UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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Item 1.01 Termination of a Material Definitive Agreement.
Termination Merger Agreement with Innovative Payment Solutions, Inc.
On January 22, 2025 Business Warrior Corporation (“BZWR”) and Innovative Payment Solutions, Inc. (“IPSI”), mutually agreed to terminate the Agreement and Plan of Merger dated July 28, 2024, between them (the “Merger Agreement”). This decision reflects BZWR’s and IPSI’s shared understanding and agreement that discontinuing the merger is in the best interest of both parties.
The Merger Agreement provides that it may be terminated by the mutual written consent of IPSI and Business Warrior. The termination of the Merger Agreement includes the termination of the agreements among certain stockholders of Business Warrior, including Rhett Doolittle and Jonathan Brooks, the Chief Executive Officer and President, respectively, and IPSI to vote in favor of the merger and related transactions.
The foregoing descriptions of agreements and the transactions and documents contemplated thereby are not complete and are subject to and qualified in their entirety by reference to the Merger Agreement and form of Business Warrior Voting and Support Agreement, copies of which were filed as Exhibits 2.1 and 10.1, respectively, to the Current Report on Form 8-K filed on August 2, 2024, the terms of which are incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. |
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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.
| BUSINESS WARRIOR CORPORATION |
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| a Wyoming corporation |
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Date: January 29, 2025 | By: | /s/ Rhett Doolittle |
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| Name: | Rhett Doolittle |
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| Title: | Chief Executive Officer and Director (Principal Executive Officer)(Principal Financial and Accounting Officer) |
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