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ANKAM INC. (ANKM) outlines related-party MOU for T&E Global partnership and possible acquisition

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

ANKAM INC. entered into a non-binding Memorandum of Understanding with Taiwan-based TRUST & ETHIC CO., LTD. to build a strategic partnership and outline a framework for a potential future acquisition of T&E Global’s parent company. ANKAM plans to form a Taiwan subsidiary and may appoint President and CEO Wang Wen Lung as its Representative to manage and support T&E Global’s overseas operations. Because Mr. Wang would have roles with both ANKAM and the new subsidiary interfacing with T&E Global, the arrangement is treated as a related party transaction. ANKAM’s board, acting through independent directors and with Mr. Wang recusing himself, determined the MOU was negotiated on an arm’s-length basis and is fair and in the best interests of shareholders. The MOU is explicitly described as non-binding, with any acquisition or integration dependent on future performance metrics, definitive agreements, and required approvals.

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Insights

ANKAM outlines a related-party strategic MOU that is non-binding and governance-structured.

The MOU between ANKAM and T&E Global sets a framework for a possible future acquisition tied to performance metrics and definitive agreements. It also contemplates forming a Taiwan subsidiary, with CEO Wang Wen Lung serving as its Representative for overseas operations.

Because Mr. Wang would be involved with both ANKAM and the subsidiary interfacing with T&E Global, the transaction is classified as a related party arrangement. The board states that independent directors negotiated and approved the MOU on an arm’s-length basis, with Mr. Wang fully recused from deliberations and approvals.

The MOU is explicitly non-binding except for confidentiality and similar provisions, so there is no committed acquisition yet. Any future deal depends on achieving agreed key performance indicators, successfully negotiating definitive contracts, and securing corporate or regulatory approvals, so the actual impact will hinge on later, binding steps.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) March 23, 2026

 

 

ANKAM INC.

(Exact name of registrant as specified in its charter)

 

 

NV 000-56526 61-1900749
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)

 

Wang Wen Lung

5F., No. 97, Jingye 1st Rd., Zhongshan Dist., Taipei City 104, Taiwan (R.O.C.).

(Address of Principal Executive Offices) (Zip Code)

00000

 

+886-928486237

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol (s) Name of each exchange on which registered
None None None

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company          

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

   

 

 

EXPLANATORY NOTE

 

Item 7.01 Regulation FD Disclosure.

 

On March 23, 2026, ANKAM INC. (the “Company”) issued a press release (the “Press Release”) announcing that it had entered into a non-binding Memorandum of Understanding (MOU) with TRUST & ETHIC CO., LTD. (“T&E Global”) to establish a strategic partnership and set forth a framework for a potential future acquisition of T&E Global’s parent company. A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K pursuant to Item 7.01.

 

Related Party Disclosure

 

Mr. Wang Wen Lung, the Company’s President and Chief Executive Officer, seeks to be appointed as the Representative of the Company’s newly established Taiwan subsidiary. In this capacity, Mr. Wang aims to serve as the primary authorized representative of the Company to interface with, manage, and support the overseas business operations of T&E Global. As a result, the transactions contemplated by the MOU involve a related party. The MOU was negotiated and approved by the Company’s Board of Directors, with Mr. Wang recusing himself from all deliberations and approvals relating to the MOU. The Board determined that the terms of the MOU were negotiated on an arm’s-length basis and are fair and in the best interests of the Company and its shareholders.

 

The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

 

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
99.1   Press Release dated March 23, 2026
104   Cover Page Interactive Data File (formatted in Inline XBRL in Exhibit 101).

 

 

 

 

 

 

 2 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  ANKAM INC.
     
Date: March 23, 2026 By: /s/ Wang Wen Lung
   

Name: Wang Wen Lung

Title: President and Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 3 

 

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

ANKAM INC. Announces Memorandum of Understanding for Strategic Partnership and Potential Future Acquisition of T&E Global

 

TAIPEI, TAIWAN – March 23, 2026 – ANKAM INC. (“ANKAM” or the “Company”), today announced that it has entered into a non-binding Memorandum of Understanding (MOU) with TRUST & ETHIC CO., LTD. (“T&E Global”), a Taiwan-based corporation, to establish a strategic partnership and outline a framework for a potential future acquisition.

