Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 115

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 115
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                        -                 $                 2,368,000         $                 -             
  Reclassification of other payables and accrued liabilities upon settlement of a promissory note                          $                        -                 $                 160,000           $                 -             
  Issuance of ordinary shares in assets acquisition                                                                        $                        15,000,000        $                 -                 $                 -             
  Issuance of convertible notes in settlement of short-term loans related parties, and other payables - related party      $                        935,377           $                 -                 $                 -             
  Initial recognition of payables to former subsidiary upon disposal of subsidiary                                         $                        -                 $                 -                 $                 319,158       
  Conversion of debt into a promissory note                                                                                $                        -                 $                 -                 $                 170,000       
  Conversion of debts into convertible notes                                                                               $                        -                 $                 -                 $                 206,500       
  Forgiveness of debt by a related party                                                                                   $                        -                 $                 -                 $                 2,763,018     
  Issuance of ordinary shares upon the Reverse Recapitalization                                                            $                        -                 $                 -                 $                 11,911,459    

The accompanying notes are an integral part of these consolidated financial statements.

  F-6  

EUDA
HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

(In
U. S. dollars, unless stated otherwise)

Note
1 - Nature of business and organization

EUDA
Health Holdings Limited, which until November 17, 2022 was known as 8i Acquisition 2 Corp. (the “ Company”, “ EUDA”
or “8i”) is a company incorporated on January 21, 2021, under the laws of the British Virgin Islands for the purpose of entering
into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination
with one or more businesses or entities (a “ Initial Business Combination”). The Company is an “emerging growth company”,
as defined in Section 2(a) of the Securities Act of 1933, as amended (the “ Securities Act”), as modified by the Jumpstart
Our Business Startups Act of 2012 (the “ JOBS Act”). The Company’s efforts to identify a prospective target business
were not limited to a particular industry or geographic location (excluding