UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of
report (Date of earliest event reported): November 7,
2020
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CHEE
CORP.
(Exact
Name of Registrant as Specified in Charter)
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Nevada
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333-216868
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32-0509577
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(State or Other
Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
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1206 E. Warner Road, Suite
101-l, Gilbert, AZ 85296
(Address of Principal Executive Offices) (Zip
Code)
480-652-9800
(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the
Act:
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Title
of each class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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None
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None
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None
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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 (17
CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of
1934 (17 CFR §240.12b-2).
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. ☐
1
Item 1.01 Entry into a Material Definitive
Agreement.
On November 7, 2020, Chee Corp., a Nevada corporation (the
“Company”), entered into and closed a Membership
Interest Purchase Agreement to purchase a One Hundred Percent
(100%) membership interest in Klugman Family Holdings, LLC, an
Arizona limited liability company (“KFH”), from its
sole member (“Member”), who is also Chief Executive
Officer and a Director of the Company. The aggregate purchase price
paid by the Company is One Million Five Hundred Thousand and
No/100 Dollars ($1,500,000), with One Million and No/100 Dollars
($1,000,000.00) to be paid to Member out of the future revenues of
the Company as revenues permit, and the balance of Five Hundred
Thousand and No/100 Dollars ($500,000.00) to be paid first out of
any future capital raise, and if there is no further capital raise
then out revenues of the Company’s as revenues permit. In
addition, the Company issued 10,945,250 shares of the restricted common
stock of the Company. KFH is engaged in the business of acquiring,
leasing, and managing real property, and is now a wholly-owned
subsidiary of the Company.
Item 2.01 Completion of Acquisition or Disposition of
Assets.
Pursuant to the transaction described in Item 1.01 above, the
Company has acquired interests in commercial real property assets
located in the State of Arizona area.
Item 3.02 Unregistered Sales of Equity Securities.
Pursuant to the transaction described in Item 1.01 above, the
Company issued 10,945,250 shares of the restricted common stock of
the Company to the Member.
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.
Dated: November 12, 2020
Chee Corp., a Nevada corporation
By: /s/ Aaron
Klusman
Aaron Klusman
Chief Executive
Officer
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