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King Resources signs $9.06M collectibles purchase

Each agreement provides for settlement in KRFG common stock at US$0.236 per share.

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Form Type
8-K

Rhea-AI Filing Summary

King Resources, Inc. (KRFG), through its fully owned subsidiary Heavenly Grace, entered into three agreements under which Heavenly Grace will purchase collectible items.

The November 3, 2026 agreement covers seven pieces from Herbertini Limited for US$4,418,165; the November 4, 2026 agreement covers 13 pieces from Silver Bloom Properties Limited for US$9,062,214; and the November 5, 2026 agreement covers nine pieces from Grand View Assets Limited for US$8,781,280. Under each agreement, consideration will be settled in KRFG common stock at US$0.236 per share.

Filing Explained

The agreements commit Heavenly Grace to purchase collectibles with KRFG common stock, making share issuance—and dilution of existing holders—the agreed settlement mechanism; the filing reports agreements, not completed purchases or issued shares.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Purchase Agreement 1 amount US$4,418,165 Agreement dated November 3, 2026
Collectible pieces in Purchase Agreement 1 7 pieces Agreement dated November 3, 2026
Purchase Agreement 2 amount US$9,062,214 Agreement dated November 4, 2026
Collectible pieces in Purchase Agreement 2 13 pieces Agreement dated November 4, 2026
Purchase Agreement 3 amount US$8,781,280 Agreement dated November 5, 2026
Collectible pieces in Purchase Agreement 3 9 pieces Agreement dated November 5, 2026
Common stock settlement price US$0.236 per share Applies to each of the three purchase agreements
Purchase Agreement regulatory
"entered into a Purchase Agreement"
A purchase agreement is a legally binding contract that spells out exactly what is being bought, for how much, and under what conditions, including timelines, seller and buyer promises, and protections if things go wrong. For investors it matters because the agreement fixes the deal’s price, risks and closing conditions—like a detailed receipt and return policy for a large transaction—so it helps determine whether the deal will complete and how it will affect the company’s value and cash flow.
considerations financial
"settle the considerations by common stock"
limited liability company regulatory
"a Hong Kong limited liability company"
A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.

FAQ

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

What are the individual amounts of KRFG's collectible purchases?

Heavenly Grace agreed to purchase seven pieces from Herbertini Limited for US$4,418,165, 13 pieces from Silver Bloom Properties Limited for US$9,062,214, and nine pieces from Grand View Assets Limited for US$8,781,280. The agreements were entered into on November 3, 4, and 5, 2026, respectively.

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

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false 0000774415 0000774415 2026-11-05 2026-11-05 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

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): November 5, 2026

 

KING RESOURCES GLOBAL, INC

(Exact name of registrant as specified in its charter)

 

Delaware 000-56396 13-3784149

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(I.R.S. Employer

Identification No.)

 

Unit 1813, 18/F, Fo Tan Industrial Centre

26-28 Au Pui Wan Street

Fo Tan, Hong Kong 00000

(Address of principal executive offices) (Zip Code)

 

+852-35858905

(Registrant’s telephone number, including area code)

 

_________________________________________________

(Former name or former address, if changed since last report)

 

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 Symbols(s) Name of each exchange on which registered
Common KRFG NA

 

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.   ☐

 

 

   

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

Heavenly Grace (the “Buyer”), a fully owned subsidiary of King Resources Global, Inc., (the “KRFG”, “Company”, “we” or “us”), entered into a Purchase Agreement (the “Purchase Agreement 1”) on November 3, 2026 with Herbertini Limited, a Hong Kong limited liability company (the “Seller 1”), pursuant to which the Buyer will purchase Seven (7) pieces of collectible items (the “Collectibles 1”) from the Seller at the total amount of US$ 4,418,165.

 

In connection with the Purchase Agreement 1, the Buyer will settle the considerations by common stock of KRFG at the price of $0.236 per share.

 

The foregoing descriptions of the Purchase Agreement 1 is qualified in their entirety by reference to the Purchase Agreement 1, which is filed as Exhibits 10.1 to this Current Report and incorporated herein by reference.

 

Heavenly Grace, also entered into a Purchase Agreement (the “Purchase Agreement 2”) on November 4, 2026 with Silver Bloom Properties Limited, a Hong Kong limited liability company (the “Seller 2”), pursuant to which the Buyer will purchase Thirteen (13) pieces of collectible items (the “Collectibles 2”) from the Seller at the total amount of US$ 9,062,214.

 

In connection with the Purchase Agreement 2, the Buyer will settle the considerations by common stock of KRFG at the price of $0.236 per share.

 

The foregoing descriptions of the Purchase Agreement 2 is qualified in their entirety by reference to the Purchase Agreement 2, which is filed as Exhibits 10.2 to this Current Report and incorporated herein by reference.

 

Heavenly Grace, also entered into a Purchase Agreement (the “Purchase Agreement 3”) on November 5, 2026 with Grand View Assets Limited, a Hong Kong limited liability company (the “Seller 3”), pursuant to which the Buyer will purchase Nine (9) pieces of collectible items (the “Collectibles 3”) from the Seller at the total amount of US$ 8,781,280.

 

In connection with the Purchase Agreement 3, the Buyer will settle the considerations by common stock of KRFG at the price of $0.236 per share.

 

The foregoing descriptions of the Purchase Agreement 3 is qualified in their entirety by reference to the Purchase Agreement 3, which is filed as Exhibits 10.3 to this Current Report and incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits

 

(d)    Exhibits

 

The following documents are filed herewith:

 

Exhibit No.   Description
10.1  

Purchase Agreement, dated November 3, 2026, by and between Heavenly Grace Limited, and Herbertini Limited

10.2  

Purchase Agreement, dated November 4, 2026, by and between Heavenly Grace Limited, and Silver Bloom Properties Limited

10.3  

Purchase Agreement, dated November 5, 2026, by and between Heavenly Grace Limited, and Grand View Assets Management Limited

104  

Cover Page Interactive Data File (embedded within the inline XBRL document).

 

 

 

 2 

 

 

SIGNATURE

 

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

 

 

  KING RESOURCES, INC  
   

 

 
       
Date: November 5, 2026 By: /s/ Wong Nga Yin Polin  
   

Wong Nga Yin Polin

Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 3 

 

 

Filing Exhibits & Attachments

6 documents

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