My City Builders raises $82,500 via private stock placement
My City Builders, Inc. reported that on December 1, 2025 it completed a private placement of 1,650,000 shares of common stock.
Rhea-AI Filing Summary
My City Builders, Inc. reported that on December 1, 2025 it completed a private placement of 1,650,000 shares of common stock. The shares were sold at $0.05 per share, providing the company with gross proceeds of $82,500, all of which has been received by the company.
The sale was conducted as an unregistered offering under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D to two accredited investors. The investors confirmed they were accredited and acquiring the shares for investment purposes, and there was no general solicitation or advertising. The shares are issued as restricted securities under Rule 144, limiting their resale, and no underwriting discounts or commissions were paid in connection with the transaction.
Positive
- None.
Negative
- None.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did My City Builders, Inc. (MYCB) announce in this 8-K filing?
My City Builders, Inc. disclosed that it completed a private placement of 1,650,000 shares of common stock on December 1, 2025, raising $82,500 in gross proceeds from two accredited investors.
Did My City Builders, Inc. (MYCB) pay any commissions on this private placement?
The company stated that it did not pay any underwriting discounts or commissions in connection with the private placement transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.