8-K: Leet Technology Inc. Announces OTC Listing and Corporate Structure Update

Leet Technology Inc. provides an update on its OTC listing and corporate structure following its merger with LEET BVI.

Summary

• Leet Technology Inc. completed its merger with LEET Inc. (LEET BVI) on January 11, 2023, with LEET BVI continuing as the surviving company.
• As a result of the merger, each share of Leet Technology Inc. common/preferred stock was converted into one ordinary/preferred share of LEET BVI.
• LEET BVI issued 151,096,262 Ordinary Shares and 6,898,256 Preferred Shares to former Leet Technology Inc. shareholders.
• Effective April 29, 2025, LEET BVI's Ordinary Shares will be quoted on the OTC Market Groups Pink marketplace under the symbol LTESF.
• The CUSIP number for LEET Inc. is G5433N108.
• The transfer agent for LEET BVI is Vstock Transfer, LLC.
• Leet Technology Inc. will begin filing Current Reports on Form 6-K and Annual Reports on Form 20-F (beginning with the annual report for fiscal year 2025).
• Mr. Dai Song owns 74.5% of the total outstanding Ordinary Shares of LEET BVI.

Sentiment

Score: 7

Explanation: The document is primarily informational, detailing the completion of a merger and a planned OTC listing. The sentiment is neutral to slightly positive, as these actions can be seen as steps toward growth and increased visibility.

Positives

• The OTC listing provides increased visibility for LEET BVI's shares.
• The completion of the merger simplifies the corporate structure.

Risks

• The document does not provide any information about the financial performance of the company.
• The document does not provide any information about the company's future plans.

Future Outlook

The company will begin filing Current Reports on Form 6-K and Annual Reports on Form 20-F (beginning with the annual report for fiscal year 2025).

Industry Context

Companies often pursue mergers and acquisitions to streamline operations, gain access to new markets, or achieve cost synergies. Listing on the OTC market can provide smaller companies with access to public markets.

Stakeholder Impact

• Shareholders of Leet Technology Inc. have their shares converted to LEET BVI shares.
• The company's shares will be traded on the OTC Pink marketplace, potentially affecting liquidity and valuation.

Key Dates

Keywords

OTC listing, merger, LEET BVI, Leet Technology Inc., Ordinary Shares, Preferred Shares