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Note 7 - Subsequent Events
6 Months Ended
Mar. 31, 2018
Notes  
Note 7 - Subsequent Events

NOTE 7SUBSEQUENT EVENTS

 

On May 8, 2018 the Company acquired 100% of Reborn Holding Inc., (“RB”) that operates a wholesale coffee business along with two retail coffee shops in exchange for newly issued shares of Capax Inc., that gave the owners of RB 95% ownership of Capax Inc. This share exchange is construed as a reverse merger.

 

In anticipation of this reverse merger, at a Board of Directors meeting on March 16, 2018 the Board approved the CEO Andrew Weeraratne (AW) to convert his 7,000,000 class B common stock to Class A common stock upon the execution of the merger agreement. Also the Board approved the cash balance in the bank to be paid as a bonus to AW since the Company at the point of the merger will transfer no assets or liabilities to RB. Therefore AW withdrew the cash balance of $62,645 in the bank on May 9, 2018.