UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Appointing of the Receivers from Commonwealth Bank of Australia
On March 28, 2022, Commonwealth Bank of Australia, the lender to subsidiaries of Rayont Inc, notified Rayont Holdings Pty Ltd (formerly known as No More Knots Holdings) and its subsidiaries that it has exercised its rights to enforce the security agreements as a result of defaults by appointing Michael McCann and Cameron Crichton of Grant Thornton as receivers and managers to following subsidiaries with immediate effect:
| (a) | Rayont Holdings Pty Ltd (formerly No More Knots Holdings Pty Ltd) (ACN 656 670 736); |
| (b) | No More Knots (Taringa) Pty (ACN 146 411 869); |
| (c) | No More Knots (Clayfield) Pty Ltd (ACN 656 672 203); |
| (d) | No More Knots Pty Ltd (ACN 100 811 381); and |
| (e) | No More Knots (Newmarket) Pty Ltd (ACN 158 638 889) |
The management of Rayont Holdings is negotiating an arrangement to pay its loans and retire the receivers and managers. A complete communication to this effect is attached to this Form 8K.
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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.
| RAYONT INC. | ||
| Dated: March 31, 2023 | By: | /s/ Marshini Aliya Moodley |
| Marshini Aliya Moodley | ||
| CEO and President | ||
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Item 9.01 Financial Statements and Exhibits
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