Company: AVNI
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001713282-25-000574
Chunk: 0

Company: ARVANA INC
Filing Date: 2025-07-17
Form: 10-K
Item: Item 1
Chunk 0
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ITEM
1. BUSINESS

As
used herein the terms “ Arvana,” “we,” “our,” and “us” refer to Arvana Inc., its subsidiary,
and its predecessor, unless context indicates otherwise. Any distinct references to Down2Fish refer to Down 2 Fish Charters, LLC., a
wholly owned subsidiary of Arvana.

FORWARD-LOOKING
STATEMENTS

The
information in this Annual Report on Form 10-K contains forward-looking statements that involve risks and uncertainties, including our
capital needs, business plans and expectations. Forward-looking statements also involve risks and uncertainties regarding our business,
capital, government regulations, stock price, operating costs, capital costs, and other factors. Any statements contained herein that
are not statements of historical fact may be deemed to be forward-looking statements. You can identify forward-looking statements by
terminology such as "may", "will", "should", "expect", "plan", "intend",
"anticipate", "believe", "estimate", "predict", "potential" or "continue",
the negative of such terms, or other comparable terminology. Forward-looking statements are based on assumptions and analyses made by
management considering their experience and perception of historical trends, current conditions and expected future developments as well
as other factors it believes are appropriate in the circumstances. Actual events or results may differ materially. We disclaim any obligation
to publicly update forward-looking statements or disclose any difference between actual results and those reflected in these statements.
Given these uncertainties, readers are cautioned not to place undue reliance on forward-looking statements.

Overview

Arvana
was incorporated in the State of Nevada on June 16, 1977, as “ Turinco, Inc.” to engage in any legal undertaking. On July
24, 2006, Arvana changed its name from Turinco, Inc. to Arvana Inc. on the acquisition of Arvana Networks, Inc., a telecommunications
business. We discontinued efforts related to that business as of December 31, 2009. Arvana acquired Down 2 Fish Charters, LLC on February
3, 2023. Down2Fish was organized under the laws of the State of Florida on April 1, 2019.

Arvana
acquired the assets and assumed the liabilities of Down2Fish on February 3, 2023, from LCF Salons, LLC, (“ LCF”) in exchange
for fifty thousand dollars ($50,000) and a secured promissory