Authentic Holdings, Inc. Files 8-K

TL;DR

Authentic Holdings (AHRO) filed an 8-K confirming its corporate details and history, including previous name changes.

AI Summary

Authentic Holdings, Inc. filed an 8-K on November 22, 2024, reporting on events that occurred on November 21, 2024. The filing is primarily informational, detailing the company's structure and previous name changes, including its former names Global Fiber Technologies, Inc., ECO TEK 360 INC, and Global Fashion Technologies, Inc. The company is incorporated in Nevada and its fiscal year ends on December 31.

Why It Matters

This 8-K filing provides an update on Authentic Holdings, Inc.'s corporate information and history, which is important for investors to understand the company's background and any potential implications of its past transformations.

Risk Assessment

Risk Level: low — The filing is primarily informational and does not disclose any new material financial events or significant business changes.

Key Players & Entities

• Authentic Holdings, Inc. (company) — Registrant
• Global Fiber Technologies, Inc. (company) — Former company name
• ECO TEK 360 INC (company) — Former company name
• Global Fashion Technologies, Inc. (company) — Former company name
• Nevada (jurisdiction) — State of incorporation
• November 21, 2024 (date) — Date of earliest event reported
• November 22, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — y's Series D Preferred Stock, par value $0.001 with stated value of $50 per share ($5,
• $50 — , par value $0.001 with stated value of $50 per share ($5,000,000). Because Maybac
• $5,000,000 — 001 with stated value of $50 per share ($5,000,000). Because Maybacks' assets are highly
• $14,275,574 — the Strategic Transaction at a range of $14,275,574 to $15,288,171 with an average of $14,7
• $15,288,171 — ransaction at a range of $14,275,574 to $15,288,171 with an average of $14,781,873. Also, I
• $14,781,873 — 5,574 to $15,288,171 with an average of $14,781,873. Also, IXA Advisors noted that Strategi

Filing Documents

• ahro_8k.htm (8-K) — 27KB
• ahro_ex991.htm (EX-99.1) — 11KB
• ahro_ex991img2.jpg (GRAPHIC) — 256KB
• ahro_ex991img6.jpg (GRAPHIC) — 131KB
• ahro_ex991img5.jpg (GRAPHIC) — 167KB
• ahro_ex991img4.jpg (GRAPHIC) — 228KB
• ahro_ex991img3.jpg (GRAPHIC) — 164KB
• ahro_ex991img8.jpg (GRAPHIC) — 318KB
• ahro_ex991img18.jpg (GRAPHIC) — 153KB
• ahro_ex991img17.jpg (GRAPHIC) — 139KB
• ahro_ex991img16.jpg (GRAPHIC) — 151KB
• ahro_ex991img15.jpg (GRAPHIC) — 172KB
• ahro_ex991img14.jpg (GRAPHIC) — 118KB
• ahro_ex991img13.jpg (GRAPHIC) — 224KB
• ahro_ex991img12.jpg (GRAPHIC) — 196KB
• ahro_ex991img11.jpg (GRAPHIC) — 263KB
• ahro_ex991img10.jpg (GRAPHIC) — 221KB
• ahro_ex991img1.jpg (GRAPHIC) — 265KB
• ahro_ex991img9.jpg (GRAPHIC) — 291KB
• ahro_ex991img7.jpg (GRAPHIC) — 173KB
• 0001477932-24-007562.txt ( ) — 5150KB
• ahro-20241121.xsd (EX-101.SCH) — 6KB
• ahro-20241121_lab.xml (EX-101.LAB) — 12KB
• ahro-20241121_cal.xml (EX-101.CAL) — 1KB
• ahro-20241121_pre.xml (EX-101.PRE) — 8KB
• ahro-20241121_def.xml (EX-101.DEF) — 2KB
• ahro_8k_htm.xml (XML) — 3KB

01 other events

Item 8.01 other events On November 21, 2024, Authentic Holdings, Inc. (the "Company") received a valuation report from IXA Advisors on the Company's purchase of Maybacks Global Entertainment LLC ("Maybacks") on April 26, 2023, and license agreement with Goliath Motion Picture Productions ("Goliath") on June 20, 2023, together the "Strategic Transaction" (the "Maybacks Purchase" and the "Goliath License"). On September 17, 2024, the Company retained IXA Advisors to perform a fair value analysis, under accounting standard ASC805 or similar, of the Company's Strategic Transaction. As a result, IXA Advisors analyzed the financial statements and supporting exhibits of the entities and assets and prepared a report to enable users of the Company's financial statements to evaluate the nature and financial effect of the combined Strategic Transaction on the Company. On April 26, 2023, the Company entered into a Membership Interest Purchase Agreement with Maybacks, and the members of Maybacks. As a result of the transaction, Maybacks became a wholly owned subsidiary of the Company. Maybacks is a 27-channel network at the time of the purchase (now 43 channels) whose programming is carried by Roku, Direct TV, Local Now and many other platforms giving it an FCC reach of over 450,000,000 worldwide. In accordance with the terms of the Purchase Agreement, at the closing an aggregate of 100,000 shares of the Company's newly created Series C Preferred Stock were issued to the holders of Maybacks in exchange for their membership interests of Maybacks. On June 20, 2023, the Company closed a License Agreement with Goliath. On the Closing Date, the Company licensed various full-length motion pictures and serial television shows for a period of 10 years. In exchange for the license, the Company issued to the Seller 100,000 shares of the Company's Series D Preferred Stock, par value $0.001 with stated value of $50 per share ($5,000,000). Because Maybacks' assets are highly concentra

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 99.1 IXA Advisors Report, dated November 21, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document) 3

SIGNATURES

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 hereunto duly authorized. Authentic Holdings, Inc. Date: November 22, 2024 By: /s/ Chris Giordano Name: Chris Giordano Title: President 4

View Full Filing

View this 8-K filing on SEC EDGAR