Earth Science Tech Files 8-K: Material Agreement & Financials
Ticker: ETST · Form: 8-K · Filed: Feb 4, 2025 · CIK: 1538495
| Field | Detail |
|---|---|
| Company | Earth Science Tech, INC. (ETST) |
| Form Type | 8-K |
| Filed Date | Feb 4, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financials, filing
TL;DR
ESTI signed a material agreement on Jan 30, 2025. Filing includes financials.
AI Summary
Earth Science Tech, Inc. entered into a Material Definitive Agreement on January 30, 2025. The company also reported other events and filed financial statements and exhibits. The filing was made on February 4, 2025, with the earliest event reported on January 30, 2025.
Why It Matters
This 8-K filing indicates a significant new agreement for Earth Science Tech, Inc., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could represent a significant change or opportunity, but the details are not yet fully disclosed in this summary.
Key Numbers
- 000-55000 — Commission File Number (SEC filing identifier)
Key Players & Entities
- Earth Science Tech, Inc. (company) — Registrant
- January 30, 2025 (date) — Date of earliest event reported
- February 4, 2025 (date) — Filing date
- Miami, FL (location) — Principal executive offices
FAQ
What is the nature of the Material Definitive Agreement entered into by Earth Science Tech, Inc. on January 30, 2025?
The provided text states that Earth Science Tech, Inc. entered into a Material Definitive Agreement on January 30, 2025, but does not specify the details of the agreement.
What are the key items reported in this 8-K filing?
The key items reported are the Entry into a Material Definitive Agreement, Other Events, and Financial Statements and Exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on January 30, 2025.
What is the principal business address of Earth Science Tech, Inc.?
The principal executive offices are located at 8950 SW 74th CT Suite 1401, Miami, FL 33156.
What is the SIC code for Earth Science Tech, Inc.?
The Standard Industrial Classification (SIC) code for Earth Science Tech, Inc. is 2834, which corresponds to Pharmaceutical Preparations.
Filing Stats: 768 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2025-02-03 17:39:32
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) — 43KB
- 0001493152-25-004719.txt ( ) — 216KB
- etst-20250130.xsd (EX-101.SCH) — 3KB
- etst-20250130_lab.xml (EX-101.LAB) — 33KB
- etst-20250130_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 30, 2025 Commission File No. 000-55000 EARTH SCIENCE TECH, INC. (Exact name of registrant as specified in its charter) florida 45-4267181 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 8950 SW 74 th CT Suite 1401 Miami , FL 33156 , USA (Address of principal executive offices, zip code) (305) 724-5684 (Registrant's telephone number, including area code) 8950 SW 74 th CT Suite 101 Miami , FL 33156 , USA (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(g) of the Act: Title of Each Class Trading Symbol Name of each exchange on which registered Common Stock $0.001 par value ETST Over the Counter Bulletin Board Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.01 Entry into a Material Agreement On January 30, 2025, Earth Science Tech, Inc., a Florida corporation (the "Company"), entered into an acquisition agreement with Las Villas Healthcare, LLC. and Doconsultations.com, LLC., both Florida limited liability companies (together, the "Targets"). Under the terms of the agreement, the Company will acquire one hundred percent of the Targets for a total of four hundred thousand dollars. At the time of execution, the Company will make an upfront payment of fifty thousand dollars. The remaining balance of three hundred fifty thousand dollar will be paid at closing, which will occur after a ninety-day due diligence period. Visit: https://villashealthandwellness.com https://doconsultations.com On January 30, 2025, the Company, entered into an acquisition agreement with Magnefuse, LLC and Alicat, LLC, both Florida limited liability companies (together, the "Targets"). Under the terms of the agreement, the Company will acquire eighty percent of the Targets for a total of two hundred forty thousand five hundred dollars. At the time of execution, the Company will make an upfront payment of two hundred ten thousand five hundred dollars. The remaining balance of thirty thousand dollar will be paid at closing, which will occur after a ninety-day due diligence period. The Company will also have the option to purchase the remaining twenty percent ownership of the Targets for up to two years following the closing. The purchase price will be based on a valuation of two times the Targets' revenue at the time of the transaction. Visit: magnechef.com Item 8.01 Other Events As of January 31, 2025, the Company has repurchased a total of seventeen million, four hundred twenty-two thousand, six hundred eighty shares of its common stock under its five million dollar repurchase program, which was initiated on January 29, 2024. Since the program's inception, the Company's outstanding shares have decreased from three hundred fifteen million, one hundred eighty-one thousand, eight hundred twenty-one shares to two hundred ninety-seven million, three hundred ninety-seven thousand, nine hundred three, marking a five point five three percent reduction in the total number of shares outstanding. The repurchase program is set to expire December 31, 2025, but may be suspended or discontinued at any time, and does not obligate the Company to repurchase any specific number of shares. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 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: February 3, 2025 By: /s/ Giorgi