TriUnity Business Services Ltd 8-K

What Happened

• TriUnity Business Services Ltd. (f/k/a Independence Power Holdings, Inc.; ticker currently TYBB) filed an 8‑K reporting that on December 30, 2025 it closed an Agreement and Plan of Merger. Its newly formed Merger Sub merged into Independence Power, with Independence Power surviving as a wholly owned subsidiary.
• As part of the transaction Independence Investors LLC, the former sole stockholder of Independence Power, received 32,000,000 newly created shares of the Company’s Class B Common Stock and, immediately after the closing, beneficially owned 94.33% of the Company’s outstanding common stock. The filing states Independence Power is the accounting acquirer and its business is now the Company’s primary business. The company also says it has ceased to be a shell company.
• The filing includes Form 10-style disclosure about Independence Power’s business, management, financials and risks. Until FINRA completes its review, the company expects its stock to continue trading under its prior corporate name and pre‑merger ticker (TYBB) and pre‑merger CUSIP.

Key Details

• Closing date: December 30, 2025 (merger completed).
• Shares issued: 32,000,000 shares of newly created Class B Common Stock issued to Independence Power stockholder(s).
• Ownership change: Independence Investors LLC beneficially owns 94.33% of outstanding common stock post‑closing (change in control).
• Governance/management: New board appointed Dec 30, 2025 — H. Nicholson Carter (Chair), Todd Parkin (appointed CEO and director), David J. Durrett and Joseph Poling. Employment agreements entered with Todd Parkin and Scott Stephenson.

Why It Matters

• Control and strategy: The transaction is effectively a reverse merger that shifts the company’s primary business to Independence Power and places control with Independence Investors (94.33% ownership). That concentration can materially reduce the public float and affect liquidity for other shareholders.
• Management and reporting: New directors and a new CEO are in place and the company has provided Form 10-style disclosure about the acquired business, management and risks — useful for investors evaluating the new business profile and financials.
• Market identifiers pending: FINRA review is required before the corporate name, ticker and share reclassification are reflected in the market; until then the stock will continue to trade under the prior name/ticker (TYBB).