Form 8-K - Current report
16 Janeiro 2025 - 4:15PM
Edgar (US Regulatory)
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2025-01-15
2025-01-15
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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): January 15, 2025
PHI
GROUP, INC.
(a/k/a
PHILUX GLOBAL GROUP INC.)
(Exact
name of registrant as specified in its charter)
Wyoming |
|
001-38255-NY |
|
90-0114535 |
(State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
incorporation) |
|
File
Number) |
|
Identification
No.) |
17011
Beach Blvd., Suite
900, CA |
|
92647 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: 714-642-0571
N/A
(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) |
|
|
☐ |
Precommencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Precommencement
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
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock |
|
PHIL |
|
OTC
Markets |
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 provide pursuant to Section 13(a) of the Exchange Act. ☐
SECTION
8 - OTHER EVENTS
Item
8.01 Other Events.
1.
Private Investor Contract Partnership Agreement between an international ultra-high-net-worth investor group and Philux Global Group,
Inc.
On
January 15, 2025, Philux Global Group, Inc. (the “Investment Manager”) signed a Private Investor Contract Partnership Agreement
(the “Agreement”) with a ultra-high-net-worth investor group based in the United Arab Emirates and United Kingdom (the “Investor
Party”) to manage a total principal amount of Five Billion United States Dollars (“the Investment Funds”) on behalf
of the Investor Party for investment in select projects within key sectors and special investment opportunities in Vietnam and USA, especially
the Asian Diamond Exchange (ADE) and the International Financial Center (IFC) projects in Vietnam and the geomagnetic energy technology
by Philux Global Energy, Inc. (www.philuxge.com, US Patent and Trademark Office Provisional Patent Application No. 63/655846).
According
to the Agreement, the Investment Manager shall receive 2% annual management fee of the assets under management and share 40% profits
from the Investment Funds’ portfolio.
The
Company intends to allocate a large portion of the Investment Funds towards the development and establishment of the Asian Diamond Exchange
and the International Financial Center in Vietnam and for the commercialization of the geomagnetic energy program under Philux Global
Energy, Inc.
SECTION
9 – FINANCIAL STATEMENTS AND EXHIBITS
Item
9.01 Financial Statements and Exhibits
Due
to the nature of strict confidentiality and non-disclosure agreement, a hard copy of the Private Investor Contract Partnership Agreement
will be submitted directly to the Securities and Exchange Commission.
Exhibit
No. |
|
Description |
|
|
|
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
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 hereunto duly authorized.
Dated:
January 16, 2025
PHI
GROUP, INC. |
|
(Registrant) |
|
|
|
By: |
/s/
Henry D. Fahman |
|
|
Henry
D. Fahman |
|
|
Chairman
and CEO |
|
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