UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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)
| (State or other jurisdiction
of incorporation or organization) |
(Commission File Number) | (IRS employer identification no.) |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s
telephone number, including area code:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name
of each exchange on which registered | ||
| None |
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:
| 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)) |
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 7.01 Regulation FD Disclosure
Arax Holdings Corp. (“Registrant”) issued a press release today, a copy of which is attached to this current report as Exhibit 99.1
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Copy of Press Release issued by Registrant on April 12, 2024. |
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 thereunto duly authorized.
| Arax Holdings Corp. | ||
| Dated: April 12, 2024 | By: | /s/ Christopher D. Strachan |
| Christopher D. Strachann | ||
| Chief Financial Officer | ||
Exhibit 99.1
ARAX Sets a New Benchmark in Access Control Management with DePIN & Luna Mesh
Revolutionizing Industry Standards through Decentralized Infrastructure and Data Storage Networks
ARAX, a pioneer in blockchain integration, proudly unveils a transformative collaboration in technology that sets a new benchmark for
decentralized infrastructure—melding Core Blockchain, Core Token, CorePass, Codetech, and Luna Mesh into a unified platform. Ockert
Loubser, co-founder of the Core Blockchain Network, CEO of Codetech, and COO of ARAX, led today’s reveal, marking a significant
stride towards embedding blockchain deeply into everyday business operations and life.
"Our approach is revolutionary, providing robust solutions that leverage the immutable ledger of Core Blockchain and Core Token Smart Contract Platform, enhanced by CorePass's identification capabilities," said Loubser. When integrated with IoT-based decentralized storage and Luna Mesh for peer-to-peer communications, this technology suite offers unprecedented security, transparency, and reliability for enterprise data management
Lunaº Mesh: Bridging the Gap in Communication Infrastructure
Lunaº Mesh elevates ARAX’s offerings by enhancing existing communication infrastructures, extending last-mile reach, and serving as a cost-effective method to broaden accessibility. This versatility is crucial for seamless integration with both decentralized storage frameworks and centralized data centers, acting as a critical fail-safe and strengthening the resilience of business operations against disruptions. Rastislav Vašička, CIO/CTO of ARAX, emphasized the transformative impact of this technology: 'Let’s imagine a world without the internet, yet still connected through surges of data connections. Lunaº Mesh is achieving a new future of decentralized communication.'
Impact on Shareholder Value and Industry Applications
The adoption of cutting-edge technologies not only enhances operational efficiency but also increases shareholder value by introducing advanced business intelligence capabilities and improving infrastructure utilization. "By decentralizing enterprise infrastructures, such as access control systems, we significantly broaden our total addressable market. This shift paves the way for new market opportunities and exhilarates the adoption of decentralized solutions, including our Core Blockchain and its Ecosystem, fostering growth across diverse sectors," Michael Loubser, CEO of ARAX, explained. "Every element of our integrated system plays a crucial role, from the Core Blockchain, which forms the foundation of our transactions, to Luna Mesh's innovative network solutions that guarantee the security and authentication of every transaction and event," Ockert Loubser further elaborated.
Demonstration and Practical Application
Today’s session also included a live demonstration of an NFC card reader, decentralized through ARAX’s platform, showcasing the practicality and ease of integrating sophisticated blockchain technology into daily operations without the need for extensive hardware overhauls.
https://youtu.be/qGO3IqsHP9E
Looking Ahead: Pioneering the Future of Decentralized Solutions
As ARAX continues to push the boundaries of what's possible in decentralized technology, the potential for reshaping industries is immense. By enhancing transparency, security, and interoperability, ARAX is setting new industry standards for how data is managed and utilized, fostering a balanced ecosystem of supply and demand within DePIN. "Leveraging data as a strategic asset is about building consensus for transformative changes in processes, technologies, and the workforce that adopts them," explains Michael Loubser. He adds "Starting with clear priorities in both processes and technology allows leading enterprises to navigate and champion these changes effectively."
About ARAX
ARAX is a leader in the integration of blockchain technology with enterprise solutions, dedicated to transforming business practices with innovative, sustainable, and compliant digital infrastructure. ARAX's commitment to advancing the digital transformation landscape is evident through its continuous innovation and strategic integration of decentralized technologies.
For further information, please contact:
Media
Relations
Email Address: press@arax.cc
Investor@arax.cc
Arax Holdings Corp
+1 850-254-1161
email us here
Visit us on social media:
Twitter
LinkedIn
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Certain statements contained in this report may be construed as "forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995 (the “Act”). All statements that are not historical facts are “forward-looking statements.”
The words "estimate," "project," "intends," "expects," "anticipates," "believes"
and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's
beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe harbor" provisions
of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those
projected on the basis of these statements. Investors should consider this cautionary statement and furthermore, no assurance can be
made that the transaction described in this Report will be consummated. Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking
statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Cover |
Apr. 12, 2024 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Apr. 12, 2024 |
| Entity File Number | 333-185928 |
| Entity Registrant Name | ARAX HOLDINGS CORP. |
| Entity Central Index Key | 0001566243 |
| Entity Tax Identification Number | 99-0376721 |
| Entity Incorporation, State or Country Code | NV |
| Entity Address, Address Line One | 820 E Park Ave |
| Entity Address, Address Line Two | Bld. D200 |
| Entity Address, City or Town | Tallahassee |
| Entity Address, State or Province | FL |
| Entity Address, Postal Zip Code | 32301 |
| City Area Code | 850 |
| Local Phone Number | 254 1161 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Entity Emerging Growth Company | false |
-8?20$3;8T.P6BP^0"X99K>]9!:G