Item 2.01 - Completion of Acquisition or Disposition of Assets.

On September 15, 2020, as part of its sales of unregistered securities to certain corporation, Kid Castle Educational Corporation acquired 100% interest in, and control of Community Economic Development Capital, LLC (a California Limited Liability Company), a specialty real estate holding company for specialized assets including, affordable housing, opportunity zones properties, medical real estate investments, hemp and cannabis farms, dispensaries facilities, CBD related commercial facilities, industrial and commercial real estate, and other real estate related services.


--------------------------------------------------------------------------------



Item 3.02  -  Unregistered Sales of Equity Securities

On September 15, 2020, Kid Castle Educational Corporation (the "Company") entered into a stock purchase agreement with certain corporation related to our President and CEO with respect to the private placement of 900,000 shares of its preferred stock at a purchase price of $3 in cash and a transfer of 100% interest in, and control of Community Economic Development Capital, LLC (a California Limited Liability Company). The shares were issued to the investors without registration under the Securities Act of 1933 based upon exemptions from registration provided under Section 4(2) of the Act and Regulation D promulgated thereunder. The issuances did not involve any public offering; no general solicitation or general advertising was used in connection with the offering.

Item 9.01. Financial Statements and Exhibits.






(d)   Exhibits



Exhibit No.   Description

10.1 Securities Purchase Agreement dated September 15, 2020

© Edgar Online, source Glimpses