Entity Incorporation State Country Code | NV |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Entity File Number | 333-152551 |
| Entity Tax Identification Number | 26-1754034 |
| Entity Address Address Line 1 | 7301 NW 4th Street |
| Entity Address Address Line 2 | Suite 102 |
| Entity Address City Or Town | Plantation |
| Entity Address State Or Province | FL |
| Entity Address Postal Zip Code | 33317 |
| City Area Code | 954 |
| Local Phone Number | 742-3001 |
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