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
June 27, 2016
Date of Report
(Date of Earliest Event Reported)
FINN POWER ENERGY CORPORATION.
(Exact Name of Registrant as Specified in its Charter)
PEARL ISLAND ACQUISITION CORPORATION
(Former Name of Registrant as Specified in its Charter)
Delaware 000-55629 81-2141389
(State or other (Commission File Number) (IRS Employer
jurisdiction Identification No.)
of incorporation)
Graha BIP 3rd Floor
Jl. Jend. Gatot Subroto Kav. 23
Jakarta 12930, Indonesia
(Address of principal executive offices) (zip code)
63-32-3902 6491
(Registrant's telephone number, including area code
215 Apolena Avenue
Newport Beach, California 92662
(Former Address of Principal Executive Offices)
ITEM 3.02 Unregistered Sales of Equity Securities
On June 28, 2016, Finn Power Energy Corporation (formerly Pearl
Island Acquisition Corporation) (the "Registrant" or the "Company")
issued 5,000,000 shares of its common stock pursuant to Section 4(2)
of the Securities Act of 1933 at par representing 91% of the total
outstanding 5,500,000 shares of common stock as follows:
4,900,000 shares Franky Yason
100,000 shares Sony Harsono Haribowo
With the issuance of the stock and the redemption of 19,500,000
shares of stock (discussed below), the Company effected a change in its
control and the new majority shareholder(s) elected new management of
the Company. The Company may develop its business plan by future
acquisitions or mergers but no agreements have been reached regarding
any acquisition or other business combination. The Company changed
its name as part of the change in control. If the Company makes any
acquisitions, mergers or other business combination, the Company
will file a Form 8-K but until such time the Company remains a
shell company.
ITEM 5.01 Changes in Control of Registrant
On June 27, 2016, the following events occurred which resulted
in a change of control of the Registrant:
1. The Registrant redeemed an aggregate of 19,500,000 of the then
20,000,000 shares of outstanding stock at a redemption price of $.0001
per share for an aggregate redemption price of $1950.
2. The then current officers and directors resigned.
3. New officer(s) and director(s) were appointed and elected.
The disclosure required by Item 5.01(a)(8) of Form 8-K was previously
filed with the Securities and Exchange Commission on Form 10-12G filed
on May 2, 2016 as amended and supplemented by the information contained
in this report.
The Registrant anticipates that it will be involved in the energy
industry through acquisition of a private company or development of its
business plan including construction and development of hydro electric
and coal fired steam power plants in Indonesia.
ITEM 5.02 Departure of Directors or Principal Officers;
Election of Directors
On June 27, 2016 the following events occurred:
James M. Cassidy resigned as the Registrant's president,
secretary and director.
James McKillop resigned as the Registrant's vice president and
director.
Franky Yason and Sony Harsono Haribowo were named directors of
the Registrant.
Franky Yason was appointed President and Treasurer of the
Registrant.
Franky Yason, serves as a director and the sole officer of the Registrant.
Mr. Yason received his Bachelor of Economics in Indonesia in 2001 from the
Institute of Economic Science in Palu, Indonesia. From 1999 to the present.
Mr. Yason has worked in several industries: tire importer and distributor,
woodworking machinery, and coal mining. From 2014 to the present, Mr. Yason
has been a Director of SOMA Group, involved with coal fired power plant, hydro
electric power plant and other power generation development in Indonesia.
Sony Harsono Haribowo serves as a director of the Registrant. In 1989,
Mr. Haribowo received a B.S. in business administration from United States
International University, San Diego, California and in 1992, received an M.B.A.
in International Business from University of La Jolla, San Diego, California.
From 2006 to 2012, Mr. Haribowo served as the Director of Business Development
Investment Bank located in Indonesia, Malaysia and Singapore. From 2013 to
the present, Mr. Haribowo has worked as a business and financial consultant
in Southeast Asia and the United States.
SIGNATURES
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 hereunder duly authorized.
.
FINN POWER ENERGY CORPORATION
Date: June 28, 2016
/s/ Franky Yason
Presiden
