Accredited Solutions Files 8-K with Material Agreement

TL;DR

ASII filed an 8-K on 11/4 for a material agreement signed 10/25.

AI Summary

Accredited Solutions, Inc. filed an 8-K on November 4, 2024, reporting a material definitive agreement entered into on October 25, 2024. The filing also includes financial statements and exhibits. The company was formerly known as Good Hemp, Inc., Lone Star Gold, Inc., and Keyser Resources, Inc.

Why It Matters

This 8-K filing indicates a significant event for Accredited Solutions, Inc., likely involving a new contract or partnership that could impact its business operations and financial performance.

Risk Assessment

Risk Level: medium — The filing itself is a standard disclosure, but the 'material definitive agreement' could represent significant new business or financial commitments, the details of which are not yet fully disclosed.

Key Players & Entities

• Accredited Solutions, Inc. (company) — Registrant
• Good Hemp, Inc. (company) — Former company name
• Lone Star Gold, Inc. (company) — Former company name
• Keyser Resources, Inc. (company) — Former company name
• November 4, 2024 (date) — Filing date
• October 25, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $3,000,000 — he closing, the Company is to deliver a $3,000,000 secured promissory note (the "Closing N
• $1,000,000 — ement by delivery of the following: (a) $1,000,000 in cash; (b) $1,000,000 by delivery of
• $1,000,000 b — following: (a) $1,000,000 in cash; (b) $1,000,000 by delivery of 1,000 shares of the Compan

Filing Documents

• asii_8k.htm (8-K) — 24KB
• asii_ex21.htm (EX-2.1) — 324KB
• asii_ex21img7.gif (GRAPHIC) — 171KB
• asii_ex21img9.gif (GRAPHIC) — 167KB
• asii_ex21img1.gif (GRAPHIC) — 128KB
• asii_ex21img2.gif (GRAPHIC) — 173KB
• asii_ex21img3.gif (GRAPHIC) — 173KB
• asii_ex21img4.gif (GRAPHIC) — 186KB
• asii_ex21img5.gif (GRAPHIC) — 179KB
• asii_ex21img6.gif (GRAPHIC) — 185KB
• asii_ex21img8.gif (GRAPHIC) — 179KB
• 0001477932-24-006860.txt ( ) — 2673KB
• asii-20241025.xsd (EX-101.SCH) — 6KB
• asii-20241025_lab.xml (EX-101.LAB) — 12KB
• asii-20241025_cal.xml (EX-101.CAL) — 1KB
• asii-20241025_pre.xml (EX-101.PRE) — 8KB
• asii-20241025_def.xml (EX-101.DEF) — 2KB
• asii_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On October 28, 2024, Accredited Solutions, Inc., a Nevada corporation (the "Company" ), entered into a Membership Interest Purchase Agreement (the "Globetopper Agreement" ) with Craig Span ( "Owner" ), pursuant to the Company would acquire 100% of the outstanding membership interests (the "Acquired Interests" ) of Globetopper, LLC (the "Globetopper" ). Pursuant to the Globetopper Agreement, at the closing, the Company is to deliver a $3,000,000 secured promissory note (the "Closing Note" ), to be secured by the Acquired Interests and the assets of Globetopper. The Closing Note is payable on the three-month anniversary of the closing date of the Globetopper Agreement by delivery of the following: (a) $1,000,000 in cash; (b) $1,000,000 by delivery of 1,000 shares of the Company's Series B Preferred Stock; and (c) $1,000,000 by the delivery of a secured promissory note (the "Follow-on Note" ), to be secured by the Acquired Interests and the assets of Acquired Company. The Follow-on Note is payable on the six-month anniversary of its issuance. The Globetopper Agreement closing is to occur upon the satisfaction of certain conditions, including customary closing conditions, the accuracy of the representations and warranties of each party, performance by each party of its respective obligations under the Globetopper Agreement and the absence of any material adverse changes in the condition of each party. The Company's management sees no impediment to the consummation of the Globetopper Agreement. The foregoing description of the Globetrotter Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Globetrotter Agreement, which is attached hereto as Exhibit 2.1 and is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 2.1* Membership Interest Purchase Agreement between the Company and Craig Span 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) _______________________________ * Filed herewith. 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACCREDITED SOLUTIONS, INC. Date: November 4, 2024. By: /s/ Eduardo A. Brito Eduardo A. Brito Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR