King Resources to buy $23.4M in collectibles

King Resources, Inc. will issue KRFG common stock to acquire high-value collectibles for US$23.4 million under a new purchase agreement.

Rhea-AI Filing Summary

King Resources, Inc. (KRFG) reports that Heavenly Grace, a wholly owned subsidiary of King Resources Global, Inc., has entered into a Purchase Agreement on September 4, 2026 with Herbertini Limited. Under the agreement, Heavenly Grace will acquire 23 collectible items for a total of US$23,399,165.

The consideration will be settled in KRFG common stock valued at $0.23 per share, making this a share-based acquisition rather than a cash purchase. The Purchase Agreement is filed as an exhibit and Chief Executive Officer Wong Nga Yin Polin signed the report on behalf of King Resources, Inc.

Filing Explained

The agreement is not reported completed, and its common-stock settlement could dilute holders, but the filing gives no share count.

KRFG has entered into the agreement, but the filing only says the buyer will purchase the collectibles and settle the consideration in common stock; it does not report completion or issuance.

If completed, the stock settlement would use common stock rather than cash and could dilute existing holders, while the filing provides no number of shares, so the dilution amount cannot be sized from this disclosure.

8-K Event Classification

2 items: 1.01, 9.01

2 items

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.

Key Figures

Total purchase price for Collectibles: $23,399,165 Number of collectible items acquired: 23 items Stock valuation price: $0.23 per share +1 more

4 metrics

Total purchase price for Collectibles $23,399,165 Consideration for 23 collectible items under the Purchase Agreement dated September 4, 2026

Number of collectible items acquired 23 items Collectibles purchased from Herbertini Limited by Heavenly Grace

Stock valuation price $0.23 per share Price per share used to value KRFG common stock issued as consideration

Agreement date September 4, 2026 Date Heavenly Grace entered into the Purchase Agreement with Herbertini Limited

Key Terms

Purchase Agreement, collectible items, Emerging growth company, inline XBRL

4 terms

Purchase Agreement financial

"entered into a Purchase Agreement on September 4, 2026 with Herbertini Limited"

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.

collectible items other

"purchase Twenty-Three pieces of collectible items (the “Collectibles”)"

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

inline XBRL technical

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

Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

FAQ

What transaction did KRFG (King Resources, Inc.) announce on September 4, 2026?

King Resources, Inc. disclosed that Heavenly Grace, a wholly owned subsidiary of King Resources Global, Inc., entered a Purchase Agreement with Herbertini Limited to buy 23 collectible items for a total of US$23,399,165, payable in KRFG common stock.

How much is King Resources, Inc. (KRFG) paying for the collectible items?

Heavenly Grace agreed to purchase the collectibles for a total of US$23,399,165. This amount will be settled in KRFG common stock rather than cash, using a share price of $0.23 per share for valuation.

How will King Resources, Inc. (KRFG) pay for the Herbertini Limited collectibles?

The Buyer will settle the US$23,399,165 purchase price by issuing KRFG common stock valued at $0.23 per share, making the acquisition a stock-for-assets transaction instead of a cash payment.

Who are the parties in the KRFG collectibles Purchase Agreement?

The agreement is between Heavenly Grace, a wholly owned subsidiary of King Resources Global, Inc., as the Buyer, and Herbertini Limited, a Hong Kong limited liability company, as the Seller, with King Resources, Inc. reporting the transaction.

What exactly is King Resources, Inc. (KRFG) acquiring in this deal?

The Buyer is acquiring twenty-three pieces of collectible items, defined in the agreement as the “Collectibles,” from Herbertini Limited. The total consideration for these Collectibles is US$23,399,165, to be paid in KRFG common stock.

Who signed the King Resources, Inc. (KRFG) report related to the Purchase Agreement?

The report was signed on behalf of King Resources, Inc. by Wong Nga Yin Polin, who is identified as the company’s Chief Executive Officer.

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

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false 0000774415 0000774415 2026-09-04 2026-09-04 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): September 4, 2026

KING RESOURCES, 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 on September 4, 2026 with Herbertini Limited, a Hong Kong limited liability company (the “Seller”), pursuant to which the Buyer will purchase Twenty-Three pieces of collectible items (the “Collectibles”) from the Seller at the total amount of US$ 23,399,165.

In connection with the Purchase Agreement, the Buyer will settle the considerations by common stock of KRFG at the price of $0.23 per share.

The foregoing descriptions of the Purchase Agreement is qualified in their entirety by reference to the Purchase Agreement, which is filed as Exhibits 10.1 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 September 4, 2026, by and between Heavenly Grace Limited, and Herbertini 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: September 4, 2026	By:	/s/ Wong Nga Yin Polin
		Wong Nga Yin Polin Chief Executive Officer

3

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 PURCHASE AGREEMENT 73.3 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB