UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Amendment 1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
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EXPLANATORY NOTE TO AMENDMENT 1
Item 2.01 Completion of Acquisition or Disposition of Assets.
On November 30, 2023, the Company completed the transfer of certain assets of the Company to its wholly-owned subsidiary, LLC. The paragraph below amends and replaces in its entirety the paragraph of Item 2.01 “Completion of Acquisition or Disposition of Assets” of the Original Filing.
On November 30, 2023 Ankam, Inc. (the “Company”) completed the transfer of all operations associated with the business of MoneySaverApp to its wholly-owned subsidiary, Ankam LLC (the “LLC”). The assets transferred include 100% of the ownership interests of MoneySaverApp and all operations associated with the MoneySaverApp (the “Asset”), an application created to aggregate various discount cards on mobile device.
The Company is transferring the Asset and the business operations to the balance sheet of its LLC. The purpose of this transfer is to optimize and focus on the future growth and development of one of the Company’s main products MoneySaver App. The transaction has been approved by the Company’s board of directors and is in compliance with all applicable regulatory requirements.
Upon the transfer of the Asset, the Company maintains ownership and control over Expense Minder (the “Business”), a proprietary product designed to streamline and manage expense reporting for users. We conceptualize and are constructing an application that facilitates a user’s expense management. Our focus extends to designing and developing a mobile application designed to streamline and automate the tracking, and submission of user's expenses. The application will feature categorization of expenses, saving goals, bill reminders, and customizable categories.
Item 8.01 Other Events.
On November 29, 2023, the Company, a Nevada corporation, entered into a material definitive agreement by establishing a wholly-owned subsidiary, Ankam LLC. The LLC was organized in Wyoming and is authorized to engage in any legal act. The Company executed an Operating Agreement accepted by the LLC, a copy of which is filed as an exhibit to this Form 8-K.
The primary purpose behind the establishment of the LLC is to facilitate the division and strategic development of the Company’s various applications. The strategic development of the LLC is supported by its dedication to the operation and advancement of the MoneySaver App, a user-friendly mobile application designed to aggregate various discount cards onto a single platform. The LLC, with its primary objective centered around the MoneySaver App, aims to further develop the application to provide users instant and convenient access to a diverse array of discounts, fostering ease of use, and enhancing the overall user experience.
The LLC is managed by Ankam, Inc. who holds the position of Manager of the LLC and owned in its entirety by the Company. Ankam, Inc. holds 100% ownership interest in the LLC and is duly authorized to oversee and execute its operational activities.
Item 9.01 Exhibits
(d) Exhibits.
Exhibit No. | Description | |
10.1 |
Operating Agreement, effective as of November 29, 2023
| |
10.2 | Asset Transfer Agreement as of November 30, 2023 |
SIGNATURES
In accordance with the requirements of the Securities Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: December 27, 2023 | ANKAM, INC. | ||
By: | /s/ | Bakur Kalichava | |
Name: | Bakur Kalichava | ||
Title: |
President, Director, Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary |