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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K/A

Amendment 1

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) November 29, 2023

 

ANKAM, INC.

(Exact name of registrant as specified in its charter)

 

 

Nevada

(State or other jurisdiction of incorporation or organization)

 

333-255392

(Commission File Number)

 

61-1900749

(I.R.S. Employer Identification Number)

 

5348 Vegas Drive, Las VegasNevada, 89108

+995-599420389

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

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 (see General Instructions A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in 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 Yes

 

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.

 

 

 

Securities registered pursuant to Section 12(b) of the Act: Not applicable.

 

 

Title of each class   Trading Symbol   Name of each exchange on which registered

 

 

EXPLANATORY NOTE TO AMENDMENT 1

 

 

This Amendment 1 on Form 8-K/A (the “Amendment”) amends the Current Report on Form 8-K of Ankam, Inc. (the “Company”), filed on December 4, 2023 (the “Original Filing”), in which the Company reported its completion of Acquisition or Disposition of Assets. This Amendment is being filed to (i) amend Item 2.01 and disclose what assets remain in the Company after transferring the MoneySaver App (the “Asset”) to its wholly-owned subsidiary, Ankam LLC (the “LLC”), (ii) identify the Manager and ownership of the LLC, (iii) to amend the exhibit numbers, and (iv) file a copy of the Asset Transfer Agreement (the “Agreement”). Except as expressly set forth herein, this Amendment does not amend or modify any other item or disclosure contained in the Original Filing.

 

 

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