Karbon-X Project Inc. entered into a share exchange agreement to acquire CocoLuv Inc. in a reverse merger transaction on February 21, 2022. Pursuant to the Reverse Acquisition, all of the issued and outstanding shares of Karbon-X common stock were converted, at an exchange ratio of 20,000-for-1, into an aggregate of 20,000,000 shares of the Company's common stock, resulting in Karbon-X becoming a wholly owned subsidiary of CocoLuv Inc. and all debt owed to the related party of Cocoluv, Inc. was forgiven.

Karbon-X Project Inc. completed the acquisition of CocoLuv Inc. in a reverse merger transaction on February 21, 2022. Pursuant to the reverse acquisition, on March 21, 2022 the name of the Company was changed in the State of Nevada from Cocoluv, Inc. to Karbon-X Corp.