IMine : Change in Shell Status - Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 01, 2022

488 NE 18th Street, #511

Miami, FL33132

Phone: (786) 553-4006

(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)

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 (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule l4a- l2 under the Exchange Act (17 CFR 240. l4a- l2)

☐ Pre-commencement communications pursuant to Rule l4d-2(b) under the Exchange Act (17 CFR 240. l4d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. l3e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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 5.06 Change in Shell Status

iMine Corporation, through our recently acquired wholly owned subsidiary, RAC Real Estate Acquisition Corp., is currently engaged in the business of buying and developing real estate for sale or rent of low-income housing. Prior to entering into the transactions described on Form 8-K's we filed on July 7, 2022, July 28, 2022, and August 8, 2022, we were a "shell company" (as such term is defined in Rule 12b-2 under the Exchange Act). As a result of these transactions, we have ceased to be a shell company. The information contained in this report and the 8-K's referenced above, together with the information contained in our Annual Report on Form 10-K for the fiscal year ended July 31, 2022, filed on 11/01/2022 with the SEC, and incorporated herein by reference, constitute the current "Form 10 information" necessary to satisfy the conditions contained in Rule 144(i)(2) under the Securities Act.

SIGNATURES

Pursuant to the requirement of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.