Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 467

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 3
Chunk 467
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 Company and RAC Gadsden LLC entered into an asset purchase agreement, in which, the Company acquired 4 acres of land in Glencoe, Alabama in exchange for a 3-year secured promissory note in the amount of $350,000 with an interest rate of 9.5% per annum. The Company intends to construct up to 25 multi-family units in three phases starting with an 8-unit multi-family duplex development on the property as phase one. As a result of this agreement the Company is no longer considered a shell company.

 F-17