 

Strategic Partnership Framework

 

Under the terms of the MOU, ANKAM plans to establish a subsidiary in Taiwan and appoint Mr. Wang Wen Lung as Representative of that subsidiary. Mr. Wang may serve as the primary authorized representative of ANKAM to interface with, manage, and support the overseas business operations of T&E Global. The Parties intend to work collaboratively to expand T&E Global’s international market presence and maximize commercial value.

 

The MOU contemplates that, if T&E Global's overseas operations achieve mutually agreed-upon performance metrics (key performance indicators to be defined in a separate definitive agreement), ANKAM intends to initiate an acquisition process for the parent company of T&E Global. The Parties have agreed to negotiate in good faith to enter into definitive agreements that would govern any transaction, which will contain customary terms, conditions, and covenants for transactions of this nature.

 

Related Party Transaction Disclosure

 

Mr. Wang Wen Lung, as President and Chief Executive Officer of ANKAM, is a "related person" for purposes of SEC disclosure requirements. In light of Mr. Wang's roles with both ANKAM and the Taiwan subsidiary interfacing with T&E Global, the MOU and the transactions contemplated thereby constitute a related party transaction.

 

The MOU was negotiated and approved by the Board of Directors of ANKAM. Mr. Wang recused himself from all deliberations and approvals relating to the MOU. The Board, acting through its independent directors, determined that the terms of the MOU were negotiated on an arm's-length basis and are fair and in the best interests of the Company and its shareholders. The Board will continue to review and approve any definitive agreements related to the potential acquisition, with Mr. Wang recusing himself from such approvals.

 

Non-Binding Nature

 

Except for confidentiality and the non-binding provisions themselves, the MOU is a statement of intent only and does not constitute a legally binding obligation or contract. Any binding commitment regarding the potential acquisition or operational integration will be subject to the execution of definitive legal agreements and any required corporate or regulatory approvals.

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including but not limited to statements regarding the Company's intentions, plans, expectations, and the anticipated timing of any future transaction. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, among others, the ability of the Parties to negotiate and enter into definitive agreements, the satisfaction of any conditions precedent to a potential transaction, the achievement of performance targets, and other factors discussed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, except as required by law.

 

About ANKAM INC.

ANKAM INC. is a US-based corporation focused on global expansion and strategic

partnerships.

 

Contact:

ANKAM, Inc. 5F., No. 97, Jingye 1st Rd., Zhongshan Dist., Taipei City 104, Taiwan

(R.O.C.) Email: info@ankm.site

FAQ

What did ANKAM INC. (ANKM) announce in its March 23, 2026 8-K?

ANKAM INC. announced a non-binding Memorandum of Understanding with TRUST & ETHIC CO., LTD. The MOU outlines a strategic partnership and potential future acquisition framework, subject to performance metrics, definitive agreements, and corporate and regulatory approvals.

What is the strategic goal of ANKAM INC.’s MOU with T&E Global?

The MOU aims to establish a strategic partnership and framework for a possible future acquisition of T&E Global’s parent company. The parties intend to expand T&E Global’s international market presence and maximize commercial value through coordinated overseas operations.

How did ANKAM INC.’s board handle conflicts of interest in the T&E Global MOU?

ANKAM’s board, acting through independent directors, negotiated and approved the MOU with CEO Wang Wen Lung recusing himself. The board determined the terms were negotiated on an arm’s-length basis and are fair and in the best interests of the company and shareholders.

Is ANKAM INC.’s MOU with T&E Global legally binding or final?

The MOU is expressly non-binding, except for confidentiality and similar provisions. Any binding commitment for an acquisition or operational integration requires separate definitive legal agreements and satisfaction of any necessary corporate and regulatory approvals.

What future steps are contemplated after ANKAM INC.’s MOU with T&E Global?

If T&E Global’s overseas operations meet mutually agreed performance metrics, ANKAM intends to initiate an acquisition process for T&E Global’s parent company. The parties have agreed to negotiate in good faith to enter definitive agreements with customary terms and conditions.

Filing Exhibits & Attachments

4 documents