King Resources Subsidiary Buys Collectibles for $22.26M in Stock
King Resources, Inc. (KRFG) announced through its wholly-owned subsidiary, Heavenly Grace, the execution of three material definitive agreements for the purchase of collectible items. The first agreement, dated November 3, 2026, involves the acquisition of 7 collectible items from Herbertini Limited for $4,418,165. The second agreement, dated November 4, 2026, is for the purchase of 13 collectible items from Silver Bloom Properties Limited for $9,062,214. The third agreement, dated November 5, 2026, is for the acquisition of 9 collectible items from Grand View Assets Limited for $8,781,280. In all three transactions, the purchase consideration will be settled by issuing KRFG common stock at a price of $0.236 per share.
Key Highlights
- King Resources, Inc. subsidiary Heavenly Grace entered into three purchase agreements to acquire collectible items.
- Agreement 1: Purchase of 7 collectible items for $4,418,165, settled in KRFG stock at $0.236 per share.
- Agreement 2: Purchase of 13 collectible items for $9,062,214, settled in KRFG stock at $0.236 per share.
- Agreement 3: Purchase of 9 collectible items for $8,781,280, settled in KRFG stock at $0.236 per share.
- Total value of the three agreements is $22,262,259.
- The consideration for all agreements will be settled using KRFG common stock at a price of $0.236 per share.
Price Impact
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