My City Builders, Inc. (MCB) filed an 8-K on October 31, 2025, announcing a material transaction that officially removes its designation as a shell company. MCB acquired real property assets, specifically 4 acres of land in Glencoe, Alabama, along with the associated development business, from RAC Gadsden, LLC, an affiliate entity. Related party involvement exists as key management members hold positions in the LLC’s parent structure.
The $350,000 purchase price was financed entirely via a secured Promissory Note issued by MCB to RAC Gadsden LLC. The Note bears 9.5% annual interest and mature
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