Form 8-K - Current report
25 5월 2024 - 2:55AM
Edgar (US Regulatory)
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0001566243
0001566243
2024-05-24
2024-05-24
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): May 24, 2024
ARAX
HOLDINGS CORP.
(Exact
name of Registrant as specified in its charter)
| Nevada |
|
333-185928 |
|
99-0376721 |
| (State or other jurisdiction
of incorporation or organization) |
|
(Commission File
Number) |
|
(IRS employer identification
no.) |
| |
|
|
|
|
820 E Park Ave Bld D200
Tallahassee, Florida |
|
|
|
82801 |
| (Address of principal executive offices) |
|
|
|
(Zip Code) |
Registrant’s
telephone number, including area code: 850
254
1161
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| N/A |
|
N/A |
|
N/A |
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:
| ☐ | 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)) |
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. |
ARAX Holdings Corp. Partners with
Tuzla Municipality for
Smart City Project
On May 24, 2024 – ARAX Holdings Corp. entered into a material Private Public Partnership with the
Tuzla Municipality in Romania for the development of a Smart City project. With the approval of the project phases, ARAX Holdings
Corp. and the Tuzla Municipality will begin the detailed implementation of planning, feasibility studies, and the pilot deployment
of intelligent street lighting systems integrated with Lunaº Mesh and ARAX BaaP technologies. The workgroup will include representatives
from Tuzla Municipality, ARAX's technical team, and a Tuzla-based contractor for the commissioning and maintenance of equipment.
Together, the partnership will develop a detailed project plan encompassing the three phases outlined in ARAX's Blueprint Proposal.
This ambitious project, focusing on Intelligent Street Lights and Lunaº Mesh for Sustainable Urban Development, will be executed
as follows:
Project Overview
The Tuzla Private Public Partnership
Smart City project will leverage ARAX’s innovative Blockchain as a Platform (BaaP) and Decentralized Physical Infrastructure Network
(DePIN) solutions to enhance urban management and citizen services. The project is designed to be implemented in three phases:
1. Planning and Feasibility Workgroup
| ● | Stakeholder Engagement: Collaborate with key stakeholders,
including local government, utility providers, and community representatives, to ensure
a comprehensive understanding of Tuzla’s needs. |
| ● | Needs Assessment: Conduct detailed assessments to identify
specific requirements for the integration of intelligent streetlights and other smart
city solutions. |
| ● | Technical Feasibility: Analyze existing infrastructure and
network coverage to establish a scalable and robust technical architecture tailored to
Tuzla’s urban landscape. |
2. Pilot Deployment
| ● | Lunaº Mesh Integration: Implement Lunaº Mesh protocols
for enhanced connectivity and peer-to-peer communication, providing a decentralized and
efficient network infrastructure. |
| ● | Intelligent Streetlights: Deploy intelligent streetlights
equipped with ARAX BaaP for decentralized management and real-time data analytics. |
| ● | Blockchain and AI: Utilize blockchain technology for secure
operations and smart contracts alongside advanced AI capabilities for data-driven decision-making. |
| ● | Decentralized Storage and Data Management: Lunaº Mesh’s
decentralized storage will be utilized for safe keeping, securing and storing of collected
data which is linked to ARAX’s BaaP and Dashboard system to view, feed and manage
all collected data. |
3. Expansion and Integration
| ● | Logistic Tracking: Implement solutions for tracking logistics
using Lunaº Mesh to ensure secure communication. |
| ● | Smart Buildings and Healthcare: Integrate smart building solutions
and enhance healthcare services with blockchain-based health record management and IoT-driven
applications. |
| ● | Comprehensive Urban Management: Expand smart city infrastructure
to include connected dumpsters, smart parking, gas tank monitoring, and more, underpinned
by ARAX’s secure and decentralized platform. |
Tuzla Municipality’s Commitment
The Tuzla Municipality has expressed
its commitment to this transformative project, emphasizing the importance of sustainability, efficiency, and innovation in urban
development. In a letter from the Mayor of Tuzla, the municipality confirmed its readiness to collaborate closely with ARAX’s
technical team and local stakeholders to ensure the successful implementation of the project’s phases.
This initiative marks a significant
milestone in our journey towards becoming a model smart city.
Contact Information
For more information about ARAX Holdings
Corp. and our innovative solutions, please visit our website at www.arax.com.
Contact:
ARAX Holdings Corp.
820 E Park Ave Bldg. D200
Tallahassee, FL 32301
info@arax.com
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
Certain statements contained in this report may be construed
as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”).
All statements that are not historical facts are “forward-looking statements.” The words “estimate,” “project,”
“intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to
identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions
made by, and information currently available to, management pursuant to the “safe harbor” provisions of the Act. These
statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected
on the basis of these statements. Investors should consider this cautionary statement and furthermore, no assurance can be made
that the transaction described in this Report will be consummated. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision
to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated
events.
| Item
9.01 | Financial
Statements and Exhibits. |
None
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
| By: | /s/
Christopher D. Strachan |
| Christopher
D. Strachan |
| Chief
Financial Officer |
Dated:
May 24, 2024
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