King Resources Global, Inc. (KRFG) Form 8-K — Nov 5, 2026
King Resources Global (KRFG) disclosed three purchase agreements under which its wholly owned subsidiary Heavenly Grace Limited will buy 29 collectible ceramic items from three Hong Kong sellers for a combined US$22.26 million. The agreements were signed November 3-5, 2026 with Herbertini Limited, Silver Bloom Properties Limited, and Grand View Assets Management Limited. All consideration will be settled in KRFG common stock at $0.236 per share, implying issuance of roughly 94 million new shares — a potentially massive dilution event for a micro-cap OTC company.
Key figures
- Offering Price
- 0.236
- Agreement1 items
- 7
- Agreement1 value
- 4418165
- Agreement2 items
- 13
- Agreement3 items
- 9
- Agreement3 value
- 8781280
- Implied shares issued
- approximately 94.3 million shares at $0.236
AI analysis
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