Current Report · 8-K
HST Global, Inc.
HSTCOTCEQUITYCurrent
Current Report
Item 1.01 Entry into a Material Definitive Agreement On February 17, 2025, HST Global, Inc. (“HSTC”), a Nevada Corporation, entered into an Acquisition Agreement (the “Agreement”) with Michael P. Fortkort and R. Paul McGough (collectively “Sellers”) pursuant to which HSTC acquired Qwyit LLC.…
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement
On February 17, 2025, HST Global, Inc. (“HSTC”), a Nevada Corporation, entered into an Acquisition Agreement (the “Agreement”) with Michael P. Fortkort and R. Paul McGough (collectively “Sellers”) pursuant to which HSTC acquired Qwyit LLC. Qwyit LLC holds the rights to the intellectual property necessary for its products QFone, a secured video calls application available for download on the Google Play Store, and OpenVPN, with embedded Qwyit encryption. The purchase price for the acquisition consisted of 10,000,000 shares of HSTC common stock issued to Sellers and an option to purchase an additional 5,000,000 shares of HTC common stock at a price equal to the greater of the closing price of the HSTC shares on the closing date or $0.73 per share. Furthermore, in consideration for 400 hours of consulting services over 18 months Sellers were granted an option to purchase an additional 5,000,000 shares of common stock at a price equal to the greater of the closing price of the HSTC shares on the closing date or $0.73 per share.
The transaction closed on March 13, 2025.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item 3.02 Unregistered Sales of Equity Securities
In connection with the acquisition of Qwyit LLC, HSTC issued 10,000,000 shares of restricted common stock effective March 13, 2025.
Item 9.01. Financial Statements and Exhibits.
Exhibits
The following Exhibits are included herein:
Exhibit No. Description
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10.1 Acquisition Agreement between HST Global, Inc., Michael P. Fortkort and R. Paul McGough dated as of February 17, 2025.