Item 8.01. Other Events.
As previously reported on Current Reports on Form 8-K and 8-K/A, filed by World
Health Energy Holdings, Inc., (the "Company") with the Securities and Exchange
Commission on June 28, 2022 and August 22, 2022, respectively, on July 22, 2022,
the Company completed the acquisition of approximately 26% equity interest in
CrossMobile Sp. z o.o,, a company formed under the laws of Poland
("CrossMobile"), pursuant to the terms of that certain investment agreement.by
and among the Company, CrossMobile, and the shareholders of CrossMobile (the
"Investment Agreement").
Pursuant to the terms of the Investment Agreement, the Company has the option,
for eighteen (18) months following the date of the Investment Agreement, to
purchase additional shares of CrossMobile, such that following such additional
purchase, the Company shall hold approximately 51% of CrossMobile's outstanding
share capital on a fully diluted basis (the "Additional Share Purchase Option").
On October 25, 2022, the Company exercised the Additional Share Purchase Option
to acquire such additional shares of CrossMobile and the Company now holds
approximately 51% of CrossMobile's outstanding share capital on a fully diluted
basis. In consideration for the exercise of the Additional Share Purchase
Option, the Company shall issue to CrossMobile 10,000,000 shares of the
Company's common stock.
On October 31, 2022, the Company issued a press release announcing the exercise
of the Additional Share Purchase Option. A copy of the press release is filed
hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release, dated November 1, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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WORLD HEALTH ENERGY HOLDINGS, INC. 
