Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 30

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 30
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 Goodell2 Interim CEO and Director11153 SW 37th MNR, Davie, FL 33328  -   -   -   - Francis Pittilloni2  Interim CFO and Director100 Biscayne Blvd., Suite 1611, Miami, FL 33132  -   -   -   - All officers and directors as a group  16,033,253   98.50%  100,000   100%5% or More Stockholders                Frank Gillen2100 Biscayne Blvd. Suite 1611, MiamiFL33132  -   -   -   - RAC Merger LLC2 100 Biscayne Blvd. Suite 1611, Miami, FL, 33132  16,033,253   98.50%  100,000   100%

1 Each share of Series A Preferred Stock entitles the holder to 10 votes on any matter presented to the holders of the Common Stock and are exercisable at a 25% discount to the next qualified financing of at least $1,000,000.2The members of RAC Merger LLC are Yolanda Goodell, Francis Pittilloni and Frank Gillen.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

Transactions with Related Persons

Continued Operations:

On July 8, 2025, the Company and RAC Merger LLC (“RAC Merger”) entered into a share purchase agreement in order to sell 100% issued and outstanding shares of RAC Real Estate Acquisition Corp., to RAC Merger for a total purchase amount of $2,374,896. RAC Merger is owned by certain shareholders, officers and directors of the Company or its wholly owned subsidiary, RAC Real Estate Acquisition Corp.  During the period ended July 31, 2025, RAC Merger, as a majority shareholder of the Company, was paid its part of purchase price in the form of the property it received which equaled the amount of $2,339,273. As of July 31, 2025, RAC Merger owed the Company an amount of $35,623 to be distributed as a dividend to the remaining minority shareholders of the Company

Discontinued Operations:

 During the year ended July 31, 2024