Earth Science Tech Completes 03 Life Sciences Asset Acquisition
Ticker: ETST · Form: 8-K · Filed: Dec 12, 2024 · CIK: 1538495
| Field | Detail |
|---|---|
| Company | Earth Science Tech, INC. (ETST) |
| Form Type | 8-K |
| Filed Date | Dec 12, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, assets, pharmaceuticals
TL;DR
ESTI just bought assets from 03 Life Sciences, moving deeper into pharma.
AI Summary
Earth Science Tech, Inc. announced the completion of its acquisition of assets from 03 Life Sciences on December 12, 2024. The company, formerly known as Ultimate Novelty Sports Inc., is based in Miami, Florida, and operates in the pharmaceutical preparations sector.
Why It Matters
This acquisition marks a significant step for Earth Science Tech, Inc. as it expands its operations within the pharmaceutical preparations industry.
Risk Assessment
Risk Level: medium — The filing indicates a change in business focus and asset acquisition, which can introduce integration risks and financial uncertainties.
Key Players & Entities
- Earth Science Tech, Inc. (company) — Registrant
- 03 Life Sciences (company) — Acquired entity
- December 12, 2024 (date) — Date of event
- Ultimate Novelty Sports Inc. (company) — Former company name
- Miami, FL (location) — Company headquarters
FAQ
What specific assets were acquired from 03 Life Sciences?
The filing states the completion of an acquisition of assets from 03 Life Sciences but does not specify the exact nature or value of these assets.
What is the financial impact of this acquisition on Earth Science Tech, Inc.?
The filing does not provide specific financial details or projections related to the acquisition's impact.
When did Earth Science Tech, Inc. officially change its name from Ultimate Novelty Sports Inc.?
The filing indicates the date of the name change was December 30, 2011.
What is the primary business of Earth Science Tech, Inc. according to its SIC code?
Earth Science Tech, Inc. is classified under Pharmaceutical Preparations (SIC code 2834).
What is the principal executive office address for Earth Science Tech, Inc.?
The principal executive offices are located at 8950 SW 74th CT, Suite 1401, Miami, FL 33156.
Filing Stats: 788 words · 3 min read · ~3 pages · Grade level 11.7 · Accepted 2024-12-12 17:13:56
Key Financial Figures
- $0.001 — ange on which registered Common Stock $0.001 par value ETST Over the Counter Bul
Filing Documents
- form8-k.htm (8-K) — 48KB
- ex2-1.htm (EX-2.1) — 7KB
- ex23-1.htm (EX-23.1) — 3KB
- ex99-2.htm (EX-99.2) — 78KB
- ex2-1_001.jpg (GRAPHIC) — 1324KB
- ex2-1_002.jpg (GRAPHIC) — 1053KB
- ex2-1_003.jpg (GRAPHIC) — 1349KB
- ex2-1_004.jpg (GRAPHIC) — 1413KB
- ex2-1_005.jpg (GRAPHIC) — 1034KB
- ex2-1_006.jpg (GRAPHIC) — 1106KB
- ex2-1_007.jpg (GRAPHIC) — 1135KB
- ex2-1_008.jpg (GRAPHIC) — 549KB
- ex23-1_001.jpg (GRAPHIC) — 1515KB
- ex23-1_002.jpg (GRAPHIC) — 976KB
- 0001493152-24-049823.txt ( ) — 16094KB
- etst-20241212.xsd (EX-101.SCH) — 3KB
- etst-20241212_lab.xml (EX-101.LAB) — 33KB
- etst-20241212_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
Financial Statements of Businesses Acquired
Financial Statements of Businesses Acquired The financial statements of Avenvi, LLC. required by Item 9.01(a) to this Current Report on Form 8-K are incorporated herein by reference to (i) Avenvi, LLC's audited consolidated balance sheets as of and for the period ended September 30, 2024. (b) Exhibits Exhibit No. Description 2.1 Acquisition Agreement 23.1 Independent Auditor's Report. 99.2 Audited Consolidated Balance Sheets of Avenvi, LLC. as of September 30, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. EARTH SCIENCE TECH, INC. Dated: December 12, 2024 By: /s/ Giorgio R. Saumat Giorgio R. Saumat Its: CEO and Chairman of the Board Dated: December 12, 2024 By: /s/ Ernesto L. Flores Ernesto L. Flores Its: Chief Financial Officer CFO