Announcement
2026-05-19
First SEC disclosure
Meeting / Vote
2026-05-12
APPROVED_PENDING_EFFECTIVE
Effective
—
Legal effective date
Market Cap
$3M
At announcement
Why this firm matters
Standard cohort firm (Approved_Pending_Effective). Included for breadth across destinations and sectors.
Controller & ownership
DE FACTO CONTROLLERIndividual Defacto ControllerLee Ying Chiu Herbert (a/k/a Herbert Ying Chiu Lee) holds approximately 97.2% of voting power. Effective controller under Delaware/common-law definition though not strict listing-rule (>50%) controlled.
Source: PRE 14C accession 0001683168-26-004085
Vote outcome — reincorporation proposal
Approval standard: Majority of voting power of outstanding capital stock entitled to vote (DGCL §228 + DGCL §266) — satisfied via Series C Preferred Stock controller holding ~97.2% voting power. Meeting type: WRITTEN_CONSENT_IN_LIEU_OF_MEETING.
Vote totals not yet pulled. Awaiting EDGAR Item 5.07.
Event-study abnormal returns — announcement window
Returns around the announcement date.
No announcement-window CARs available for this firm yet.
Event-study abnormal returns — vote window
Returns around the shareholder-vote (or written-consent) date.
No vote-window CARs available for this firm yet.
Long-run abnormal returns & pooled estimates
Buy-and-hold abnormal returns (1 / 3 / 6 / 12 months) and calendar-time portfolio alpha (CTE) post-effective.
No long-run / pooled estimates available for this firm yet — run phase5z_compute_longrun.py on Windows to populate (requires effective date ≥ 3 months ago).
Cohort-level robustness battery
Heckman selection-corrected ATE · Romano-Wolf step-down + BH FDR · pooled BHAR. This firm's reading is shown in context of the full cohort.
Heckman two-step selection correction (controlled-vs-widely-held)
Cohort ATE = +0.94% (SE = 7.06%, n = 2395) after correcting for controller-status selection (inverse Mills ratio = -0.062).
Romano-Wolf step-down + Benjamini-Hochberg FDR (n = 47)
This firm: per-firm adjusted p-values pending. Multiple-hypothesis correction is computed across the full cohort to control family-wise error rate at alpha = 0.05.
Pooled cohort BHAR (mover firms only)
BHAR_63d: mean = -5.60% (SE = 22.11%, n = 3, p = 0.499) · BHAR_126d: mean = +17.33% (SE = 41.17%, n = 3, p = 0.774)
See Cohort event study → for the full battery and forest plots.
Nevada Statutory Disclosures
Nevada Revised Statutes (NRS) governance provisions relevant to Delaware→Nevada redomestications. Five sections summarized; each links to the Nevada Legislature’s authoritative NRS text. Counterpart to the Texas § 21.552 / § 21.373 panel for TX-destination firms.
Codifies the business-judgment rule and limits monetary liability of directors and officers absent breach of loyalty, intentional misconduct, fraud, or knowing violation of law. Stronger statutory shield than DGCL § 102(b)(7) on its face; charter opt-out / carve-out is firm-specific.
PENDING VERIFICATION
Adoption with carve-out by King Resources, Inc.: primary-source verification pending; canonical record not yet populated.
Broad permissive indemnification statute; covers expenses, judgments, fines, and amounts paid in settlement for any action by reason of service as director or officer, subject to good-faith standard. Charter / bylaw uptake is firm-specific.
PENDING VERIFICATION
King Resources, Inc. indemnification provisions pending charter / bylaw extraction.
Nevada's control-share acquisition statute (anti-takeover): voting rights of shares acquired in a “control-share acquisition” are extinguished absent disinterested-shareholder approval. Opt-out is by charter or bylaw amendment; default is opt-in for Nevada corporations meeting the statute's coverage thresholds.
PENDING VERIFICATION
King Resources, Inc. opt-in / opt-out status pending charter or bylaw verification.
Nevada's business-combination statute (anti-takeover): for two years post-acquisition, a Nevada corporation may not engage in a “combination” with a 10%+ interested stockholder unless the board pre-approved the transaction. Charter opt-out available.
PENDING VERIFICATION
King Resources, Inc. opt-in / opt-out status pending charter verification.
Authorizes conversion of a foreign business entity into a Nevada domestic entity by filing articles of conversion. The Nevada analog to DGCL § 266 (Delaware) and TBOC §§ 10.101–108 (Texas). Where used, the firm's redomestication is a true legal-entity conversion rather than a reverse-triangular merger.
PENDING VERIFICATION
Mechanism (§ 92A.135 conversion vs. merger-with-NV-sub) pending primary-source verification.
Primary-source pending. Where badges read “PENDING VERIFICATION,” the firm-specific adoption posture (e.g., charter carve-outs to NRS § 78.138, opt-outs from NRS §§ 78.378–3793 or 78.411–444) has not yet been extracted from the firm’s amended-and-restated articles or proxy materials. The presence of a Nevada incorporation alone does not establish adoption of every provision; opt-outs are charter-level facts.
Source filings
Primary-source documents on SEC EDGAR plus IR / search links.
