false 0000704172 0000704172 2025-02-17 2025-02-17 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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): February 17, 2025

 

PHI GROUP, INC.

(a/k/a PHILUX GLOBAL GROUP INC.)

(Exact name of registrant as specified in its charter)

 

Wyoming   001-38255-NY   90-0114535
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

 

17011 Beach Blvd., Suite 900, CA   92647
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: 714-642-0571

 

N/A

(Former name or former address, if changed since last report)

 

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 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Precommencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Precommencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

 

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

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock   PHIL   OTC Markets

 

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 provide pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

SECTION 8 - OTHER EVENTS

 

Item 8.01 Other Events.

 

1. Grant Agreement Contract for $10,500,000 with an international philanthropic organization.

 

On February 17, 2025, Philux Global Energy, Inc., a subsidiary of the Company, (the Grantee”) signed a Grant Agreement Contract with an international philanthropic organization (the “Grantor”) registered under the laws of Dubai, United Arab Emirates, for total of $10,500,000. The Grantor agrees to provide the funds under this grant to support the Company’s initiatives in alignment with the Grantor’s mission to advance geomagnetic energy technology and integrate sustainable infrastructure with economic hubs. The funds will be used exclusively to fund the Company’s transformative initiatives at the Asia Diamond Exchange and International Financial Center projects in Vietnam and Philux Global Energy, Inc.’s geomagnetic energy technology initiatives.

 

The Grantee agrees to use the funds solely for the purposes stated above, submit quarterly progress reports, provide audited financial statements annually, acknowledge the Grantor’s support in all public communications related to the funded projects, and comply with all applicable laws, environmental regulations and ethical standards.

 

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

 

Item 9.01 Financial Statements and Exhibits

 

Due to the confidentiality stipulation of the Grant Agreement Contract, a hard copy of this document will be submitted directly to the Securities and Exchange Commission.

 

Exhibit No.   Description
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURE

 

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

 

Dated: February 19, 2025

 

PHI GROUP, INC.  
(Registrant)  
   
By: /s/ Henry D. Fahman  
  Henry D. Fahman  
  Chairman and CEO  

 

 

 

v3.25.0.1
Cover
Feb. 17, 2025
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Feb. 17, 2025
Entity File Number 001-38255-NY
Entity Registrant Name PHI GROUP, INC.
Entity Central Index Key 0000704172
Entity Tax Identification Number 90-0114535
Entity Incorporation, State or Country Code WY
Entity Address, Address Line One 17011 Beach Blvd.
Entity Address, Address Line Two Suite 900
Entity Address, State or Province CA
Entity Address, Postal Zip Code 92647
City Area Code 714
Local Phone Number 642-0571
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol PHIL
Entity Emerging Growth Company false
PHI (PK) (USOTC:PHIL)
Historical Stock Chart
From Feb 2025 to Mar 2025 Click Here for more PHI (PK) Charts.
PHI (PK) (USOTC:PHIL)
Historical Stock Chart
From Mar 2024 to Mar 2025 Click Here for more PHI (PK) Charts.