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): January 29, 2024
ARVANA INC.
(Exact name of registrant as specified in its charter)
Nevada (State or other jurisdiction of incorporation) | 000-30695 (Commission File Number) | 87-0618509 (IRS Employer Identification No.) |
299 Main Street, 13th Floor, Salt Lake City, Utah 84111
(Address of principal executive offices) (Zip code)
Registrant’s telephone number, including area code: (801) 232-7395
N/A
(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 of the registrant under any of the following provisions:
☐ | 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)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
n/a | n/a | n/a |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.45 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check number 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. ☐
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Item 1.01 Entry into a Material Definitive Agreement.
On January 29, 2024, Arvana Inc. (“Arvana”) entered into an Amended and Restated Business Purchase Agreement (“Amendment”) with LFC Salons, LLC. (“LCF”), in connection with the Business Purchase Agreement dated February 3, 2023 (“Agreement”), whereby Arvana acquired Down 2 Fish Charters, LLC. as a wholly owned subsidiary.
Arvana and LCF have agreed to extend the interest due date on the secured promissory note (“Note”) from the annual anniversary of the Agreement on February 3, 2024, to April 3, 2024. Except as otherwise expressly provided in the Amendment, the Agreement and the Note continue in full effect.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. | Description |
10.1 | Business Purchase Agreement |
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SIGNATURE
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.
Arvana Inc. | Date |
By: /s/ Ruairidh Campbell | January 29, 2024 |
Name: Ruairidh Campbell | |
Title: Chief Executive Officer and a Director |
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