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):
XINDA DBA
(Exact name of registrant as specified in its charter)
| (State or Other Jurisdiction | (Commission | (I.R.S. Employer | ||
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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
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Item 2.01. Completion of Acquisition or Disposition of Assets.
On December 31, 2024, per Asset Purchase Agreement, Tribal Rides International Corp. (“Seller”, “Company”, “we”, or “us”) sold to Boumarang Inc. (“Buyer”) all of the owned intellectual property and its application of as defined in patents, including U.S. Patent No. 9,984,574 and U.S. Patent No. 11,217,101, along with all associated intellectual property rights, trade secrets, customer lists, prototypes, software, applications, registrations, corresponding documentation, and the trade, business name, telephone number and listing, goodwill, and all other intangible asset, hereinafter, the "Assets." The purchase price for the assets is $5,000,000, paid in 2,906,977 common stock Boumarang stock (“Shares”).
The foregoing description of the Asset Purchase Agreement with the Seller does not purport to be complete. It is qualified in its entirety by reference to the full text of the document, which is filed as an exhibit to this report and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number | Description | |
| 10.1 | Asset Purchase Agreement dated December 31, 2024. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
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Tribal Rides International Corp.
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| Date: February 5, 2025 | By: | /s/ Joseph Grimes |
| Joseph Grimes, Chief Executive Officer | ||
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