Jupiter Gold Corp
For the period ended Dec 31, 2023. Filed Mar 12, 2024.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2023 · Filed Mar 12, 2024
Contents
Cover page
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 20-F
(Mark One)
| ☐ | REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 |
OR
OR
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
OR
| ☐ | SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Date of event requiring this shell company report:
For the transition period from ______ to ______
Commission file number333-214872
(Exact name of Registrant as specified in its charter)
Not Applicable
(Translation of Registrant’s name into English)
Republic of the Marshall Islands
(Jurisdiction of incorporation or organization)
Rua buenos Aires, 10 – 14th Floor
Belo Horizonte**,**** MG 30.315-570****, Brazil**
(Address of principal executive offices)
Marc Fogassa
Rua bueno Aires, 10 – 14th Floor
Belo Horizonte**,**** MG 30.315-570****, Brazil**
Telephone:+55-11**-3956-1109**
Email: marc.fogassa@jupitergoldcorp.com
(Name, Telephone, E-mail and/or Facsimile number and Address, of Company Contact Person)
Securities registered or to be registered pursuant to Section 12(b) of the Act: None
Securities registered or to be registered pursuant to Section 12(g) of the Act: None
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act.
Common Stock, par value $0.001 per share
(Title of Class)
Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.
There were 9,674,497 common shares outstanding on December 31, 2023.
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
☐ Yes ☒No
If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
☐ Yes ☒No
Note - Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports*)*, and (2) has been subject to such filing requirements for the past 90 days.
☒Yes ☐ No
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
☒Yes ☐ No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):
| ☐ Large accelerated filer | ☐ Accelerated filer | ☒ Non-accelerated filer |
|---|---|---|
| ☐ Emerging growth company | ||
If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, 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.
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive- based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Indicate by check which basis of accounting the registrant has used to prepare the financial statements included in this filing:
| U.S. GAAP | ☒ | International Financial Reporting Standards as issued by the International Accounting Standards Board | ☐ | Other | ☐ |
|---|
If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.
☐ Item 17 ☐ Item 18
If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
☐ Yes☒ No
TABLE OF CONTENTS
| Cautionary Note Regarding Forward Looking Statements | 1 | |
|---|---|---|
| Part I | ||
| Item 1. | Identity of Directors, Senior Management and Advisers | 2 |
| Item 2. | Offer Statistics and Expected Timetable | 2 |
| Item 3. | Key Information | 2 |
| Item 4. | Information on the Company | 8 |
| Item 4A. | Unresolved Staff Comments | 37 |
| Item 5. | Operating and Financial Review and Prospects | 37 |
| Item 6. | Directors, Senior Management and Employees | 41 |
| Item 7. | Major Shareholders and Related Party Transactions | 44 |
| Item 8. | Financial Information | 45 |
| Item 9. | The Offer and Listing | 45 |
| Item 10. | Additional Information | 45 |
| Item 11. | Quantitative and Qualitative Disclosures About Market Risk | 48 |
| Item 12. | Description of Securities Other Than Equity Securities | 48 |
| Part II | ||
| Item 13. | Defaults, Dividend Arrearages and Delinquencies | 48 |
| Item 14. | Material Modifications to the Rights of Security Holders and Use of Proceeds | 48 |
| Item 15. | Controls and Procedures | 48 |
| Item 16. | Reserved | 50 |
| Item 16A | Audit Committee Financial Expert | 50 |
| Item 16B | Code of Ethics | 50 |
| Item 16C | Principal Accountant Fees and Services | 50 |
| Item 16D | Exemptions from the Listing Standards for Audit Committees. | 51 |
| Item 16E | Purchases of Equity Securities by the Issuer and Affiliated Purchasers. | 51 |
| Item 16F | Changes in Registrant’s Certifying Accountant | 51 |
| Item 16G | Corporate Governance | 51 |
| Item 16H | Mine Safety Disclosure | 51 |
| Item 16 I | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 51 |
| Item 16K | Cybersecurity | 51 |
| Part III | ||
| Item 17. | Financial Statements | 51 |
| Item 18. | Financial Statements | 51 |
| Item 19. | Exhibits | 51 |
| Financial Statements | F-1 | |
| Signature Page | 52 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.