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Infrax Systems (OTC:IFXY) has provided a shareholder update highlighting several key developments. The company has successfully sold four homes, with proceeds earmarked for reinvestment in new properties. Currently, 13 properties are under renovation, with four more expected to be ready for sale in January.
The company has established U.S. Standard Capital Fund , a private fund targeting accredited investors, aiming to raise $8 million to support 60 projects in 2025. This funding structure will be non-dilutive to IFXY shareholders.
The company is finalizing its 2024 fiscal year audit (ended June 30, 2024) and preparing an S-1 registration statement for SEC filing in the coming months.
Infrax Systems (OTC: IFXY) has completed the acquisition of Cornerstone Rock , a Houston-based residential construction company. This acquisition combines Cornerstone Rock's construction and remodeling capabilities with JP Developers of Texas's real estate investment expertise under the Infrax/US Standard Capital umbrella. The company has completed audits for 2022-2023 and is working on its 2024 fiscal year audit. Once completed, they plan to file an S-1 registration statement with the SEC. The company is temporarily pausing further acquisitions until the S-1 becomes effective and plans to request a name and ticker symbol change to US Standard Capital.
Infrax Systems (OTC:IFXY) has provided key updates on its business operations and acquisitions. The company is finalizing the acquisition of Cornerstone Rock Development, expected to close by November 2024. They have completed audits for 2022-2023 and are preparing their S-1 registration statement. Their Q1 FY2025 disclosure includes results from recently acquired JP Developers of Texas. Currently, they have 4 completed homes on the market, 13 under renovation, and plans to acquire 4 more properties, targeting 21 total projects by year-end.
Infrax Systems, Inc. (OTC PINK:IFXY), operating as US Standard Capital, has released a new corporate marketing video. The video features CEO Jose Pineda discussing the company's vision and showcases footage of their new corporate offices and current real estate projects.
The company is preparing to begin a PCAOB audit for its 2024 fiscal year in the coming weeks. Additionally, Infrax Systems is proceeding with its previously announced acquisition of Cornerstone Rock Development , a Houston-based residential construction company specializing in home remodeling, renovations, and new construction.
Infrax Systems plans to provide updates on additional acquisitions and intends to become a direct SEC filer in the future.
Infrax Systems, Inc (OTC: IFXY), operating as US Standard Capital, has announced its intention to acquire Cornerstone Rock Development , a Houston-based residential construction company. This acquisition aligns with US Standard Capital's focus on high-quality real estate investments. Cornerstone Rock Development specializes in home remodeling, renovations, and new construction projects.
The acquisition will provide US Standard Capital with a dedicated team of contractors, architects, and designers known for delivering high-quality craftsmanship and innovative solutions. This move is expected to enhance the value of US Standard Capital's real estate offerings. The company's COO, Jose "JT" Torres, expressed excitement about the acquisition and hinted at additional future acquisitions to build core capabilities and achieve long-term growth plans.
The deal is anticipated to close in the coming weeks and should be included in IFXY's current fiscal quarter disclosure statement. This marks the second of several planned acquisitions in real estate-related industries for Infrax Systems.
Infrax Systems, Inc. (OTC: IFXY), operating as US Standard Capital, has acquired JP Developers of Texas, a Houston-based real estate development company. This marks the first of several planned acquisitions in real estate-related industries. JP Developers specializes in fix and flip properties, new construction, remodeling, and interior finishing. The company is currently renovating eight owned single-family homes and partnering on two existing homes and four new builds.
IFXY has identified four other potential acquisition targets in the real estate and construction markets, with plans to pursue these aggressively in the coming months. The company will release its pre-merger quarterly disclosure statement for the fiscal year ended June 30, 2024, later this week. Consolidated financials including pro-rated numbers for JP Developers will be filed with the fiscal first quarter disclosure statement ending September 30, 2024.
Infrax Systems (OTC:IFXY) has provided a shareholder update on its recent activities and near-term plans. The company has completed its move to new corporate offices in Houston, TX, and relocated JP Developers of Texas to the same space. IFXY plans to acquire JP Developers of Texas once their 2022 and 2023 audits are complete, which is expected in the next few weeks. The company has identified four other potential acquisition targets in the real estate and construction markets.
IFXY has engaged an attorney to prepare an S-1 registration statement and plans to change its name to US Standard Capital, Inc. The company is currently doing business under this name and has launched a new website. President Jose Pineda stated that these efforts are laying a solid foundation for future growth.
Infrax Systems, Inc. (OTC: IFXY) has announced several key updates for shareholders. The company plans to change its name to US Standard Capital and has launched a new website. It's moving to new corporate offices in Houston, TX, providing space for growth. IFXY aims to acquire JP Developers of Texas by September 2024 and has identified four other potential acquisition targets in real estate and construction. The company is making progress on audits for fiscal years 2022 and 2023, expected to complete soon. IFXY is positioning to become an SEC direct filer, likely in the 2025 fiscal year. These changes signify a strategic shift and expansion for the company.
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Infrax Systems, Inc. (OTC PINK:IFXY) has terminated its Purchase Agreement with Mi Pulpe LLC due to the latter's inability to provide essential financial information for the quarter ending September 30, 2022. This decision follows the revelation of unfulfilled financial obligations that constitute a material adverse event not disclosed prior to the agreement. Consequently, IFXY will not report any financial results related to Mi Pulpe in its upcoming quarterly disclosure, which is expected to be filed within five days.