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Caro Holdings Inc.
- Market Cap
- Unavailable
- Volume
- 6.5K
About
Caro Holdings Inc. engages in the deployment of B2B, B2C, and D2C systems and methodologies in the United States. It offers B2B, B2C, and D2C solutions, a platform that allows marketing, analytics, and e-commerce functionality around an industry-specific directory niches for small to mid-sized retailers. Caro Holdings Inc. was incorporated in 2016 and is based in Sheffield, the United Kingdom.
Quick stats
Shares outstanding60.7M
Computed float8.8M
Float / shares14.5%
Cash runway (months)0.4
Key info
SectorIndustrials
IndustrySpecialty Business Services
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001678105
Websitehttps://www.caroholdings.com
AI Summary
AI-generated4mo agostandardbullishm and a
Caro Holdings Announces Asset Purchase and Framework for Acquisition of Goldrange Resources Corp
Caro Holdings entered into an Asset Purchase and Acquisition Agreement to acquire a 49% undivided interest in Goldrange Resources' gold exploration assets in Tanzania.
Consideration for the assets consists of 20 million shares of Caro common stock at a deemed value of $0.50 per share, along with a commitment to raise at least $1 million to fund an initial drilling campaign.
The agreement outlines a framework for Caro to potentially acquire the remaining 51% of Goldrange upon completion of the drilling campaign, subject to definitive agreements and regulatory approvals.
Red flags
- Business pivot from AI/digital services to gold mining
- Transaction consideration is based on a deemed value of $0.50 per share without stating current market price
- Acquisition of the remaining 51% is conditional and not guaranteed