Lambo Acquisition Corp. Series A

British Columbia

Overview


The principal business of the Issuer will be the identification and evaluation of assets or businesses with a view to completing an acquisition. The Issuer has not commenced commercial operations and has no assets other than a minimum amount of cash. Pursuant to the Issuer’s news release dated March 2, 2021, the Issuer has entered into a Letter of Intent (“LOI”) dated February 24, 2021, with Urbenex Canada Inc. (“Urbenex”), a private company incorporated under the British Columbia Business Corporations Act, to acquire 100% of the issued and outstanding shares of Urbenex (the “Transaction”) pursuant to a Share Purchase and Sale Agreement (the “SPSA”) described as a reverse takeover (“RTO”) of Lambo by Urbenex (each a “Party” and collectively the “Parties”). The precise terms of the Transaction, including the structure of the Transaction, will be incorporated into the SPSA to be negotiated between the Company and Urbenex. Proceeds from this Offering are will be used to further the principal business of the Issuer, with the intention of completing the Transaction and eventual listing of the resulting Issuers shares on a Canadian exchange.

Crowdfunded Activities

Here's how LAMBO ACQUISITION CORP. is planning on using the funds raised from this crowdfunding:

  Minimum Raise Maximum Raise
General Working Capital $4,600 $230,250
Portal Fees $400 $19,750
TOTAL $5,000 $250,000
$84,700 raised

75 Investors Needed

  125

Offering up to 2,500,000 Special Warrants at $ 0.10

Minimum Investment: $100

Funding Closed

125 Investors (Seeking 200)

This project will only be financed if at least $5,000 is raised by Apr 15, 2021

Note: All funds are expressed in Canadian dollars.