UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact Name of Registrant as specified in its charter)
Commission file number:
|
||
(State or other jurisdiction of incorporation or organization) |
(Address of principal executive offices, including zip code) |
(I.R.S. Employer Identification No.) |
( |
||
(Registrant’s telephone number, including area code) |
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) | |
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)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading |
Name of each exchange on which registered |
OTC Pink | ||
OTC Pink |
* Not for trading, but only in connection with the listing and trading of American depositary shares on OTC Pink.
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.
Membership Interest Purchase Agreement
On May 1, 2025 Trucker Path Insurance (the “Purchaser”), a majority-owned subsidiary of Trucker Path, a company incorporated in Delaware, entered into an agreement related to the sale and purchase of the entire membership interest of Truckers Best Insurance LLC (the “Membership Interest Purchase Agreement”), a company incorporated in South Carolina (the “Seller”). Trucker Path is a majority-owned subsidiary of Moatable, Inc.
Under the terms and conditions of the Membership Interest Purchase Agreement, the aggregate purchase price paid by the Purchaser to the Seller in the acquisition is approximately $3,000,000, subject to certain performance based earn out targets set forth in the Membership Interest Purchase Agreement. The closing is subject to the satisfaction or waiver of certain customary closing conditions.
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 hereunto duly authorized.
MOATABLE, INC. | ||
By: | /s/ Scott Stone | |
Date: May 7, 2025 | Scott Stone | |
Chief Financial Officer |