Filing Details

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

  Under The Securities Exchange Act of 1934

 

Precise Acquisition, Inc.

(Name of Issuer)

 

Common Stock, $0.0001 Par Value Per Share

(Title of Class of Securities)

 

(CUSIP Number)

 

MILOST GLOBAL INC. 48 Wall Street, Level 11 New York, New York 10005

(Name, and Address of Person

Authorized to Receive Notices and Communications)

   

October 9, 2017

(Date Of Event Which Requires Filing Of This Statement)

 

If the filing person or entity has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), (f) or (g), check the following box.   |_|

 

SCHEDULE 13D

 

(1)	NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):

 

Milost Global Inc.

Address: 48 Wall Street, Level 11, New York, New York 10005

 

Mandla J. Gwadiso is the controlling party of Milost Global Inc.

 

(2)	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP          (SEE INSTRUCTIONS)
		(a)	|_|
		(b)	|_|

 

(3)	SEC USE ONLY

 

 

 

(4)	SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

PF

 

(5)	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)  |_|

 

 

 

(6)	CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	(7) SOLE VOTING POWER
	8,000,000
	(8) SHARED VOTING POWER
	0
	(9) SOLE DISPOSITIVE POWER
	8,000,000
	(10) SHARED DISPOSITIVE POWER
	0

 

(11)	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON OR ENTITY

 

                                            8,000,000

 

(12)	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  |_|

 

 

 

(13)	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

                                              100%

 

(14)	TYPE OF REPORTING PERSON/ENTITY

 

                                            COMPANY

 

ITEM 1. SECURITY AND ISSUER.

 

The security upon which this report is based is the common stock, par value $0.0001 per share, of Precise Acquisition, Inc., a Delaware corporation, with its principal place of business located at 48 Wall Street, Level 11, New York, New York 10005.

 

ITEM 2. IDENTITY AND BACKGROUND.

 

The name of the person filing this statement is Mandla J. Gwadiso who is Chief Executive Officer of Milost Global Inc., a private equity firm and sometimes referred to as the “Reporting Entity” or “Reporting Entity.” Milost Global Inc. has an address of 48 Wall Street, Level 11, New York, New York 10005.

During the past ten years, the Reporting Person (including its control party) has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). In addition, the Reporting Entity has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction during the last ten years which would make it subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.

 

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

 

On October 9, 2017, the Reporting Entity, and Thomas DeNunzio consummated a Share Purchase Agreement, pursuant to which the Reporting Entity purchased 8,000,000 shares of restricted common stock of the Issuer from Mr. DeNunzio.

 

ITEM 4. PURPOSE OF TRANSACTION.

 

The purpose of the transaction was for a change in control of the Issuer, based on a private sale of 8,000,000 shares of common stock held by Thomas DeNunzio to Milost Global Inc. The transaction closed on October 9, 2017.

 

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.

 

Milost Global Inc. beneficially owns 8,000,000 shares of the Issuers Common Stock. Mandla J. Gwadiso as control shareholder of Milost Global Inc. is deemed to be the indirect beneficial shareholder.

 

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

 

None.

 

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.

 

None.

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Signature:

 

Date: October 13, 2017

 

/s/ Mandla J. Gwadiso
Milost Global Inc., By Its CEO Mandla J. Gwadiso