Inderjit Mangat acquires control of IMA Tech for $300,000
Effective June 17, 2026, Inderjit Mangat acquired 1,500,000 shares of IMA Tech common stock from Wang Hui, representing approximately 57.47% of outstanding shares and constituting voting control. Ms. Mangat paid $75,000 in cash and executed a secured note of $225,000 (payable in two installments of $112,500 on July 15 and August 15, 2026), with the Control Shares pledged as security. Wang Hui resigned as Sole Director, President, Chief Executive Officer, Treasurer and Secretary, and Ms. Mangat was appointed to all those roles.
Key facts
- Inderjit Mangat acquired 1,500,000 shares representing approximately 57.47% of outstanding shares, effective June 17, 2026
- Total consideration paid: $75,000 cash plus secured note of $225,000 (payable $112,500 on July 15, 2026 and $112,500 on August 15, 2026)
- Control Shares pledged in favor of Wang Hui as security for the note
- Wang Hui resigned as Sole Director, President, Chief Executive Officer, Treasurer and Secretary on June 17, 2026
- Inderjit Mangat appointed as Sole Director, President, Chief Executive Officer, Treasurer and Secretary on June 17, 2026
- Ms. Mangat, age 65, previously worked as UNIX Network Administrator for U.S. Department of War for over 30 years; has owned and operated Amar Capital Corp. since 2023
Why it matters
IMA Tech has a new controlling shareholder and sole officer and director, with the prior controlling shareholder retaining a secured interest in the acquired shares until the deferred purchase price is paid in full.
Share
Derived from 8-K filed 2026-06-22. Not investment advice. View the source filing on SEC.gov →