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King Resources reports $7.34M collectibles agreement

The disclosed purchase amounts are US$4,221,908, US$770,445 and US$7,344,385 across the three separate agreements.

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Form Type
8-K

Rhea-AI Filing Summary

King Resources, Inc. (KRFG) reported that Heavenly Grace, a wholly owned subsidiary of King Resources Global, Inc., entered three purchase agreements on November 5, 2026, with Grand View Assets Limited for collectible items.

The agreements cover six items for US$4,221,908, one item for US$770,445, and 12 items for US$7,344,385, respectively. Each agreement provides for settlement in KRFG common stock at $0.235 per share.

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 amount US$4,221,908 Six collectible items under an agreement dated November 5, 2026
Collectible items 6 items Purchase agreement dated November 5, 2026
Purchase amount US$770,445 One collectible item under an agreement dated November 5, 2026
Collectible items 1 item Purchase agreement dated November 5, 2026
Purchase amount US$7,344,385 12 collectible items under an agreement dated November 5, 2026
Collectible items 12 items Purchase agreement dated November 5, 2026
Common stock settlement price $0.235 per share Price stated for settlement under each of the three purchase agreements
Purchase Agreement financial
"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"
wholly owned subsidiary technical
"a fully owned subsidiary of King Resources Global, Inc."
A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.

FAQ

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

What collectible purchases did KRFG disclose?

Heavenly Grace agreed to buy six items for US$4,221,908, one item for US$770,445, and 12 items for US$7,344,385 under three agreements with Grand View Assets Limited.

What stock price will KRFG use to settle the agreements?

The agreements provide for settlement in KRFG common stock at $0.235 per share.

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

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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): November 9, 2026 (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 5, 2026 with Grand View Assets Limited, a Hong Kong limited liability company (the “Seller 1”), pursuant to which the Buyer will purchase Six (6) pieces of collectible items (the “Collectibles 1”) from the Seller at the total amount of US$4,221,908.

 

In connection with the Purchase Agreement 1, the Buyer will settle the considerations by common stock of KRFG at the price of $0.235 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 5, 2026 with Grand View Assets Limited, a Hong Kong limited liability company (the “Seller 2”), pursuant to which the Buyer will purchase One (1) piece of collectible item (the “Collectibles 2”) from the Seller at the total amount of US$770,445.

 

In connection with the Purchase Agreement 2, the Buyer will settle the considerations by common stock of KRFG at the price of $0.235 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 Twelve (12) pieces of collectible items (the “Collectibles 3”) from the Seller at the total amount of US$7,344,385.

 

In connection with the Purchase Agreement 3, the Buyer will settle the considerations by common stock of KRFG at the price of $0.235 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

 

Exhibit No. Exhibit Description
   
10.1 Purchase Agreement, dated November 5, 2026, by and between Heavenly Grace Limited, and Grand View Assets Management Limited
10.2 Purchase Agreement, dated November 5, 2026, by and between Heavenly Grace Limited, and Grand View Assets Management 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 9, 2026 By: /s/ Wong Nga Yin Polin  
   

Wong Nga Yin Polin

Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 3 

 

 

Filing Exhibits & Attachments

6 documents

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