Research analysts covering My City Builders.
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My City Builders, Inc. Acquires Land for Development and Exits Shell Company Status
MYCB
New Projects/Investments
Debt Issuance
M&A
- My City Builders, Inc. (MYCB) acquired 4 acres of land in Glencoe, Alabama, for a multi-family unit development project on October 31, 2025.
- The acquisition was financed via a $350,000.00 secured promissory note from RAC Gadsden, LLC, with a 9.5% annual interest rate and a maturity date of October 30, 2028.
- The company plans to develop up to 25 multi-family units on the property, starting with an 8-unit duplex development in phase one.
- Failure to begin phase one construction within one year of the closing date (October 31, 2025) will trigger an Event of Default, potentially requiring repayment of the note or return of the property.
- As a result of this Asset Purchase Agreement, My City Builders, Inc. is no longer considered a "shell company".
Oct 31, 2025, 1:18 PM
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