STOCK TITAN

Bradbury Capital unit faces RM40M payment demand

The payment became due on October 20, 2026, and the parties are discussing revisions that include the due date.

(Moderate)

Sentiment and the balance of points

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Form Type
6-K

Rhea-AI Filing Summary

Bradbury Capital Inc. reported that its wholly owned subsidiary, Super Apps Holdings Sdn. Bd., received MobilityOne Sdn. Bhd.’s demand for RM40,000,000 (approximately USD $9,794,324) under a Share Sale Agreement. The agreement required payment within 14 days after the business combination closed on October 6, 2026, making the amount due October 20, 2026; the demand letter arrived October 23, 2026.

The parties are in active discussions about revising the agreement’s terms, including the payment due date. The original economic terms were determined four years ago, and the discussions are intended to better account for the current business environment.

Demanded payment RM40,000,000 Payment due under the Share Sale Agreement
Approximate USD equivalent approximately USD $9,794,324 Conversion of the demanded payment
Payment due date October 20, 2026 Date the payment became due
Business combination completion date October 6, 2026 Payment was due within 14 days of completion
Contractual payment period 14 days Period after business combination completion
Assumed MYR-to-USD exchange rate 0.245 Assumption used for the approximate USD equivalent
Share Sale Agreement financial
"under the terms of that certain Share Sale Agreement"
Supplemental Agreement financial
"as amended by the Supplemental Agreement"
business combination financial
"completion of the business combination"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did MobilityOne demand from BBCI’s subsidiary?

MobilityOne Sdn. Bhd. demanded RM40,000,000 (approximately USD $9,794,324) from Super Apps Holdings Sdn. Bd. under the Share Sale Agreement. The USD equivalent assumes an exchange rate of MYR to USD of 0.245.

When was the payment due under BBCI’s agreement with MobilityOne?

The RM40,000,000 payment became due on October 20, 2026, within 14 days after the business combination closed on October 6, 2026. Super Apps Holdings received MobilityOne’s demand letter on October 23, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2026

Commission File Number 001-43500

 

Bradbury Capital Inc.

 

Unit No. 16-04, Level 16, Imazium No. 8

Jalan SS21/37, Damansara Uptown,

47400, Petaling Jaya

Selangor, Malaysia
(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

On October 23, 2026, Super Apps Holdings Sdn. Bd. (“SuperApps”), the wholly owned subsidiary of Bradbury Capital Inc., a Cayman Isalnds exempted company (“we” or “us”), received a demand letter from MobilityOne Sdn. Bhd. (“M1”) demanding payment of RM40,000,000 (approximately USD $9,794,324*) (the “M1 Payment”) due under the terms of that certain Share Sale Agreement, dated October 19, 2022, by and between SuperApps and M1, as amended by the Supplemental Agreement dated February 29, 2024 (collectively, the “SSA”).

 

Pursuant to the terms of the SSA, SuperApps was obligated to pay the M1 Payment within fourteen days of the completion of the business combination between Technology & Telecommunication Acquisition Corporation and Bradbury Capital Holdings Inc. This business combination was completed on October 6, 2026. As a result, the M1 Payment became due on October 20, 2026. The parties are in active discussions regarding revising the terms and conditions of the SSA, including the payment due date, as the original economic terms of the SSA were determined four years ago, to better account for the current business environment.

 

*Assumes an exchange rate of MYR to USD of 0.245

 

 

 

 

SIGNATURE

 

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.

 

Dated: October 26, 2026

 

  By:

/s/ Loo See Yuen

  Assumes Name: Loo See Yuen
  Title: Chief Executive Officer and Director

 

 

 

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