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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Item 1.01 Entry into a Material Definitive Agreement.
Item 2.01 Completion of Acquisition
Item 3.02 Unregistered Sales of Equity Securities.
On May 26, 2023, Livento Group, Inc. (the “Company” or “Livento”) and its subsidiary, Boxo Productions, Inc. (“Boxo”) entered into an Assignment and Purchase Agreement (the “APALO) with Loredo LLC (“LO”) whereunder we acquired interests in total of 45 projects valued at $22,320,641 from LO for 391,590,193 shares of our common stock. On May 26, 2023, Boxo Technology, Inc. entered into an Assignment and Purchase Agreement (the “APAWEW”) with West East Wind Limited (“WEWL”) whereunder Boxo Technology, Inc. will acquire certain rights in 3 gaming apps and transfer to WEWL of its interests in 2 real estate projects Thunder and Geminos (which are not further pursuing). The assets acquired from WEWL are valued under the APAWEW at $9,929,359. The foregoing is only a summary of the terms of the APALO and APAWEW and the reader is referred to the full texts of these agreements which are exhibits to this Report.
As a result of the foregoing, Livento’s intends to increase its authorized shares of common stock from 500.000.000 to 900.000.000 to allow the foregoing issuances. Livento is initiating the process to increase the number of shares of common stock which it is authorized to issue so that it will have sufficient shares to meet its commitments and for any future acquisitions (none of which are planned at present).
9.01 Financial Statements and Exhibits.
(d) Exhibits
| 10.1 | APALO with schedules. |
| 10.2 | APAWEW with schedules. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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 thereunto duly authorized.
Date: June 12, 2023
| LIVENTO GROUP, INC. | ||
| By: | /s/ David Stybr | |
| Name: | David Stybr | |
| Title: | Chief Executive Officer | |