NaturalShrimp Inc 8-K/A

What Happened

• NaturalShrimp Inc. (filed as NaturalShrimp; legal name changed to BlueFuture Aquatics, Inc. effective Feb 11, 2026) announced a First Amendment on June 25, 2026 to its Intellectual Property Acquisition and License agreement with Hydrenesis, Inc. and CEO David Antelo.
• The Amendment confirms the originally contemplated IP transfer did not occur. Instead, Hydrenesis granted NaturalShrimp a perpetual, worldwide, exclusive and sublicensable license to use and commercialize the licensed technology in aquaculture and related fields. The Company will own improvements it develops in the licensed field; Hydrenesis retains ownership of the underlying technology.

Key Details

• Amendment date: June 25, 2026; Company name change effective: February 11, 2026.
• Equity consideration (not yet issued): Series P preferred stock = 10% economic ownership to David Antelo; Series P-2 preferred stock = 15% economic ownership to Hydrenesis (each on a fully diluted, as-converted basis). Additional preferred shares may be earned on milestone achievement — combined ownership could reach 65% if all milestones are met.
• Related-party facts: Mr. Antelo is the Company’s CEO, CFO and sole director and also CEO of Hydrenesis; former officers signed only in individual capacities.
• Status: Preferred shares had not been issued as of June 25, 2026; indebtedness to Hydrenesis had not been converted, settled, or released. The parties waived a prior closing condition requiring Company liabilities be reduced to $1,000,000 or less (the liabilities remain intact).

Why It Matters

• For investors, this is a material related-party transaction that could lead to significant dilution and a large shift in economic ownership (up to 65% combined) if milestones are achieved — but those shares are not yet issued.
• The license grants the Company broad commercial rights in aquaculture without transferring core IP ownership; this preserves commercialization ability while Hydrenesis retains the underlying technology.
• The legal name change to BlueFuture Aquatics, Inc. is effective, but the company has not yet notified FINRA; the OTC trading name and symbol remain NaturalShrimp Incorporated and SHMP until FINRA processes a change.
• Important open items remain: issuance of preferred stock, conversion or settlement of indebtedness to Hydrenesis, and the milestone outcomes that would trigger additional equity. These factors will materially affect capitalization and control once they occur.