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    CRSM   US14575N1054

SMARTT, INC.

(CRSM)
Delayed OTC Markets  -  01:53 2022-09-30 pm EDT
0.003300 USD   -2.94%
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2021Carsmartt, Inc. : Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits (form 8-K)
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CARSMARTT, INC. : Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits (form 8-K)

08/09/2021 | 02:38pm EDT

ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

The response to this item is included in Item 2.01 below and is incorporated herein by this reference with respect to the acquisition transaction.

ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.

Carsmartt, Inc., acquires Immobilfin S.P.A.

The Acquisition transaction was completed on Agost 06, 2021. Immobilfin S.P.A. is a Real Estate Company with an asset value of $47.6 Million and generates approximately $1.5 Million per year in revenues. The control person of Immobilfin S.P.A. is Fabio Visconti.

Smartt, Inc. has signed an agreement for the acquisition of 100% of the shares of Immobilfin S.P.A., Inc. The company owns a commercial building in the center of Naples Italy. The building is leased to the Italian government, who pays approximately $1.5 million a year. The property is approximately 100,000 square feet with 95 parking spaces. The transaction has closed on August 6, 2021.

The First deposit for the acquisition will be 50,000,000 restricted shares for two years that is equivalent to a value of approximately $1.5 Million. The balance due will be a determinate of the performance of share price during the next two years from future forecasted growth. Smartt, Inc. will have the option to pay in cash before the 2-year restriction has matured.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS



(d) Exhibits



Exhibit No.   Description
  10.1        Business Purchase Agreement dated August 6, 2021.





















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