- PRE 14C — https://www.sec.gov/Archives/edgar/data/0000774415/000168316826004085/king_pre14c.htm
- EDGAR — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000774415&type=&dateb=&owner=include&count=40
- EDGAR accession (canonical) —
0001683168-26-004085 - Note. PRE 14C Information Statement — Nevada Reincorporation by Conversion (DGCL §266 + NRS §§ 92A.195, 92A.205); written consent dated 2026-05-12, filing dated 2026-05-14
Classification & audit trail
Bucket
D
Panel eligibility
PANEL_B_dexit_mover
Audit status
v6-rev83_2026-05-26: NEW ENTRY — King Resources DE→NV conversion approved by written consent; verified against PRE 14C accession 0001683168-26-004085
Source confidence
VERIFIED_INFORMATION_STATEMENT
Transaction status
PENDING
Audit notes
[2026-05-26] v6-rev83 KRFG addition: King Resources, Inc. (OTC: KRFG; CIK 0000774415; formerly OneSolution Technology Inc.; incorporated 1995) approved DE→NV reincorporation by written consent of majority stockholder on May 12, 2026. Consenting stockholder: Lee Ying Chiu Herbert, holder of all 30,000,000 shares of Series C Preferred Stock (each share votes as 100 shares common = 3,000,000,000 votes; ~97.2% of total voting power). Mechanism: conversion under DGCL §266 + NRS §§ 92A.195 and 92A.205 (Articles of Conversion + Certificate of Conversion). Per Rule 14c-2: Effective Time no earlier than 20 calendar days after Information Statement mailing (~May 16, 2026 mailing per filing dated May 14, 2026), so earliest effective date approximately June 5, 2026. Stockholders need NOT exchange certificates. Common Stock will continue trading on OTC Markets under symbol 'KRFG' per filing. Filing dated by /s/ WONG Nga Yin Polin (CEO, Secretary, and Director). Status: APPROVED_PENDING_EFFECTIVE pending filing of Articles/Certificate of Conversion. DISAMBIGUATION: Not to be confused with the historical King Resources Company (John M. King; oil & gas; Colorado; Chapter X bankruptcy 1971) — a separate, defunct entity. Primary source: PRE 14C accession 0001683168-26-004085, URL https://www.sec.gov/Archives/edgar/data/0000774415/000168316826004085/king_pre14c.htm. Verified independently by external + internal hostile red-team subagents 2026-05-26.
[2026-05-26 v6-rev84 external reviewer adjudication] Reviewer 1 (independent primary-source pull) flagged template artifacts in the PRE 14C: Class A/B common stock references where the issuer has only Common Stock + Series C Preferred; 'Mr. Houston' as supposed interested stockholder when the consenting stockholder is Lee; 'Franchise Tax Savings' section says company 'physically located in Hong Kong' then later 'virtual first company, but intend to maintain our corporate headquarters in California' — California language reads as un-scrubbed template residue. The cover-page address is Fo Tan, Hong Kong. These are filing-quality issues at the issuer/agent level, not dataset defects, but flagged for audit-trail completeness. Reviewer 1 also noted that the v6-rev83 'correction' to drop the a/k/a was itself an error — restored in v6-rev84. [2026-05-26 v6-rev87 KRFG controller a/k/a restoration] The v6-rev84 'editorial correction' dropped 'a/k/a Herbert Ying Chiu Lee' because the cover page used 'Lee Ying Chiu Herbert'. Both orderings appear in the same PRE 14C (accession 0001683168-26-004085): cover page uses 'Lee Ying Chiu Herbert', while the Voting & Vote Required section identifies 'Herbert Ying Chiu Lee, holding an aggregate of 30,000,000 shares of Series C Preferred Stock.' Restored canonical form: 'Lee Ying Chiu Herbert (a/k/a Herbert Ying Chiu Lee).'
[2026-05-26 v6-rev84 external reviewer adjudication] Reviewer 1 (independent primary-source pull) flagged template artifacts in the PRE 14C: Class A/B common stock references where the issuer has only Common Stock + Series C Preferred; 'Mr. Houston' as supposed interested stockholder when the consenting stockholder is Lee; 'Franchise Tax Savings' section says company 'physically located in Hong Kong' then later 'virtual first company, but intend to maintain our corporate headquarters in California' — California language reads as un-scrubbed template residue. The cover-page address is Fo Tan, Hong Kong. These are filing-quality issues at the issuer/agent level, not dataset defects, but flagged for audit-trail completeness. Reviewer 1 also noted that the v6-rev83 'correction' to drop the a/k/a was itself an error — restored in v6-rev84. [2026-05-26 v6-rev87 KRFG controller a/k/a restoration] The v6-rev84 'editorial correction' dropped 'a/k/a Herbert Ying Chiu Lee' because the cover page used 'Lee Ying Chiu Herbert'. Both orderings appear in the same PRE 14C (accession 0001683168-26-004085): cover page uses 'Lee Ying Chiu Herbert', while the Voting & Vote Required section identifies 'Herbert Ying Chiu Lee, holding an aggregate of 30,000,000 shares of Series C Preferred Stock.' Restored canonical form: 'Lee Ying Chiu Herbert (a/k/a Herbert Ying Chiu Lee).'
Related firms
Use these for cross-firm sanity checks — peers in size, sector, or destination.
← Back to The Reincorporation Tracker · Cohort event study · JSON for KRFG